 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
! {" R( U. j* X6 GThe Federal Government, in the 2004 Budget, introduced the Canada Learning
5 Q _$ x* N2 H, L1 EBond. The Bond is aimed at helping low-income families save for their children’s* U, I) p$ o3 R1 T
post-secondary education pursuits. Beginning in 2004, each child born to lowincome! ]$ V5 W; k" S5 u! J* U2 ?
families, those earning $35,000 or less and who are also entitled to receive
. O" `9 M, h" }/ ithe National Child Benefit, will receive a $500 Canada Learning Bond.
0 \, Y- q/ @- _* kAssuming a child remains qualified for the Canada Learning Bond, the child will
. R* e) J* d# U3 V V3 h& ]; ~! H! fcontinue to receive $100.00 in each subsequent year in Canada Learning Bond" l' H7 Y' @6 V) x, o" y
installments. The Federal Government projects that the Canada Learning Bond will6 }$ ?2 M+ C2 j. _
carry a cost of up to $85 million this year and up to 120,000 children will benefit. D+ F M5 N8 u
from the program2. The government says a child living in a low-income household
t( [9 k# [ U( W. O% m" Mcould receive up to $2,000 for their education.
9 v' R- G* ^% C m( cAdditionally, in terms of post-secondary education and low-income families, the* i, Y d5 \2 S3 n; T9 Q) ^
government has introduced a new one-time grant of up to $3,000 for first-year
3 V+ u; G2 s% @3 ^! S/ Astudents whose family income hovers around $35,000 or less a year.
0 B" o' C# d M+ pAlberta Centennial Education Savings Plan Act
7 B: H( U3 t! O; FDuring the 2004 Spring Sitting, the Alberta Government introduced and
( s2 r. S) L- W/ [3 h3 psubsequently passed the Alberta Centennial Education Savings Plan Act. The
( j1 `7 X) |; S( ~! |program created by the Act is available only to residents of Alberta who have/ V. P; l) W- I; s& w( Z
children born after January 1, 2005 (Alberta’s Centennial). The program, at first3 \5 c- ^. L2 b8 M0 n
glance, seems quite simple in scope but it does have many intricate details that,
( W% t: T/ Z* ^9 ponce communicated, reveal a complicated program that relies on proactive parents4 N. x) M% U I K M/ q
to absorb the full benefit of the program.6 ?7 d+ k* x3 O- Q% @
Alberta residents, who have a baby born on January 1, 2005, or after, will be
3 G- c+ Z4 W2 t1 heligible for a $500.00 grant toward the baby’s established RESP. The grant will
8 e5 K6 A& I5 G0 K; P" I& c& lonly be awarded if a RESP is established within the first year of the baby’s birth3 \& G, q$ w0 v% l3 V: N: d
(though Alberta Learning is looking to extend this deadline to two years or, albeit' G, B3 h( z8 z8 d2 [/ ^
unlikely, extending the deadline until the baby has reached their first year of$ U7 R0 f9 b6 f& {2 S6 f- T* t
schooling). Should a year elapse and the parents do not arrange an RESP account,# G' n6 \- k( G. ]# i
for the baby, then the baby will not receive the $500.00 grant, period. Subsequent" @0 U% N& x- ^# o5 Q5 ~" w9 q
$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of
* s( G5 l" ^6 Y0 p# ^, s' Ithose grants will require parents to provide matching dollars to qualify. These! Q ^6 k9 \3 B2 O# p- `
grants are awarded with the same limitations and restrictions as the initial $500.00
. U8 q7 w: U0 x! E) H$ U# C0 Ngrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|