 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond+ t, y7 p( c1 [4 j* J, E x
The Federal Government, in the 2004 Budget, introduced the Canada Learning1 }' A x [1 @' E- \9 L
Bond. The Bond is aimed at helping low-income families save for their children’s+ ~; Y3 c f8 P; t
post-secondary education pursuits. Beginning in 2004, each child born to lowincome
9 S# c7 a: C0 A- \8 F+ x# m8 Dfamilies, those earning $35,000 or less and who are also entitled to receive
5 N9 Z, o4 u( f( N, A# `* Lthe National Child Benefit, will receive a $500 Canada Learning Bond.4 G% I8 q4 J& [; ~" \
Assuming a child remains qualified for the Canada Learning Bond, the child will7 J |* c7 h0 k# o/ A9 [2 ] m% `0 x% L! u
continue to receive $100.00 in each subsequent year in Canada Learning Bond
, r2 {2 t% y' @( [! iinstallments. The Federal Government projects that the Canada Learning Bond will
& ?. |8 A* K; w3 ~carry a cost of up to $85 million this year and up to 120,000 children will benefit' l, w. Y. Z1 {( Y
from the program2. The government says a child living in a low-income household
8 I' v0 d/ ^6 R+ z5 Dcould receive up to $2,000 for their education.. D+ z3 O5 {, O$ v2 J
Additionally, in terms of post-secondary education and low-income families, the
! d; U) r9 l |, @; F5 I! `! cgovernment has introduced a new one-time grant of up to $3,000 for first-year. T( Z C3 z5 r# p/ s' F
students whose family income hovers around $35,000 or less a year.
: b% P! J9 o3 O9 R7 W1 h8 j' A0 e' gAlberta Centennial Education Savings Plan Act
1 {$ I7 S8 y5 W0 W. Y1 [During the 2004 Spring Sitting, the Alberta Government introduced and" V3 [1 a% {$ o1 ?- v; x. _+ X. L7 [( K
subsequently passed the Alberta Centennial Education Savings Plan Act. The
1 T% V: J1 F( Mprogram created by the Act is available only to residents of Alberta who have
( y1 h: Y6 t6 H1 D; zchildren born after January 1, 2005 (Alberta’s Centennial). The program, at first
6 n! x4 r; {8 `8 t: h3 C1 hglance, seems quite simple in scope but it does have many intricate details that,- ?# y6 P3 Z5 b4 q
once communicated, reveal a complicated program that relies on proactive parents
o$ L5 i* \+ c. z" U5 w! Mto absorb the full benefit of the program.
$ i! A3 c; X/ ?5 V) BAlberta residents, who have a baby born on January 1, 2005, or after, will be0 u9 {% O. ]1 w* D$ @" [' Z
eligible for a $500.00 grant toward the baby’s established RESP. The grant will, Y& r3 A1 g" f+ ^
only be awarded if a RESP is established within the first year of the baby’s birth
2 r6 _0 r% b1 b7 Q2 K. |(though Alberta Learning is looking to extend this deadline to two years or, albeit: q0 i$ O p7 q8 m/ F/ o4 I$ N1 u
unlikely, extending the deadline until the baby has reached their first year of
* F j. B+ e" g! n S7 uschooling). Should a year elapse and the parents do not arrange an RESP account,
% x+ i* o; ` J6 O4 l. ? C2 Bfor the baby, then the baby will not receive the $500.00 grant, period. Subsequent, i: n% x. v3 @+ m. i: ]
$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of# z1 u8 `8 [4 H3 f' h, u7 g
those grants will require parents to provide matching dollars to qualify. These1 J) e e i/ A( _. D# d$ D1 L
grants are awarded with the same limitations and restrictions as the initial $500.00
: L% k# Y! y* ?" V3 Pgrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|