The Leeds Grenville Poverty Reduction Alliance wants to make it easier for lower-income families to save for their children’s education. The Canada Learning Bond provides each eligible child with up to $2000 in contributions toward a Registered Education Savings Plan. However,due to low awareness, over 1.5 million children across Canada (almost 70% of those eligible) have not yet received their Bond.
The Poverty Reduction Alliance has partnered with SmartSAVER to offer a new online Canada Learning Bond application called Start My RESP. SmartSAVER Executive Director May Wong explains how they help.