Education Savings for Your Child

What is it?

• Money from the Government of Canada to help you start saving early for your child's education after high school.
• Your child could get $500 NOW to help you start saving early for your child's education after high school, and an extra $100 each year up to age 15. That's up to $2,000 (plus interest) in bonds for your child's education. And you don't have to put any of your own money into the RESP to get this bond.
• An extra $25 will be paid with the first $500 bond to help cover the cost of opening an RESP.
• The bond can be used to pay for full- or part-time studies in an apprenticeship program, a CEGEP, trade school, college or university.

Who can get the bond?

Your child can get the $500 Canada Learning Bond plus an extra $100 per year up to age 15 if:

• your child was born after December 31, 2003, and
• you get the National Child Benefit Supplement as part of the Canada Child Tax Benefit, commonly known as "family allowance" or "baby bonus."
  Bond gets RESP started

  Extra dollars are always tight during winter for Lynne and her partner Daniel, who does seasonal construction work near Thompson, Manitoba. Sending their kids to college would be out of the question, they imagined. Then Lynne's sister told them about money she had received through the Canada Learning Bond, even though she couldn't put any money into an RESP at the start. This is just the kind of help Lynne and Daniel needed.

You don't qualify for the bond? Visit the Canada Education Savings Grant section.

How do I Apply? 

Service Standards
Our service pledge.