 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
9 Q( v. v- _8 Z+ S$ e+ k& x+ v, J+ M0 JThe Federal Government, in the 2004 Budget, introduced the Canada Learning
$ D; i+ m d! L2 ]0 mBond. The Bond is aimed at helping low-income families save for their children’s
+ W4 i% [ E' \post-secondary education pursuits. Beginning in 2004, each child born to lowincome/ w1 G: G$ `- u' O
families, those earning $35,000 or less and who are also entitled to receive5 d0 x9 K* ?5 x5 s) @
the National Child Benefit, will receive a $500 Canada Learning Bond.& [" c; u9 t# g. M# w0 x4 K
Assuming a child remains qualified for the Canada Learning Bond, the child will) N! ]! z; W2 |9 C
continue to receive $100.00 in each subsequent year in Canada Learning Bond
( O/ T( L7 p: h! ^/ t$ v sinstallments. The Federal Government projects that the Canada Learning Bond will% s6 T% W& v; m2 ?7 N& n$ E4 u
carry a cost of up to $85 million this year and up to 120,000 children will benefit
0 F1 q/ c1 [3 a+ _' M' S, O4 \7 n* Rfrom the program2. The government says a child living in a low-income household8 i, O0 W, t# b; e: x
could receive up to $2,000 for their education.: t% w( y5 _. Z B; e
Additionally, in terms of post-secondary education and low-income families, the
+ D! H* D1 j; e: } Vgovernment has introduced a new one-time grant of up to $3,000 for first-year
0 } X5 W8 M' S; ]8 y) O2 C. ystudents whose family income hovers around $35,000 or less a year.
2 E3 x, C& `. e5 q9 B( X# v% KAlberta Centennial Education Savings Plan Act
7 S0 i4 J0 H; a- ^8 p. GDuring the 2004 Spring Sitting, the Alberta Government introduced and
, E4 X; r' g s8 Dsubsequently passed the Alberta Centennial Education Savings Plan Act. The
# }% _# N0 M! g0 S7 k' q4 ^program created by the Act is available only to residents of Alberta who have
0 S0 \) C3 g9 ^children born after January 1, 2005 (Alberta’s Centennial). The program, at first9 \3 N6 }' g/ b# N
glance, seems quite simple in scope but it does have many intricate details that,$ ?1 N% U( m9 w' O+ c8 n: K
once communicated, reveal a complicated program that relies on proactive parents
3 q9 Y4 c% N7 rto absorb the full benefit of the program.0 w" t; G; o e @$ q
Alberta residents, who have a baby born on January 1, 2005, or after, will be
+ d/ \% t+ g) n9 J" }! ^eligible for a $500.00 grant toward the baby’s established RESP. The grant will+ p; N2 A. V) X, d( L
only be awarded if a RESP is established within the first year of the baby’s birth
% V( l7 Q3 {) U$ |# F# z* _* }(though Alberta Learning is looking to extend this deadline to two years or, albeit
$ y0 |/ D! b5 w- Runlikely, extending the deadline until the baby has reached their first year of
* e* j, n$ z' Dschooling). Should a year elapse and the parents do not arrange an RESP account,
: U- u1 E; g! L ]( p! l. `0 Rfor the baby, then the baby will not receive the $500.00 grant, period. Subsequent& H0 D3 } t9 L5 e) u; n
$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of2 |5 R7 V, X4 E2 Z1 o
those grants will require parents to provide matching dollars to qualify. These0 n3 q% j2 s/ k& ?
grants are awarded with the same limitations and restrictions as the initial $500.00
/ J( b9 Y/ U1 {' @5 Hgrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|