Canada Learning Bond

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Canada Learning Bond is a grant paid by the government of Canada to assist low-income families with saving money for their children's post-secondary education. The CLB relies primarily on the National Child Benefit program to determine which families may be eligible and the tax regulations for the Registered Education Savings Plan to guide the eventual use of the CLB funds. As part of the 2004 Canadian federal budget, the Minister of Finance Ralph Goodale introduced the Canada Learning Bond as a way to encourage low-income families to use a RESP for saving money to be used for a child's post-secondary education.