There are three reasons why its a good idea to apply for the Canada Learning Bond for your child or children. (There are probably more, but three good reasons are outlined below!)
1.Its Free Money
2.You should apply for the CLB to help your child out with the costs of post secondary education. The sooner you apply, the longer the money has to earn interest, which will increase the amount of money your child will receive.
3. Studies show that children who have an RESP attend post secondary education and graduate at higher rates than children who do not have any education savings. By starting the conversation about post secondary education with your children, they will explore options as they are presented to them in career fairs and discussions with their peers.
