 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
2 X) q+ D# p+ H2 J& A+ D T; @The Federal Government, in the 2004 Budget, introduced the Canada Learning
* D4 g3 f B# zBond. The Bond is aimed at helping low-income families save for their children’s$ `- C. `2 x# y3 z
post-secondary education pursuits. Beginning in 2004, each child born to lowincome7 L% Q' c; O" B/ o/ ^/ v" `! r
families, those earning $35,000 or less and who are also entitled to receive
" v0 B: t6 c" u3 _the National Child Benefit, will receive a $500 Canada Learning Bond.
7 T# a. B0 i6 {: cAssuming a child remains qualified for the Canada Learning Bond, the child will
9 [5 j' V" o# Z9 {continue to receive $100.00 in each subsequent year in Canada Learning Bond
( i/ r$ a0 A$ P" t4 J8 e; k4 \installments. The Federal Government projects that the Canada Learning Bond will
$ r( G+ K. s! Acarry a cost of up to $85 million this year and up to 120,000 children will benefit) d! K) q; k. n+ L+ \
from the program2. The government says a child living in a low-income household4 c) P. q7 k. h- Q4 ]* K! X7 V
could receive up to $2,000 for their education.* r$ j) o! t7 O8 j( T& @8 w0 t1 }0 x
Additionally, in terms of post-secondary education and low-income families, the: `; {% I# M# F0 Y [
government has introduced a new one-time grant of up to $3,000 for first-year7 ?3 L6 s2 d' ~ z- i
students whose family income hovers around $35,000 or less a year.+ l2 l" T- |: [0 [
Alberta Centennial Education Savings Plan Act$ z; p2 n2 k( G5 e( B
During the 2004 Spring Sitting, the Alberta Government introduced and
4 ?8 ?1 [+ h' z4 N- |subsequently passed the Alberta Centennial Education Savings Plan Act. The
: Z% G3 T& |$ |# e# t' C+ jprogram created by the Act is available only to residents of Alberta who have6 m& K5 e2 {( a1 O( N" A% v" q) [
children born after January 1, 2005 (Alberta’s Centennial). The program, at first
0 f' G W# e. ]. m) v, P( dglance, seems quite simple in scope but it does have many intricate details that," v7 [6 L& `+ D6 B5 ]
once communicated, reveal a complicated program that relies on proactive parents
0 R# o$ R- e& G0 \to absorb the full benefit of the program.; a: i* g! p3 m% M
Alberta residents, who have a baby born on January 1, 2005, or after, will be5 C8 V+ I8 L Y1 n3 @. f
eligible for a $500.00 grant toward the baby’s established RESP. The grant will7 ]2 X" U" c& |$ f3 T# h6 h
only be awarded if a RESP is established within the first year of the baby’s birth
) `' X5 p% D' d1 O. Y5 }(though Alberta Learning is looking to extend this deadline to two years or, albeit
, \+ K" p2 N6 u& v: | Wunlikely, extending the deadline until the baby has reached their first year of5 l" u% _5 W; X7 G3 t5 j# {: Y
schooling). Should a year elapse and the parents do not arrange an RESP account,' ~' o- o; c( ], \# p. Y9 ^* r& I
for the baby, then the baby will not receive the $500.00 grant, period. Subsequent
* t; d7 ?+ L8 [7 b$ h- M P* ]$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of
) ]4 d: a2 P+ ?' q! b# Hthose grants will require parents to provide matching dollars to qualify. These
% r: f0 S$ B- t2 V6 rgrants are awarded with the same limitations and restrictions as the initial $500.00
0 Z! o3 E# T$ ]% I/ g" j; }9 U- Z# H( egrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|