 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
1 @! a, P! j* ^/ T6 X! B4 |# ZThe Federal Government, in the 2004 Budget, introduced the Canada Learning; E/ c* j: a3 Q K! D2 {
Bond. The Bond is aimed at helping low-income families save for their children’s
# d2 w* t5 N4 [% I( Vpost-secondary education pursuits. Beginning in 2004, each child born to lowincome
# K2 J" y) q4 q% E4 o4 T7 afamilies, those earning $35,000 or less and who are also entitled to receive. } |( f$ m5 t
the National Child Benefit, will receive a $500 Canada Learning Bond.) c ~% r/ U6 \' w4 d y7 S
Assuming a child remains qualified for the Canada Learning Bond, the child will
: k) D# N) B1 E! V. f$ v7 }5 zcontinue to receive $100.00 in each subsequent year in Canada Learning Bond) k* M1 S' A A' I- Q4 C- L: ^/ Y8 p
installments. The Federal Government projects that the Canada Learning Bond will
8 ~4 y7 m7 m* r: D7 F: \9 @2 ocarry a cost of up to $85 million this year and up to 120,000 children will benefit
, G6 _' M1 c+ Q6 p! M; |! {( v wfrom the program2. The government says a child living in a low-income household
. v4 O4 K( |( H( T7 \) Tcould receive up to $2,000 for their education." n8 n5 P1 {8 U1 _! N5 d
Additionally, in terms of post-secondary education and low-income families, the
1 G2 Y* D6 X$ vgovernment has introduced a new one-time grant of up to $3,000 for first-year+ K' c3 B" s- d* n) j
students whose family income hovers around $35,000 or less a year.
B7 ]! [& S: {5 r9 K, N) @4 v8 _5 EAlberta Centennial Education Savings Plan Act
3 g2 m6 Q7 X6 FDuring the 2004 Spring Sitting, the Alberta Government introduced and. }( \+ c+ }0 v" g a/ G$ C; a( A
subsequently passed the Alberta Centennial Education Savings Plan Act. The
5 }3 p1 M. y# U ^program created by the Act is available only to residents of Alberta who have
1 W% c- F2 W! x2 t A e6 `children born after January 1, 2005 (Alberta’s Centennial). The program, at first
+ ?. Y0 U8 ?0 C6 A1 V hglance, seems quite simple in scope but it does have many intricate details that,, b$ B d' O; E
once communicated, reveal a complicated program that relies on proactive parents$ j$ Z: T _6 z' c7 [5 ` {
to absorb the full benefit of the program.: i( f& y6 p$ a
Alberta residents, who have a baby born on January 1, 2005, or after, will be
: j, z- b9 s1 U( Celigible for a $500.00 grant toward the baby’s established RESP. The grant will9 a# q6 Q6 `( V" n& d
only be awarded if a RESP is established within the first year of the baby’s birth
" i- S7 Z% ~1 }) w0 i(though Alberta Learning is looking to extend this deadline to two years or, albeit
# I/ x5 w; \; H6 M% |# Sunlikely, extending the deadline until the baby has reached their first year of
. F: I* J0 X3 l' u3 ischooling). Should a year elapse and the parents do not arrange an RESP account,0 t6 C6 K. ?+ F
for the baby, then the baby will not receive the $500.00 grant, period. Subsequent
6 Z n3 P& k, [) B8 A$ w$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of; C, q2 H7 z; E
those grants will require parents to provide matching dollars to qualify. These
% W- y* `8 o! v2 Kgrants are awarded with the same limitations and restrictions as the initial $500.00
# k' _ j/ C1 igrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|