An RESP for your child... No matter your income!
If your child is eligible to the Canada Learning Bond (CLB), Kaleido offers you a no-charge, no-obligation registered education savings plan (RESP)! This plan is opened for the sole purpose of receiving this grant.1. Your child could receive up to $2,000 without you having to invest a single penny!2
What is the CLB?
The Canada Learning Bond is money that the Government of Canada adds to an RESP for children from low-income families.
For your child to receive the CLB, you simply need to open an RESP for free, without any obligations to make contributions1.
Be born on or after January 1, 2004.
Be a resident of Canada.
Have a valid Social Insurance Number (SIN).
Be named in an RESP.
Be from a financially eligible family given its limited income (e.g. low wages, unemployment, large family, maternity leave, single parent, etc.).
CLB eligibility is based on the adjusted family net income of the child’s primary caregiver (including the spouse’s income) and the number of eligible children in a family. Talk to one of our scholarship plan representatives to know if your family could be eligible.
Here are some case scenarios where families could be eligible for the CLB:
Juliet and Alexander are proud of their parents, self-employed workers who decided to live off their passion, even if it meant a lower income.
Julia is a single mom raising her two- and four-year-old sons with one income.
Ana and Jordan recently settled in the province of Quebec with their three children. They are currently looking for a job.
Download your fact sheet on the Canada Learning Bond and have all the useful information at your fingertips!
1. Certain conditions apply; please see our prospectus.
2. For a child born after December 31, 2003, from a financially eligible family. CLB Eligibility is reviewed yearly.
3. Canada Education Savings Grant (CESG) from 20 to 40 % and Québec Education Savings Incentive (QESI, only in the province of Québec) from 10 to 20 %. Based on the adjusted family net income. The maximum annual amount poured in CESG is $600 and $300 in QESI. The lifelong maximum amount contributed per beneficiary is $7,200 in CESG and $3,600 in QESI. Certain conditions may apply. Refer to our prospectus.
4. Please see our prospectus for the complete list of eligible programs of study. Subject to standards established by Canada’s Income Tax Act. Some conditions apply.