 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond3 Z1 D) y% Y3 @' P7 g! X" J
The Federal Government, in the 2004 Budget, introduced the Canada Learning' F/ z t$ X* F. W% f
Bond. The Bond is aimed at helping low-income families save for their children’s' u$ y4 |4 _: T( s# G/ {# D: @
post-secondary education pursuits. Beginning in 2004, each child born to lowincome# M& w( O! X7 M5 q+ j
families, those earning $35,000 or less and who are also entitled to receive4 _# T/ p$ E( ^2 C
the National Child Benefit, will receive a $500 Canada Learning Bond.
( j; `. y" P0 _' L aAssuming a child remains qualified for the Canada Learning Bond, the child will
8 h& T. _, F' i% D5 Pcontinue to receive $100.00 in each subsequent year in Canada Learning Bond1 e, f: P* D0 u6 D. n, S
installments. The Federal Government projects that the Canada Learning Bond will
2 c, N) l5 ?" s2 @* F5 Lcarry a cost of up to $85 million this year and up to 120,000 children will benefit
3 F' q1 {0 \! p: ]6 Cfrom the program2. The government says a child living in a low-income household' a5 t7 [7 p; f& A% t; l: z
could receive up to $2,000 for their education.2 f2 Z( {, ~$ N, T. w
Additionally, in terms of post-secondary education and low-income families, the
7 ^0 i- y. J: b/ D! d8 a$ x$ e% t$ Sgovernment has introduced a new one-time grant of up to $3,000 for first-year
, r+ `0 Z1 a$ P% s; K# Kstudents whose family income hovers around $35,000 or less a year.
7 {# A6 E$ M" N, RAlberta Centennial Education Savings Plan Act
. U5 L0 ~' _3 k' M; W" c# X( n9 xDuring the 2004 Spring Sitting, the Alberta Government introduced and
& [2 `7 y$ N& e' M: Y# X+ psubsequently passed the Alberta Centennial Education Savings Plan Act. The
$ n* A: @, B3 kprogram created by the Act is available only to residents of Alberta who have
, F s( e& r$ i# b2 X+ dchildren born after January 1, 2005 (Alberta’s Centennial). The program, at first
8 t: d: w1 w' `* y5 |4 Y: gglance, seems quite simple in scope but it does have many intricate details that,
# C. L0 a% |( H. _ t" tonce communicated, reveal a complicated program that relies on proactive parents
1 c: }' l- j4 ^5 p5 g6 q$ wto absorb the full benefit of the program." I3 d3 a9 H7 b7 L+ Z/ c B6 A
Alberta residents, who have a baby born on January 1, 2005, or after, will be8 H2 ]/ y' ^6 s* k4 j% C
eligible for a $500.00 grant toward the baby’s established RESP. The grant will7 D A; @, a {* c7 m% v$ P
only be awarded if a RESP is established within the first year of the baby’s birth" e, z0 {; _) b" p$ }8 `# P$ V* H
(though Alberta Learning is looking to extend this deadline to two years or, albeit0 @7 v0 Z- C$ b1 ]/ x! z
unlikely, extending the deadline until the baby has reached their first year of
% n# B8 L d$ U3 tschooling). Should a year elapse and the parents do not arrange an RESP account,+ f) E6 o4 p) ]+ l
for the baby, then the baby will not receive the $500.00 grant, period. Subsequent
" `' I3 F3 B! h: u) i6 U$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of
( N8 e. m6 P; k* Sthose grants will require parents to provide matching dollars to qualify. These
5 O4 @3 x$ i6 W/ Z: y8 y; Vgrants are awarded with the same limitations and restrictions as the initial $500.00
1 ~( e! C9 A6 l/ egrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|