 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond8 Z f3 v" A0 C9 c% F( Z/ s
The Federal Government, in the 2004 Budget, introduced the Canada Learning: z5 M/ D8 T k0 w* D% p$ a! Y
Bond. The Bond is aimed at helping low-income families save for their children’s3 v8 ^9 ?% B; n u% e% X
post-secondary education pursuits. Beginning in 2004, each child born to lowincome
: G% e/ n5 b; U5 V8 _7 rfamilies, those earning $35,000 or less and who are also entitled to receive$ b+ o2 _" f- I4 N1 P& m6 B
the National Child Benefit, will receive a $500 Canada Learning Bond.& k4 Q+ i8 k+ M6 ?
Assuming a child remains qualified for the Canada Learning Bond, the child will6 u2 o1 t! Z2 ` l; Q$ u! c
continue to receive $100.00 in each subsequent year in Canada Learning Bond3 ~) k7 F* g; G& |
installments. The Federal Government projects that the Canada Learning Bond will; \! s' D! w7 |" N) U; ~
carry a cost of up to $85 million this year and up to 120,000 children will benefit
( k2 l- n* }* W; }from the program2. The government says a child living in a low-income household
6 ~+ |2 U( M) H! j9 G+ ^& lcould receive up to $2,000 for their education.8 Z) R- z n* |$ |. w% c! |; t
Additionally, in terms of post-secondary education and low-income families, the
( Z# q+ Q8 M( ^& egovernment has introduced a new one-time grant of up to $3,000 for first-year
5 ?; _( F+ x2 _1 w% m. s8 d9 fstudents whose family income hovers around $35,000 or less a year.
" \7 N( @0 Q+ F+ e$ a- K' ^$ V6 `1 sAlberta Centennial Education Savings Plan Act p7 z3 ]4 Q: S1 _
During the 2004 Spring Sitting, the Alberta Government introduced and$ i# W$ `3 ^$ O$ M% ]4 f, `- W
subsequently passed the Alberta Centennial Education Savings Plan Act. The' q" H2 {! E5 ^1 Q5 L" K+ ^9 ]& ^& d
program created by the Act is available only to residents of Alberta who have* r R8 m/ Y1 a+ J. h: X# Q; w
children born after January 1, 2005 (Alberta’s Centennial). The program, at first- Z1 Q7 d' \: M6 B
glance, seems quite simple in scope but it does have many intricate details that,
( H; f5 B: g; n( ]0 O& sonce communicated, reveal a complicated program that relies on proactive parents
( [% O' i5 C8 X8 ]0 o7 x( kto absorb the full benefit of the program.
4 }6 ~5 a; U# X+ YAlberta residents, who have a baby born on January 1, 2005, or after, will be
/ ^8 X' \0 S6 _; t% g0 I4 ?3 R+ l# A; ?eligible for a $500.00 grant toward the baby’s established RESP. The grant will/ k1 X4 n7 [+ y; w7 E7 l' p
only be awarded if a RESP is established within the first year of the baby’s birth( z2 g4 I# d% P* \# g' U
(though Alberta Learning is looking to extend this deadline to two years or, albeit
8 K: \. v% ?8 d: Y/ r! `- qunlikely, extending the deadline until the baby has reached their first year of
) W/ h1 s7 b' gschooling). Should a year elapse and the parents do not arrange an RESP account,
3 P& z/ h( s q% r& `for the baby, then the baby will not receive the $500.00 grant, period. Subsequent
4 M) n w& Q8 ^1 b- J. n. ?$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of
5 O; ^$ n# [1 Z4 jthose grants will require parents to provide matching dollars to qualify. These7 }7 y& o' x4 s5 [; a: d, [
grants are awarded with the same limitations and restrictions as the initial $500.00
- c; ^# ]' g, r, \- ^. T- Mgrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|