You can get up to $2,000 in free education money...REALLY! All you have to do is open a Registered Education Savings Plan (RESP). You don't have to put any of your money into the plan to get this money from the Government of Canada. When you open an RESP, the Government will deposit $500 right away and could deposit up to $1,500 more by the time your child is 15. That's up to $2,000 for your child’s education after high school.
Your child can get the Canada Learning Bond if your child was born January 1, 2004 or after AND your family receives the National Child Benefit Supplement
Get your child's Canada Learning Bond today!
To get the Canada Learning Bond you have to start an RESP account with a licensed RESP provider where the Government can deposit the money. You and your child both need to have a Social Insurance Number to register an education savings plan.
The Canada Learning Bond can only be used for post-secondary education. Your child must USE IT OR LOSE IT! If your child does not continue education after high school, the Government will take the Canada Learning Bond back.
Find out more from the Government of Canada's Canada Learning Bond brochure.
Even if your child doesn't qualify for the Canada Learning Bond, you can still get money from the Government for your child's education. Find out about the Canada Education Savings Grant.