 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
d* i( S5 S) p& h. ?The Federal Government, in the 2004 Budget, introduced the Canada Learning# `# P; ^2 N7 [: w
Bond. The Bond is aimed at helping low-income families save for their children’s* U; |& k/ B1 f) |& X/ o
post-secondary education pursuits. Beginning in 2004, each child born to lowincome; {4 }& V- W0 a. f7 ?5 X4 L, r
families, those earning $35,000 or less and who are also entitled to receive
9 o9 ^& `3 g" o; z* H1 U) Sthe National Child Benefit, will receive a $500 Canada Learning Bond./ |& g/ C) c9 }
Assuming a child remains qualified for the Canada Learning Bond, the child will; {# S! e V/ V) Y3 L+ i6 R) M
continue to receive $100.00 in each subsequent year in Canada Learning Bond
' n# c7 h1 h4 G) W5 ginstallments. The Federal Government projects that the Canada Learning Bond will
- O s5 p( A$ X: a# J0 w" d2 vcarry a cost of up to $85 million this year and up to 120,000 children will benefit+ j& m$ t5 O5 l; Y) U6 V
from the program2. The government says a child living in a low-income household% q/ a6 O3 o# J; |
could receive up to $2,000 for their education.0 m" J, s2 I3 s( z! t: I, G
Additionally, in terms of post-secondary education and low-income families, the
! u; r, |- B! o. H+ V0 Egovernment has introduced a new one-time grant of up to $3,000 for first-year; C! g9 L# y8 k: U
students whose family income hovers around $35,000 or less a year.
$ T. [, ^. J- g0 Q. k/ h8 V! NAlberta Centennial Education Savings Plan Act4 a4 Z. r) d2 ^
During the 2004 Spring Sitting, the Alberta Government introduced and
: n5 x& f9 O! S* B8 n( g! A A& Usubsequently passed the Alberta Centennial Education Savings Plan Act. The
( n5 q$ f6 d( X/ f& r; {1 @+ \1 {7 [% b sprogram created by the Act is available only to residents of Alberta who have
0 L6 z2 `/ {# _0 b$ ichildren born after January 1, 2005 (Alberta’s Centennial). The program, at first0 d. W8 s: f0 U
glance, seems quite simple in scope but it does have many intricate details that,
8 ~0 J* X* `( t: M# ]# p4 konce communicated, reveal a complicated program that relies on proactive parents
3 r5 f: r2 @: F1 w' Cto absorb the full benefit of the program.' i2 }) x7 h6 c3 R6 n- H/ r
Alberta residents, who have a baby born on January 1, 2005, or after, will be
( _4 G+ W% E: |' b( neligible for a $500.00 grant toward the baby’s established RESP. The grant will# J. c0 }3 A% R5 ]& O& a& y2 a0 o1 t
only be awarded if a RESP is established within the first year of the baby’s birth
& W# X: O1 j3 W" D) z4 a0 ^(though Alberta Learning is looking to extend this deadline to two years or, albeit3 K5 t5 @ h3 g
unlikely, extending the deadline until the baby has reached their first year of
" e) A. m4 K5 F& H' t0 A; U1 X( k5 d% ]schooling). Should a year elapse and the parents do not arrange an RESP account,7 w! [, F7 U* n% K: |
for the baby, then the baby will not receive the $500.00 grant, period. Subsequent3 g0 g. I1 d# _3 A. f
$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of+ c0 O# ?. O& M$ { L
those grants will require parents to provide matching dollars to qualify. These# G' R$ b; f8 _" m/ V
grants are awarded with the same limitations and restrictions as the initial $500.00
$ I+ S- | m+ t! D8 Tgrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|