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Government of Canada making post-secondary education more accessible and affordable
The Canada Learning Bond is available for eligible children from low-income families born in 2004 or later, and provides an initial payment of $500 plus $100 for each year of eligibility, up to age 15, for a maximum of $2000. The Canada Learning Bond take-up rate has steadily increased from 0.3% in 2005 to 38.3% in 2018. In 2018, 690,559 beneficiaries received $172 million in CLB, with 149,532 children receiving the incentive for the first time.
Tags: participation, poverty, standard of living, youth
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