About the Canada Learning Bond

The Canada Learning Bond is $500 from the Government of Canada to help you start saving early for your child's education after high school.

This money can be used to pay for full-time or part-time studies in an apprenticeship program, trade school, CEGEP, college or university. It can help pay for tuition, school supplies or other educational expenses that your child might need.

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

  • Your child was born on or after .
  • You are or have received the National Child Benefit Supplement as part of the Canada Child Tax Benefit (also known as "family allowance").

Your child may get an extra $100 per year up to age 15, as long as you continue to receive the National Child Benefit Supplement.

Over time, the Canada Learning Bond could add up to $2,000 in grant money (plus interest) for your child's education after high school.

How to get the Canada Learning Bond?

Follow these three easy steps:

  1. Get a Social Insurance Number (SIN) for yourself and for your child if you do not already have one. There's no fee, but certain documents, such as a birth certificate, are required.

    How to get a Social Insurance Number (SIN)

    To open an RESP and apply for the Canada Learning Bond you will need a Social Insurance Number for you and your child.

    More information about applying for a Social Insurance Number

    To apply for a SIN, please visit a Service Canada Centre near you and make sure you have one of the following original primary documents with you:

    • Certificate of Birth or Birth Certificate
    • Certificate of Canadian Citizenship
    • Certificate of Indian Status
    • Permanent Resident Card
    • Work Permit
    • Study Permit
    • Visitor Record
    • Diplomatic Identity Card

    If the name on your primary document is different, you will also be required to provide one of the following supporting documents:

    • Certificate of Marriage
    • Record of Solemnization of Marriage
    • Marriage Statement
    • Legal Change-of-Name Certificate
    • Adoption Order
    • Notarial Certificate
    • Request to Amend Record of Landing
    • Confirmation of Permanent Resident Document

    For more information regarding required documents for a Social Insurance Number (SIN) application, please visit the Service Canada Web site, or call 1 800 O-Canada. You can also visit a Service Canada Centre near you.

  2. Come to a Canada Learning Bond event to learn more about saving for your child's education. Or, make an appointment with a financial institution of your choice and ask if they offer the Canada Learning Bond.
  3. Open a Registered Education Savings Plan (RESP) and apply for the Canada Learning Bond.

    What is a Registered Education Savings Plan (RESP)?

    You need to open an RESP for your child to get the Canada Learning Bond.

    More information about opening a RESP

    A Registered Education Savings Plan (RESP):

    • Is an education savings account registered by the Government of Canada.
    • Helps you, your family or friends put money aside for your child's education after high school.
    • Allows savings for education after high school to grow tax-free and could also gain government money through the Canada Education Savings Grant and the Canada Learning Bond, if you qualify.

    And you don't have to put any of your own money into the RESP to get the Canada Learning Bond!

    You can open an RESP account through a financial institution such as a bank or credit union or through a certified financial planner or group plan dealer.

Note: Not all financial institutions offer the Canada Learning Bond. To find one that does, consult the list of financial institutions.

Frequently Asked Questions about Education Savings

  • Through a Registered Education Savings Plan (RESP) you could get $500 now to help you start saving early for your child's education after high school. Your child may also get an extra $100 each year up to age 15, as long as you continue to receive the National Child Benefit Supplement.
  • That's up to $2,000 in Canada Learning Bond (plus interest) for your child's education.
  • An extra $25 will be paid to help cover the cost of opening an RESP.

No. Even if you don't put any of your own money into the RESP right now, the Government of Canada will still deposit the $500 Canada Learning Bond into the RESP account that you opened.

Since an RESP can stay open for up to 36 years, the money can be used if your child decides to attend school later.

If your child does not continue his or her education and you must close the plan:

  • The amount you saved goes back to you. Ask your financial institution for details.
  • The Canada Learning Bond must be returned to the Government of Canada.

At some financial institutions, you can open a Registered Education Savings Plan (RESP) account for free; others have fees.

The first Canada Learning Bond payment includes an additional $25 to help cover any costs of opening the RESP account. Be sure to shop around to find an RESP provider that best meets your needs.

No. You will not be taxed on the money that the Government of Canada adds to your child's RESP.

No. The Canada Learning Bond will not affect your other Government of Canada benefits.

No. You can apply for the Canada Learning Bond at any time. If your child was eligible for the Canada Learning Bond in previous years, he or she is still entitled to this money from the Government of Canada.

Yes. You do not need to attend the events to receive the Canada Learning Bond for your child. If your child is eligible to receive the Canada Learning Bond you simply need a Social Insurance Number for yourself and your child, open an RESP with a participating financial institution and apply for the Canada Learning Bond.

It is important to choose the financial institution that best suits your needs. They can help you choose the type of RESP that is right for you. Please consult the RESP brochure for more information or questions to ask when opening an RESP.

Canada Learning Bond Events in Your Area

Alberta

Calgary – hosted by Momentum

The following partners will be available at the event to help answer your questions about saving for your child’s education after high school.

