 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond* m& i# I# p$ s3 z! X8 I5 T
The Federal Government, in the 2004 Budget, introduced the Canada Learning+ Y' I% X* X0 w6 U' n0 P. ~7 j
Bond. The Bond is aimed at helping low-income families save for their children’s
' ^: X V+ m, E; ^post-secondary education pursuits. Beginning in 2004, each child born to lowincome
" z; b9 ]: b% [/ ]7 F4 p- zfamilies, those earning $35,000 or less and who are also entitled to receive
% k( x' [# C( w! T( p8 P3 Q/ [the National Child Benefit, will receive a $500 Canada Learning Bond.( i, ~1 q5 b% i6 x2 w" Z7 l
Assuming a child remains qualified for the Canada Learning Bond, the child will4 K8 d. B* l% b% x
continue to receive $100.00 in each subsequent year in Canada Learning Bond5 m9 H j: p* w" F y# e
installments. The Federal Government projects that the Canada Learning Bond will; u4 |3 I% k: t
carry a cost of up to $85 million this year and up to 120,000 children will benefit
: N7 h5 a, j9 w$ [. x8 A4 e# zfrom the program2. The government says a child living in a low-income household
* L& t5 O' i$ u9 Z. J% u) C `5 H; mcould receive up to $2,000 for their education.
8 b& A6 }$ x- |+ i0 o: u4 W+ _Additionally, in terms of post-secondary education and low-income families, the
/ t& K5 D! N0 Xgovernment has introduced a new one-time grant of up to $3,000 for first-year
' O2 c( V0 t* _4 y% ~students whose family income hovers around $35,000 or less a year.$ ~0 u9 S" T/ p# N+ t' j# {! ^1 @ I
Alberta Centennial Education Savings Plan Act
/ V% d k. \& T% E" _During the 2004 Spring Sitting, the Alberta Government introduced and) G, I3 e. i# D$ D# Y3 k
subsequently passed the Alberta Centennial Education Savings Plan Act. The
4 G, |1 [7 v% d: ?/ ^/ Tprogram created by the Act is available only to residents of Alberta who have
( \- M9 e+ \ ^5 e1 H# `, W: Z$ q- Qchildren born after January 1, 2005 (Alberta’s Centennial). The program, at first# C) U X0 Y- W$ W5 e1 x
glance, seems quite simple in scope but it does have many intricate details that,4 @$ ~1 K& N+ e& F6 u) [
once communicated, reveal a complicated program that relies on proactive parents, e6 |2 E' b) B' Z* A3 H* l R5 Q
to absorb the full benefit of the program.
) E' o' ]2 U6 r' a1 S3 rAlberta residents, who have a baby born on January 1, 2005, or after, will be
3 `0 k& I% e4 leligible for a $500.00 grant toward the baby’s established RESP. The grant will
5 P6 S& N, ]" w2 Q; [! Ponly be awarded if a RESP is established within the first year of the baby’s birth
) A G; \0 u( W$ ~(though Alberta Learning is looking to extend this deadline to two years or, albeit
# |- c' K- F* b, Sunlikely, extending the deadline until the baby has reached their first year of- B8 T2 U% q6 E- N" f+ o) ~1 T
schooling). Should a year elapse and the parents do not arrange an RESP account,
0 X0 E: Y1 _6 U. j2 K% U" [for the baby, then the baby will not receive the $500.00 grant, period. Subsequent# [: `1 s. b" \: I5 A
$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of
9 e9 n/ G3 q1 G& r3 Mthose grants will require parents to provide matching dollars to qualify. These
- ^2 k% T1 S6 O7 |) v, {: Tgrants are awarded with the same limitations and restrictions as the initial $500.00
& {5 J/ s" e% Bgrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|