Learn about CLB

Free money for your child's education

The Canada Learning Bond (CLB)

Open an RESP

Get $500 just for opening an RESP with us, even if you don't set up regular contributions.

We apply for the CLB

We automatically apply for the CLB for you, and any other grants you’re eligible for.

You get up to $2,000

Eligible families get an extra $100 every year, up to $2,000—no strings attached!

Wondering if you qualify for the CLB?

The CLB provides an additional $2,000 per child to help families with modest incomes save for education.

If your child doesn’t qualify for the bond when you open the RESP, you can apply later if your circumstances change. For example, if you go on maternity leave, your temporarily lower income may qualify you for the CLB.

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Start an RESP today

Use our online tool to see how much your child could have if you start saving for them today.