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830 Powers Street, Winnipeg, MB, R2V 4E7| Phone: (204) 586-8061| Fax: (204) 589-2504
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Seven Oaks School Division
Community Begins Here
Feb 24, 2021
School Day 4
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The Canada Learning Bond & RESPs

SmartSaver​Start your child's higher education
savings with FREE MONEY,
that your child is entitled to,
from the Government of Canada!

Open a no-fee, zero contribution Registered Education Savings Plan (RESP) account and apply for the Canada Learning Bond.

Select "Start My FREE RESP" online to complete your application today.

What is an RESP?

An RESP is an education savings account registered with the Government of Canada. It helps you, your family or friends put aside money for your child’s education after high school.

What is the Canada Learning Bond?

The Canada Learning Bond is a grant from the Government of Canada to help kick-start the education savings account of eligible kids with up to $2,000.  Click here to see if you qualify!

What is the Canada Education Savings Grant

It is money that the Government of Canada will add to your RESP savings.  There are two parts to the grant:

  1. Basic Canada Education Savings Grant - where regardless how much money your family makes the Basic Canada Education Savings Grant will give you 20% on every dollar of the first $2500 you save in your child's RESP each year.
  2. Additional Canada Education Savings Grant - where depending on your net family income, you could receive an extra 10% or 20% on every dollar of the first $500 you save in your child’s RESP each year.  This means that for every $10 you save in your child’s RESP, the Government will add an extra $1 or $2.

Make sure to apply for both parts of this grant.