Canada Learning Bond (CLB)

FederalSavingsChecked November 1, 2026

The Canada Learning Bond puts free money into an RESP for children from low-income families. You do not have to contribute anything.

How much

$500 in the first eligible year, then $100 for each later eligible year up to age 15. Lifetime maximum $2,000.

When it's paid

Deposited into the child's RESP. Past years are paid too once the RESP is open (the CLB is retroactive). From April 2028 the government plans to open an RESP automatically for eligible children born in 2024 or later who do not have one by age 4; parents can opt out starting in 2027.

Who qualifies

The child was born in 2004 or later
The child has a SIN and an RESP
Family income is at or below the limit for July 2026–June 2027: $58,523 for 1–3 children, under $66,036 for 4 children, under $73,577 for 5 children
The primary caregiver files a tax return each year and is eligible for the Canada Child Benefit

How to apply

Get the child a SIN
Open an RESP (no contribution needed)
Ask the provider to request the CLB (a caregiver can ask until the day before the child turns 18; from 18 the young person can ask until the day before they turn 21)
File tax returns every year

What to have ready

Child's SIN
Primary caregiver's SIN

Add to a printable checklist with other benefits

Common mistakes to avoid

Thinking you must contribute money
Not filing taxes, which blocks eligibility
Waiting too long; past entitlements are paid only after opening an RESP

Still being confirmed: Canada.ca uses "at or below" for 1–3 children and "less than" for 4 or 5 children. Families with more than 5 children should call 1-800-622-6232. Details of automatic enrolment for children born before 2024 are not published yet. Check the official page for the latest details.

Official sources

Last checked against these pages on November 1, 2026.

Canada Education Savings Grant (CESG)The government adds money to a child's RESP when you save for their education after high school. Lower-income families…
Canada Child Benefit (CCB)The Canada Child Benefit is a tax-free monthly payment to help families with the cost of raising children under 18. The…
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Going to schoolLife-event checklist

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BenefitCanada is independent and not affiliated with any government. This guide summarizes official sources in plain language; rules and amounts change, so always confirm on the official page before applying.