 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond% N! h3 s6 ?, H! V) b
The Federal Government, in the 2004 Budget, introduced the Canada Learning
* l; Z! h1 E9 _Bond. The Bond is aimed at helping low-income families save for their children’s2 K& k; Q9 m1 J' v
post-secondary education pursuits. Beginning in 2004, each child born to lowincome
& H0 x G9 e* S% k+ I( b$ f& dfamilies, those earning $35,000 or less and who are also entitled to receive* ]5 y9 \ K! N5 J2 A
the National Child Benefit, will receive a $500 Canada Learning Bond.
8 j' V# K7 G- J( GAssuming a child remains qualified for the Canada Learning Bond, the child will
& d& U; n" }+ V- Pcontinue to receive $100.00 in each subsequent year in Canada Learning Bond
7 X, h- X4 ~- z' Z: `; Y% f. `installments. The Federal Government projects that the Canada Learning Bond will2 J5 q3 z/ M" N8 s2 ]# e1 g( r
carry a cost of up to $85 million this year and up to 120,000 children will benefit
6 D1 Z+ F3 H) B6 bfrom the program2. The government says a child living in a low-income household* w3 [! l, |5 d! a' V
could receive up to $2,000 for their education.
4 n9 A: C7 i$ C0 j2 HAdditionally, in terms of post-secondary education and low-income families, the+ X3 _, l2 N" f
government has introduced a new one-time grant of up to $3,000 for first-year
z& f$ J! O0 z [& K; k% `students whose family income hovers around $35,000 or less a year.
2 e& m& h% k# {1 h$ wAlberta Centennial Education Savings Plan Act" Y7 M# C" L% t- h- V! {- _3 m
During the 2004 Spring Sitting, the Alberta Government introduced and
; T/ ~ V+ r# i s+ C5 ?# a J1 Xsubsequently passed the Alberta Centennial Education Savings Plan Act. The
" T9 _" s. n' \) X4 k0 p4 sprogram created by the Act is available only to residents of Alberta who have- B9 y& ^- N* T4 T4 s+ j
children born after January 1, 2005 (Alberta’s Centennial). The program, at first
; W6 Y2 c5 e" c$ W% w" Pglance, seems quite simple in scope but it does have many intricate details that,
$ J! i b0 t. e% }9 q5 C1 k% Q# Xonce communicated, reveal a complicated program that relies on proactive parents
7 h X# \1 b; ?to absorb the full benefit of the program./ ]$ h; i$ {2 T8 S2 O9 k
Alberta residents, who have a baby born on January 1, 2005, or after, will be. Z- a+ I N5 c' x4 s
eligible for a $500.00 grant toward the baby’s established RESP. The grant will$ z" v0 I% `; M% e
only be awarded if a RESP is established within the first year of the baby’s birth
+ L; H+ i( `8 q0 v: B(though Alberta Learning is looking to extend this deadline to two years or, albeit
: N: R7 d( D# d: ` [+ Sunlikely, extending the deadline until the baby has reached their first year of1 `2 `% K4 d; I. W$ ?
schooling). Should a year elapse and the parents do not arrange an RESP account,
- B' `+ y' F" M+ O1 Kfor the baby, then the baby will not receive the $500.00 grant, period. Subsequent( f9 E' P2 t; U' z% F) W
$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of/ j- s" S3 A8 n! r* i0 O
those grants will require parents to provide matching dollars to qualify. These
8 C0 u5 g% p2 O. ~- D* K: @2 Kgrants are awarded with the same limitations and restrictions as the initial $500.005 s, L6 |( v+ u' _" }) u
grant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|