 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
" ?# w7 p) K9 uThe Federal Government, in the 2004 Budget, introduced the Canada Learning3 n V. X$ h6 m$ {1 p
Bond. The Bond is aimed at helping low-income families save for their children’s
r2 f; f( T) c* zpost-secondary education pursuits. Beginning in 2004, each child born to lowincome' ]7 B7 f% a( N) l
families, those earning $35,000 or less and who are also entitled to receive
" n' L5 t: b. _* T0 r5 Cthe National Child Benefit, will receive a $500 Canada Learning Bond.
* q$ [+ E3 \, ~; s* s4 ~Assuming a child remains qualified for the Canada Learning Bond, the child will/ G4 b+ P6 Q N5 x1 L3 W6 `- k* q
continue to receive $100.00 in each subsequent year in Canada Learning Bond
4 K. L1 l# I5 f9 \installments. The Federal Government projects that the Canada Learning Bond will
5 H' I! r# a; r4 acarry a cost of up to $85 million this year and up to 120,000 children will benefit
2 D9 O5 t; q) r, V' Mfrom the program2. The government says a child living in a low-income household6 h# Q% B; g1 T" B
could receive up to $2,000 for their education.
& e2 B3 U9 D- w6 M2 w# a" I- ^Additionally, in terms of post-secondary education and low-income families, the# {2 I' I/ Q3 p
government has introduced a new one-time grant of up to $3,000 for first-year3 G: n A6 o. K5 [9 H( B) m
students whose family income hovers around $35,000 or less a year.$ {/ W+ I! d) J0 f- d5 w
Alberta Centennial Education Savings Plan Act! }) d, R% p4 T8 g5 z2 d# d* t% ~
During the 2004 Spring Sitting, the Alberta Government introduced and7 X% i% a1 x. A5 |
subsequently passed the Alberta Centennial Education Savings Plan Act. The/ B6 q* d8 S) R* ~5 L' a
program created by the Act is available only to residents of Alberta who have
: c7 I: R# z" echildren born after January 1, 2005 (Alberta’s Centennial). The program, at first9 W/ R3 i; @" z* w j# d/ e
glance, seems quite simple in scope but it does have many intricate details that," {2 k3 \9 l2 F5 Z. F$ E1 B
once communicated, reveal a complicated program that relies on proactive parents. E) v) G% X- m" K: v4 ~
to absorb the full benefit of the program.
& m7 z g. R& a. {- a% z$ ^Alberta residents, who have a baby born on January 1, 2005, or after, will be0 U: [; [4 q, [# s }: _
eligible for a $500.00 grant toward the baby’s established RESP. The grant will7 x) W0 I* q2 T4 E, F, ~) u
only be awarded if a RESP is established within the first year of the baby’s birth
: w/ p$ S: z4 t- n. d$ ~(though Alberta Learning is looking to extend this deadline to two years or, albeit
2 C2 p6 f' r% K: hunlikely, extending the deadline until the baby has reached their first year of$ ~7 n3 a! t/ u8 |4 C) ]
schooling). Should a year elapse and the parents do not arrange an RESP account,* t# X* \9 T) j# {: L- }
for the baby, then the baby will not receive the $500.00 grant, period. Subsequent
* h9 O6 H0 J, W/ r8 W$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of8 [, B8 D% S- C6 l3 M
those grants will require parents to provide matching dollars to qualify. These
) |4 h2 [! X5 U( [1 E7 dgrants are awarded with the same limitations and restrictions as the initial $500.00
& q) f* |' H! \! i4 j3 n' cgrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|