 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
+ {. O3 P, x. N4 j8 K' d, R5 qThe Federal Government, in the 2004 Budget, introduced the Canada Learning
9 }, x9 ^7 N J# D" t9 ?Bond. The Bond is aimed at helping low-income families save for their children’s
8 M3 d9 b% k6 y8 {! \2 x4 z: Opost-secondary education pursuits. Beginning in 2004, each child born to lowincome
* Y' u( I3 I% S( w) W4 Yfamilies, those earning $35,000 or less and who are also entitled to receive) B7 N- n5 T- l$ l5 u+ r
the National Child Benefit, will receive a $500 Canada Learning Bond.5 I6 C3 i3 A0 F3 `- b
Assuming a child remains qualified for the Canada Learning Bond, the child will
/ B& C, z F# G0 E2 l# y( Fcontinue to receive $100.00 in each subsequent year in Canada Learning Bond6 [4 c; E7 g- L/ ~* c! Z# A
installments. The Federal Government projects that the Canada Learning Bond will: D" [* k4 E( Z" n: Q
carry a cost of up to $85 million this year and up to 120,000 children will benefit
5 X# |. d6 a4 }7 mfrom the program2. The government says a child living in a low-income household
3 _$ ~$ p" F( G7 D {8 ^could receive up to $2,000 for their education. ]0 R' Q. O9 @6 X8 h) H
Additionally, in terms of post-secondary education and low-income families, the2 j* P' @6 Q# k( H9 \1 D+ ^
government has introduced a new one-time grant of up to $3,000 for first-year
8 {) M8 b5 v6 ~students whose family income hovers around $35,000 or less a year.
_' h- E- o; O `Alberta Centennial Education Savings Plan Act" S& e; `1 N/ M9 _8 m j, l
During the 2004 Spring Sitting, the Alberta Government introduced and* i" J0 d6 P, r* l
subsequently passed the Alberta Centennial Education Savings Plan Act. The
4 p9 M, b# {* b9 Sprogram created by the Act is available only to residents of Alberta who have! \" W$ u Z# F) w" ]
children born after January 1, 2005 (Alberta’s Centennial). The program, at first
; y9 j6 }# `5 uglance, seems quite simple in scope but it does have many intricate details that,
/ R5 y0 K w# W$ W7 Wonce communicated, reveal a complicated program that relies on proactive parents
7 S. |/ a' {8 F1 I, a) ^1 hto absorb the full benefit of the program./ \( C0 _# N% x4 ?
Alberta residents, who have a baby born on January 1, 2005, or after, will be! M4 v" S1 M4 N5 n! F
eligible for a $500.00 grant toward the baby’s established RESP. The grant will" O9 e* b9 R8 I; f
only be awarded if a RESP is established within the first year of the baby’s birth
) I# t! D5 c y/ t4 y- e3 p(though Alberta Learning is looking to extend this deadline to two years or, albeit
! C( w; m' p# N* dunlikely, extending the deadline until the baby has reached their first year of* @" [) [8 L {. @( ]
schooling). Should a year elapse and the parents do not arrange an RESP account,( | u" Z$ @0 g1 `1 k
for the baby, then the baby will not receive the $500.00 grant, period. Subsequent
, P1 T4 K6 ^0 m2 z. R$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of2 u$ W) k+ s, @
those grants will require parents to provide matching dollars to qualify. These3 f; v( P- l" c! T, i: N( V
grants are awarded with the same limitations and restrictions as the initial $500.00
, E: u# c6 P; k [% _grant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|