Question:

What is Canada Learning Bond?

by Guest13285583 | 2 years, 2 month(s) ago

What is Canada Learning Bond? Canada Learning Bond is a program where the Government of Canada gives money to help you start saving early for your child’s education after high school. Your child could get $500 now to help you start saving early for your child's education after high school, and an extra $100 each year up to age 15. That’s up to $2,000 (plus interest) in bonds for your child’s education. An extra $25 will be paid with the first $500 bond to help cover the cost of opening an RESP.
The bond can be used to pay for full- or part-time studies in an apprenticeship program, a CEGEP, trade school, college or university.

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Leonardo

* Money from the Government of Canada to help you start saving early for your child’s education after high school. * Your child could get $500 NOW to help you start saving early for your child's education after high school, and an extra $100 each year up to age 15. That’s up to $2,000 (plus interest) in bonds for your child’s education. And you don’t have to put any of your own money into the RESP to get this bond. * An extra $25 will be paid with the first $500 bond to help cover the cost of opening an RESP. * The bond can be used to pay for full- or part-time studies in an apprenticeship program, a CEGEP, trade school, college or university.
Report (0) (0) | 2 years, 2 month(s) ago