Saving for Education? Invest in an RESP
Take advantage of tax-deferred savings and government grants with Canada’s RESP for your child’s post-secondary expenses. Maximize your returns with RESPs today!
#RESP #Education #Canada
Canajun Finances
Home » Registered Education Savings Plan »
Canada Learning Bond
The Canada Learning Bond (CLB) is an essential aspect of Canada’s Registered Education Savings Plan (RESP). The CLB allows low-income families to build up bonds yearly even without depositing any sums of money in an existing RESP.
RESP Only For the Rich ?
Is the RESP really only for the Rich? Stats Canada has a troubling report that seems to suggest that is actually the case. Most banks will not market this to a lower income family, so they are unaware of the Canada Learning Bond.
RESP Sometimes Doesn’t Make Sense
An RESP seems like a no-brainer in terms of saving for parents, but if you haven’t paid off your own debt (or student loans) does it make sense? Hold on don’t forget about the Canada Learning Bond.
Canada Learning Bond (Frustrations)
The Canada Learning Bond is an important part of the RESP program, however, it is limited to lower income families.
Canada Learning Bond Eligibility and TD RESP
Are you eligible for the CLB or Canada Learning Bond? You need to have a fairly low family income.