  • ATB Financial
  • BMO
  • First Calgary Financial
  • RBC
  • Servus Credit Union
  • Scotiabank
  • TD

Event details

  • Momentum
    16-2936 Radcliffe Drive SE, Calgary
    Wednesday,
    From 2:00 p.m. to 6:00 p.m.
British Columbia

Nanaimo – hosted by Vancouver Island University

Event details

  • Fairview Community School
    205 Howard Avenue, Nanaimo
    Wednesday,
    From 3:00 p.m. to 6:00 p.m.
  • Coal Tyee Elementary School
    2280 Sun Valley Drive, Nanaimo
    Wednesday,
    From 3:00 p.m. to 6:00 p.m.

Duncan – hosted by Vancouver Island University

Event details

  • VIU Cohiwan Campus
    2011 University Way, Duncan
    Wednesday,
    From 3:00 p.m. to 6:00 p.m.
    Wednesday,
    From 3:00 p.m. to 6:00 p.m.
Manitoba

Winnipeg – hosted by SEED Winnipeg

The following partner will be available at the event to help answer your questions about saving for your child’s education after high school.

  • Assiniboine Credit Union

Event details

  • SEED Winnipeg
    80 Salter Street, Winnipeg
    Thursday,
    From 1:00 p.m. to 7:00 p.m.
New Brunswick

Saint John Region – hosted by Vibrant Communities Saint John

The following partners will be available at the event to help answer your questions about saving for your child’s education after high school.

  • Service Canada
  • Bayview Credit
  • BMO
  • RBC
  • Event details

Event details

  • Prince Charles School
    319 Union Street, Saint John
    Tuesday,
    From 1:30 p.m. to 3:30 p.m.

Carleton Region – hosted by Creating Community Connectors

The following partners will be available at the event(s) to help answer your questions about saving for your child’s education after high school.

  • Service Canada
  • BMO
  • Credit Union
  • Scotiabank

Event details

  • Cougar Kittens Daycare
    715 Central St, Room 215, Centreville

    From 6.00 p.m. to 9.00 p.m.
  • Step Ahead-Bath Family Learning Centre
    118 School Street, Bath

    From 6.00 p.m. to 9.00 p.m.
  • Future Footprints Family Centre
    9 School Street, Perth-Andover
    Monday,
    From 6.00 p.m. to 9.00 p.m.
  • Multicultural Association of Carleton County
    1-109 Maple Street, Woodstock

    From 6.00 p.m. to 9.00 p.m.

Gloucester Region – hosted by the Chaleur Community Inclusion Network

The following partner will be available at the event to help answer your questions about saving for your child’s education after high school.

  • Service Canada

Event details

  • Bathurst Youth Centre
    895 St Anne Street, Bathurst

    From 1:00 p.m. to 6:30 p.m.

York Region – hosted by the Greater Fredericton Community Inclusion Network

The following partner will be available at the event(s) to help answer your questions about saving for your child’s education after high school.

  • Service Canada

Event details

  • Minto Municipal Building
    420 Pleasant Drive, Minto
    Friday,
    From 9:00 a.m. to 4:00 p.m.
  • York Regional Library
    4 Carleton Street, Fredericton
    Wednesday,
    From 10:00 a.m. to 2:00 p.m. and from 5:00 p.m. to 7:00 p.m.

Restigouche Region – hosted by the Restigouche Community Inclusion Network

Event details

  • Centennial Campbellton Library
    19 Aberdeen, Campbellton
    Thursday,
    From 12:00 p.m. to 3:00 p.m.
Northwest Territories

Yellowknife – hosted by the NWT Literacy Council

Event details

  • Northern United Place
    5403 – 50 Avenue (Franklin Avenue), Yellowknife
    Monday,
    From 3:00 p.m. to 7:00 p.m.
Ontario

Hamilton – hosted by Hamilton Best Start

The following partners will be available at the event(s) to help answer your questions about saving for your child’s education after high school.

  • Service Canada
  • RBC
  • Scotiabank

Event details

  • Mission Services
    196 Wentworth Street North, Hamilton
    Tuesday,
    From 9:00 a.m. to 12:00 p.m.
    Thursday,
    From 9:00 a.m. to 12:00 p.m.

Oakville – hosted by the Halton Poverty Roundtable

The following partners will be available at the event(s) to help answer your questions about saving for your child’s education after high school.

  • Service Canada
  • Scotiabank

Event details

  • Oak Park Neighbourhood Centre
    2200 Sawgrass Drive, Oakville
    Thursday,
    From 9:00 a.m. to 12:00 p.m.
  • Halton Multicultural Council
    1092 Speers Road, Oakville
    Thursday,
    From 1:00 p.m. to 6:30 p.m.

Burlington – hosted by the Halton Poverty Roundtable

The following partners will be available at the event(s) to help answer your questions about saving for your child’s education after high school.

  • Service Canada
  • Scotiabank

Event details

  • Reach Out Centre for Kids
    645 Plains Road East, Burlington
    Wednesday,
    From 1:00 p.m. to 6:00 p.m.