Canada Learning Bond available for C-K children

Many families in Chatham-Kent recently received a letter from the Government of Canada about the Canada Learning Bond, letting them know that their child or children are eligible for up to $2,000 each to help them when they go to college, university, trade school or apprenticeship.

Municipal officials say people have asked, “Is this for real?” and the answer is yes.

“There is money waiting for approximately 8,000 children in Chatham-Kent and registration events are being held to help families access it,” Municipal officials said in a media release.

To book an appointment, call 519-351-8573.

Families can open an RESP at a financial institution of their choice.

Registration events are occurring across Chatham-Kent:

Monday – Nov. 19 – Walpole Island – Governance Building

Tuesday – Nov. 20 – Ridgetown – Public Library

Wednesday – Nov. 21 – Wallaceburg – Community Health Center

Thursday – Nov. 22 – Blenheim – Public Library

Friday – Nov. 23 – Chatham – WISH Center

Municipal officials say the Canada Learning Bond (CLB) is money that the Government of Canada deposits directly into an RESP, up to $2,000 per child born after December 31, 2003.

“Applying for and receiving the Canada Learning Bond will not affect any other benefits that a person or an eligible child receives,” Municipal officials said.

“A family does not have to add their own money to the RESP. However if they do, the Government will add additional grant money through the Canada Education Savings Grants.”

Why is this important:

– We want our children to be prepared for future career choices.

– Education prepares children for future jobs.

– Compared to the province, Chatham-Kent has a lower percentage of people who hold a post-secondary certificate, diploma or degree.

– By promoting the CLB, we are saying education is valuable for employment, health and quality of life.

– Education isn’t getting any cheaper: Planning ahead is the best way to prepare for post-secondary education.

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