Did you know that to save for your kids’ future education the government will give you money? Yes, free money. Depending on your income and child’s age, you can get up to $2,000! It's called the Canada Learning Bond. This video shows you how easy it is to apply for the money using SmartSAVER’s online application.
SmartSAVER is a non-profit organization working with communities to make it easier for lower-income families to save for their kids’ future education using the Canada Learning Bond. SmartSAVER partners with financial institutions to make the Canada Learning Bond and RESPs more accessible through an online application starter called Start My RESP. Families and public caregivers can use Start My RESP to start a no-cost, no-fee RESP. Start My RESP is a quick and user-friendly tool with support in five languages—Spanish, French, Mandarin, English, and Punjabi—that provides an easy way for families to access the Canada Learning Bond.
Find out more about SmartSAVER: http://www.smartSAVER.org
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About the Canada Learning Bond
The Canada Learning Bond is a Government of Canada kick-start contribution into the RESP of an eligible child. All eligible children receive an initial $500 and an additional $100 for each year they continue to meet the requirements, up to age 15 or to a maximum total contribution of $2,000.
Children born January 2004 or later and whose family has ever received the National Child Benefit Supplement are eligible. Children in care who receive the Children’s Special Allowance also qualify.