 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond; K# O+ m) c/ [5 X, W
The Federal Government, in the 2004 Budget, introduced the Canada Learning
1 e' k% H+ ?, H+ I$ X1 c \Bond. The Bond is aimed at helping low-income families save for their children’s
3 K* i& Z; s) opost-secondary education pursuits. Beginning in 2004, each child born to lowincome
# D$ a# Q. A }5 efamilies, those earning $35,000 or less and who are also entitled to receive
0 V @0 J6 V& |( |the National Child Benefit, will receive a $500 Canada Learning Bond.
+ R: }3 a7 S5 @ N; tAssuming a child remains qualified for the Canada Learning Bond, the child will
9 w3 {' X i/ z; w" q# Xcontinue to receive $100.00 in each subsequent year in Canada Learning Bond) o6 J! c: i* e$ @
installments. The Federal Government projects that the Canada Learning Bond will8 H2 e( j( S; u
carry a cost of up to $85 million this year and up to 120,000 children will benefit$ w, u9 z5 z, P; p* L. }0 r
from the program2. The government says a child living in a low-income household
( O' U: E3 }% L4 [9 N4 ncould receive up to $2,000 for their education.$ o* n* ]/ P& b; J% |7 ^
Additionally, in terms of post-secondary education and low-income families, the
8 t/ T1 h3 }, ^& c2 T# Ogovernment has introduced a new one-time grant of up to $3,000 for first-year$ j& s+ e2 t8 J: T/ r1 {
students whose family income hovers around $35,000 or less a year.
( b- k$ ^" D, z4 x3 l | ZAlberta Centennial Education Savings Plan Act
1 U3 I+ u+ s0 ~) ~8 O( M1 m& yDuring the 2004 Spring Sitting, the Alberta Government introduced and
# ?( Q- [" h0 K$ W" bsubsequently passed the Alberta Centennial Education Savings Plan Act. The5 t; P3 `- W3 G$ @+ e
program created by the Act is available only to residents of Alberta who have- b0 q/ q5 b$ Q/ ~
children born after January 1, 2005 (Alberta’s Centennial). The program, at first
2 n X- @# {7 {9 K" Tglance, seems quite simple in scope but it does have many intricate details that,
3 L9 T! v/ ~ T, R0 w$ tonce communicated, reveal a complicated program that relies on proactive parents) `5 s/ t( Y) t. M. v* P
to absorb the full benefit of the program.) p' o2 w' K: T$ G
Alberta residents, who have a baby born on January 1, 2005, or after, will be' B& @9 N* c) \. n. J+ y# U" o
eligible for a $500.00 grant toward the baby’s established RESP. The grant will
+ E7 t' {+ W* |4 konly be awarded if a RESP is established within the first year of the baby’s birth2 U% C9 c4 }4 N% f' R. M- W: U
(though Alberta Learning is looking to extend this deadline to two years or, albeit
& Z h: l' T, F4 Eunlikely, extending the deadline until the baby has reached their first year of
( u& x# P6 N$ C' |3 s6 zschooling). Should a year elapse and the parents do not arrange an RESP account,
2 T+ v' s1 i0 @; Kfor the baby, then the baby will not receive the $500.00 grant, period. Subsequent
( t! [8 O. v# r& O2 V, F$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of
8 m3 W% \+ v5 m( L4 c5 Rthose grants will require parents to provide matching dollars to qualify. These
$ b9 R! S$ d, J' l; a# ?. Q5 `" _" Pgrants are awarded with the same limitations and restrictions as the initial $500.00
0 S. G3 l" u+ B5 B/ qgrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|