Canada Learning Bond: No RESP contributions required
(WorldNews Asia)

Insights and Market Perspectives Author: Sound Choices September 25, 2020 Education Savings: What you need to know about the Canada Learning Bond (CLB) The content in the article below is meant for Canadian investors only. The CLB is a grant that the federal government deposits directly into an RESP every year if the child is eligible, even if the parents don`t add any money. How much is the CLB? The first year: $500 (plus $25 to help cover the costs of opening the RESP) The following years: $100 for each year that the child is eligible - until the calendar year in which they turn 15 Lifetime maximum: $2,000 per beneficiary Who is eligible for the CLB? Any child born on or after January 1,...