 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond1 F' D1 S* w1 R2 M
The Federal Government, in the 2004 Budget, introduced the Canada Learning
4 J( K7 J1 B* Q: P0 I$ o) z, FBond. The Bond is aimed at helping low-income families save for their children’s
( ~8 q! U2 C* k+ j9 Q% x) Q0 Apost-secondary education pursuits. Beginning in 2004, each child born to lowincome
7 M2 l9 a* R1 n. ^4 @1 Qfamilies, those earning $35,000 or less and who are also entitled to receive$ M+ S( Y' h. D! r$ A
the National Child Benefit, will receive a $500 Canada Learning Bond.
7 X4 z2 f$ g k/ JAssuming a child remains qualified for the Canada Learning Bond, the child will
% ]/ Y4 ], n( }5 W0 ~continue to receive $100.00 in each subsequent year in Canada Learning Bond
. q# C2 @. ^! s" z0 V' G S/ l/ ~installments. The Federal Government projects that the Canada Learning Bond will" T m; t' s9 Q' q
carry a cost of up to $85 million this year and up to 120,000 children will benefit
8 A2 R$ `, \+ b5 s/ L) k" E4 Vfrom the program2. The government says a child living in a low-income household: V/ r! Z) C0 B, h+ Q9 C
could receive up to $2,000 for their education.
: n# y7 q5 P% }+ F' a* N7 sAdditionally, in terms of post-secondary education and low-income families, the3 ]( Z# _' f( D1 u" k/ T+ r ?
government has introduced a new one-time grant of up to $3,000 for first-year
4 B* n* G. |- C/ ], ^9 d: Z7 fstudents whose family income hovers around $35,000 or less a year.* x) ~; g% ~8 W* V' @0 ~5 L
Alberta Centennial Education Savings Plan Act+ E% F$ j/ t( |, \- }
During the 2004 Spring Sitting, the Alberta Government introduced and$ m" R9 z/ U3 B$ B2 i& S
subsequently passed the Alberta Centennial Education Savings Plan Act. The: w4 t& O N% d
program created by the Act is available only to residents of Alberta who have
! \0 K7 e2 \& u8 Achildren born after January 1, 2005 (Alberta’s Centennial). The program, at first, S( I* x2 Q. G5 `
glance, seems quite simple in scope but it does have many intricate details that,& b( A6 D0 Q: [0 a4 W& y% F1 e
once communicated, reveal a complicated program that relies on proactive parents7 U8 O; K, E F* H% c
to absorb the full benefit of the program.
0 V1 F, k" {* L8 V; c6 [0 M- ?Alberta residents, who have a baby born on January 1, 2005, or after, will be
* f y6 M, b5 w& M) \eligible for a $500.00 grant toward the baby’s established RESP. The grant will
; E! k1 P, f- @+ H( x. Sonly be awarded if a RESP is established within the first year of the baby’s birth% x0 d- T5 s6 G# O$ a; P
(though Alberta Learning is looking to extend this deadline to two years or, albeit3 w t& N$ f! e) n! f6 f
unlikely, extending the deadline until the baby has reached their first year of
. z; v6 \9 B" x# e; c+ Tschooling). Should a year elapse and the parents do not arrange an RESP account,
5 ?1 @2 X! o) vfor the baby, then the baby will not receive the $500.00 grant, period. Subsequent
& e9 G0 `6 t) K6 J' r) q* ?$ D* }$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of
, C$ Q# D9 y$ b* pthose grants will require parents to provide matching dollars to qualify. These
& ^& F6 d& G: A/ b/ ?" dgrants are awarded with the same limitations and restrictions as the initial $500.000 e0 B( }' {" [9 u* O
grant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|