Worth itGrantOpen
Canada Learning Bond (CLB)
ESDC · Federal
In plain language
$500 the first eligible year plus $100/yr up to age 15 — max $2,000 — into an RESP for kids in lower-income families. No family contribution required to claim. Child must be born on or after Jan 1, 2004. Zero-effort money that many NL families miss: tens of thousands of eligible kids nationally don't have an RESP opened. Not applicable to businesses — listed so family-side tools in the app can flag it to users.
Realistic range
$500 – $2,000
Avg award
$1,500
Max advertised
$2,000
Cost share
—
Accessibility
5 / 5
Effort
1 / 5
Deadline
Continuous intake
Repayable?
No
Who qualifies
Entity types
Individual
Sectors
Education
Regions
NL Wide
Demographics prioritized
Youth
What you'll have to report
Held by RESP promoter; paid into the RESP when claimed; no ongoing reporting from family.