BROWSE

Canada Learning Bond

Definition

The Canada Learning Bond is a grant paid by the government of Canada to assist low-income families with saving money for their children's post-secondary education. The CLB relies primarily on the National Child Benefit program to determine which families may be eligible and the tax regulations for the Registered Education Savings Plan to guide the eventual use of the CLB funds.

What is 'Canada Learning Bond'

This bond is intended to help low-income families pay for higher education expenses. The Canada Learning Bond is funded by the Canadian government as part of a program to help less privileged families send their children to college. This bond has a maximum benefit of $2,000 per child.

Explaining 'Canada Learning Bond'

The Canada Learning Bond was instituted in 2004 by the Canadian Minister of Finance. Unfortunately, only a small percentage of eligible Canadian families took advantage of this program. As a result, the government has made efforts to increase publicity for the bond. This program depends largely on the National Child Benefit Program to determine eligibility for aid.


Further Reading


The real effects of financial markets
www.annualreviews.org [PDF]
… What Explains the Recent Increase in Canadian Corporate Bond … Recall and F-Measure to ROC., Informedness, Markedness & Correlation.” Journal of Machine Learning Technologies 2 … Bank of Canada staff analytical notes are short articles that focus on topical issues relevant …

Corporate social performance, financial performance and institutional ownership in Canadian firmsCorporate social performance, financial performance and institutional ownership in Canadian firms
www.sciencedirect.com [PDF]
… What Explains the Recent Increase in Canadian Corporate Bond … Recall and F-Measure to ROC., Informedness, Markedness & Correlation.” Journal of Machine Learning Technologies 2 … Bank of Canada staff analytical notes are short articles that focus on topical issues relevant …



Q&A About Canada Learning Bond


Who funds this program?

The Canadian government funds this program.

Why has the government made efforts to increase publicity for the bond?

The government has made efforts to increase publicity for the bond because many people are unaware that they qualify for aid and do not take advantage of it when they should be applying.

How much can you receive from the Canada Learning Bond?

You can receive up to $2, per child.

When was this program instituted?

This program was instituted in 24 by the Canadian Minister of Finance.

What is the Canada Learning Bond?

The Canada Learning Bond is a bond that helps low-income families pay for higher education expenses.

What does "only a small percentage of eligible Canadian families took advantage of this program" mean?

Only a small percentage of eligible Canadian families took advantage of this program because they did not know about it or were unaware that they qualified for aid.