 鲜花( 5)  鸡蛋( 0)
|
Thanks, here are details.
Canada Learning Bond
0 n5 v& U! r. H' ~ ?The Federal Government, in the 2004 Budget, introduced the Canada Learning
3 r( S8 X8 z" X5 Q) h% ^Bond. The Bond is aimed at helping low-income families save for their children’s
/ x i# l1 @ B/ Z# ^post-secondary education pursuits. Beginning in 2004, each child born to lowincome+ x4 o$ r. h+ f. A
families, those earning $35,000 or less and who are also entitled to receive! G" g' Y1 }0 U) ~$ U9 p: {( m
the National Child Benefit, will receive a $500 Canada Learning Bond.5 G+ T7 I) J3 E5 {7 d4 c
Assuming a child remains qualified for the Canada Learning Bond, the child will
' c' @: m- Y- b2 F/ O! ]0 ~" {continue to receive $100.00 in each subsequent year in Canada Learning Bond
) z9 E% \4 @# {# Ginstallments. The Federal Government projects that the Canada Learning Bond will5 `& }* ?7 L/ @1 U, J6 e1 d
carry a cost of up to $85 million this year and up to 120,000 children will benefit2 O+ L0 @7 F! F6 R/ M+ }
from the program2. The government says a child living in a low-income household
! y8 b, h; q! C0 B8 Tcould receive up to $2,000 for their education.; O0 w3 X$ T" y
Additionally, in terms of post-secondary education and low-income families, the
* W- P4 j8 V7 I4 lgovernment has introduced a new one-time grant of up to $3,000 for first-year
" R! B* `# }8 ?/ V0 H2 fstudents whose family income hovers around $35,000 or less a year." ?0 d' ^6 s: F% T" _
Alberta Centennial Education Savings Plan Act
8 S K# @9 f. y, ?" w0 L' _" q& C% WDuring the 2004 Spring Sitting, the Alberta Government introduced and
+ R [3 o9 r! a& t! m _subsequently passed the Alberta Centennial Education Savings Plan Act. The
5 ]( z; y9 y! x1 s* t+ Y" K" |program created by the Act is available only to residents of Alberta who have( K. \; J2 N e9 {" C( I- ]
children born after January 1, 2005 (Alberta’s Centennial). The program, at first- l( L. g& o+ s( _9 P$ F
glance, seems quite simple in scope but it does have many intricate details that,# B, L# U% o/ E" g: O. {7 o% M
once communicated, reveal a complicated program that relies on proactive parents
2 W$ ~/ ^" ~- ?to absorb the full benefit of the program.. G# v2 m3 m ?
Alberta residents, who have a baby born on January 1, 2005, or after, will be, n* m3 J7 e* a9 ]; H- J
eligible for a $500.00 grant toward the baby’s established RESP. The grant will
0 |2 k- K7 a$ A- f! ^- qonly be awarded if a RESP is established within the first year of the baby’s birth. y& f3 A( G1 L- T. O+ P
(though Alberta Learning is looking to extend this deadline to two years or, albeit
' O4 @2 H, r( O; ]4 k" Gunlikely, extending the deadline until the baby has reached their first year of: d! m* ]) q& g1 c
schooling). Should a year elapse and the parents do not arrange an RESP account,
- C7 \6 z6 b6 Mfor the baby, then the baby will not receive the $500.00 grant, period. Subsequent
% Z1 g) W @: t3 s0 x1 q0 h$100.00 grants are awarded when the child reaches grades 3, 6 and 9. Each of& |: _, ^" c- ^8 o
those grants will require parents to provide matching dollars to qualify. These. J- o8 U- O% x: w8 p; V. e* H& p
grants are awarded with the same limitations and restrictions as the initial $500.00
6 x; _6 i, T, R C$ f; i6 J3 I7 b3 D' ogrant. Potentially, an RESP could receive up to $800.00 in Provincial grant money. |
|