So, who is eligible for the Canada Learning Bond?
A child is eligible for the CLB if they meet the following criteria:
- Are a resident of Canada
- Were born after 2004
- Have a valid Social Insurance Number (SIN)
- Net family adjusted income is less than or equal to $49,020 between July 1, 2021 and June 30, 2022
- Are named in a Registered Education Savings Plan (RESP)
If there are more than 3 children in the family, click on the link at the end of this sentence to learn more about the income limits: Canada Learning Bond for those under 18 years old – Eligibility – Canada.ca
Don’t delay, the sooner you apply for the Canada Learning Bond, the more interest will be earned for post-secondary education.
