Canada Learning Bond
What it is:
A Canada Learning Bond offersto Canadian families to help them start for college.
How it works/Example:
In general, under the program, the Canadian government gives families $500 in the form of a bond is held in a Registered Educational Plan (RESP), which banks and unions in Canada.
Children born after December 31, 2003, are eligible for the program and the family receives the National Child Benefit Supplement.
Why it matters:
The maximum benefit from a Canada Learning Bond is $2,000.from the Canada Learning Bond program can be used to pay for full-time or part-time study in colleges, trade schools or apprentice programs.