In 1998, the Federal Government of Canada introduced the Canada Education Savings Grant in an effort to help financially support children who would like to pursue a post-secondary education. Some highlights of the Grant program include:
A person must qualify to receive the Education Savings Grant.
There are four steps to collecting the Education Savings Grant. 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 submission.
Determine a person's eligibility to collect the Education Savings Grant. A person may determine their eligibility by using the form: Check My 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 Education Savings Grant, they must apply to capture the benefit. In many cases, there are unclaimed amounts from previous year of eligibility that may be collected retroactively.
A person may continue to collect Education Savings Grant payments until they have reached the $7,200 lifetime maximum. In some cases, a person may be eligible to collect provincial grants, depending on their province of residence.
Please Note: LearningBonds.ca does not open registered accounts. Our role is to assist Canadians in determining their eligibility for the Canada Learning Bond and the various Eduction Savings Grants, as well as provide the appropriate directions how to collect their government entitlements.
There are no fees to use this service, it is free for Canadians living with a prolonged medical condition. This includes any assistance a person receives regarding eligibility qualifications, the Canada Learning Bond and the Education Savings Grants.
This is a free service provided to Canadians saving for their child's future education.
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 Education Savings Grants, 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.
