Canada Learning Bond (CLB)
The Student Financial Assistance office has created a high-level summary of the recently announced Canada Learning Bond (CLB).
Disclaimer: The information on this page is subject to change. Please review the original sources of information under Resources.
Note: The CLB does not need to be reported when applying for the Ontario Student Assistance Program (OSAP).
Last updated: February 17, 2022
What is it?
The Canada Learning Bond (CLB) is money that the Government adds to a Registered Education Savings Plan (RESP) for children from low-income families. This money helps to pay the costs of a child’s full-time or part-time studies after high school at the following:
- Apprenticeship programs
- Trade schools
Personal contributions to a RESP are NOT required to receive the CLB.
To be considered for CLB, you need to do the following:
- Gather personal information.
- Contact a participating RESP promoter to open an RESP.
- Check that the CLB is deposited in the RESP.
For more information, please visit Canada Learning Bond Application Details (external link, opens in new window) .