Canada Learning Bond (CLB)

To help modest-income families start saving early for their child’s post-secondary education, the government of Canada also offers the Canada learning bond.

Unlike the CESG, you do not have to contribute any of your own money to benefit from this incentive. To qualify, the child must have been born after December 31, 2003, and your monthly Canada Child Tax Benefit payment must include the National Child Benefit Supplement. If your family qualifies, the Government of Canada will make a one-time payment of $500 (plus $25 to cover the cost of opening the account) into your child’s RESP. As long as you continue to receive the National Child Benefit Supplement, annual payments of $100 will be automatically made for children up to age 15. The Canada Learning Bond lifetime amount is capped at $2,000 per child.

 

 

 

 

 

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Legal notice

This communication does not constitute an offer or a solicitation of any nature in any jurisdiction in which such an offer or solicitation would not be authorized or to any person to whom it would be illegal to make such an offer or solicitation. The information contained in this Web site does not constitute specific advice of a financial, legal, accounting or fiscal nature concerning investments.

The information contained in this communication is subject to change without notice, and Services d'investissement FÉRIQUE and Gestion FÉRIQUE may not be held liable for any inaccuracy or omission in the information provided. The user expressly acknowledges and accepts that neither Services d'investissement FÉRIQUE, nor Gestion FÉRIQUE nor their employees or agents may be held liable for any damage that may have been caused directly or indirectly by the use of information contained in this site.

Please note: There may be management fees and expenses associated with investment in the Funds. Management expense ratios vary from one year to another. Please read the prospectus before investing. Mutual funds are not guaranteed, their values fluctuate frequently and past performance may not be repeated. FÉRIQUE Funds are distributed by National Bank Securities Inc., as Principal Distributor, and by Services d'investissement FÉRIQUE.

The FÉRIQUE RESP Calculator is licensed by EquiSoft, Inc.

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