In 2004, the Federal Government of Canada introduced the Canada Learning Bond (CLB) in an effort to help parents save for their children's future education. Some highlights of the Bond program include:
A person must be eligible to receive the Canada Learning Bond.
There are four steps to collecting the $2,000 Learning Bond. After eligibility has been determined, a person must apply to receive their government entitlements (and any unclaimed amounts from previous years). After the Federal Government of Canada receives a person's applications, deposits (if applicable) begin in approximately 45 days from the time of qualification.
Determine a person's eligibility to collect the Learning Bond. A person may determine their eligibility by using the form: Canada Learning Bond: Eligibility.
Receive confirmation on a person's eligibility. If a person is not eligible, they will be infomed as to the reason(s) why and directed to the appropriate resources to improve their eligibility.
For a person that is eligible to collect the Learning Bond, they must apply to capture the benefit. In many cases, there are unclaimed amounts from previous years of eligibility that may be collected retroactively (totalling up to $2,000).
A person may continue to collect Learning Bond payments until they reach the age of 21 or until they have reached the $2,000 lifetime maximum, whichever occurs first. Retroactive payments may be collected if a person is eligible.
Please Note: LearningBonds.ca does not open registered accounts. Our role is to help Canadian parents determine their eligibility for the program and provide them with the appropriate information that allows a person to capture their government entitlements.
There are no fees to use this service, it is free for Canadians who are parents and grandparents of children under the age of 21. This includes any assistance a person receives regarding eligibility qualifications for the Canada Learning Bond and/or any of the program's associated benefits, including but not limited to the federal and provincial grant programs (if applicable).
This is a free service provided to Canadian parents and grandparents.
For a person to collect this benefit, there are a number of requirements that must be met. To determine if you are eligible to collect the Canada Learning Bond, simply use the eligibility form located below:
Please Note: LearningBonds.ca does not ask for personal information such as a person's address, SIN number, birthdate, etc. Please be sure to always protect your online privacy.
