What is the Canada Learning Bond(CLB)?

The Canada Learning Bond(CLB) is a special bond paid to RESPs for children born on or after January 1, 2004
and whose families may not normally be able to save for their children’s post-secondary
education. RESP contributions are not required to receive the CLB.

  • • $500 is paid for the first benefit year of eligibility
  • • $100 is paid for any subsequent year of eligibility up to and including the child’s 15th year
  • • The maximum benefit for any one child is $2,000
  • • CLB payments do not count as part of the $7,200 CESG lifetime limit