2023-2024 Income Rates Released

The Adjusted Income Brackets for the 2023 to 2024 CLB benefit year have been released. 

For the July 1, 2023 to June 30, 2024 benefit year, eligibility for the CLB will be based, in part, on the following:

Number of children	Income bracket range	Adjusted income level
1 to 3	Less than or equal to	$53,359
4	Less than	$60,205
5	Less than	$67,079
6	Less than	$73,953
7	Less than	$80,827
8	Less than	$87,701
9	Less than	$94,574
10	Less than	$101,448
11	Less than	$108,322
12	Less than	$115,196
13	Less than	$122,070
14	Less than	$128,944
15	Less than	$135,818
16	Less than	$142,692

 

Note: Larger families with higher adjusted incomes may also be eligible for the CLB.

Information relating to CLB eligibility for larger families with higher adjusted incomes is available on request.

The Canada learning Bond is a grant of up to $2,000 per child born after January 1, 2004.

Don’t delay – apply for the Canada Learning Bond for your children. They could be eligible for free money to put into their Registered Education Savings Plan (RESP).