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Is the Canada Learning Bond reaching its target? – BPM

New research reveals significant disparities in the program’s effectiveness for low-income families

In a study, the CST Foundation and The Social Research and Demonstration Corporation (SRDC) examined the Canada Learning Bond’s (CLB) impact on Canadian families’ post-secondary education savings.

This research investigated the efficacy of the CLB, initiated in 2004 to boost education savings for Canadian children from low-income households.

To qualify for the CLB, children need to have a Registered Education Savings Plan (RESP). The CST Foundation, with its expertise in education savings, identified key questions about the CLB’s impact and partnered with SRDC to address these questions using data from four sources managed by Statistics Canada.

Read More: https://www.benefitsandpensionsmonitor.com/news/industry-news/is-the-canada-learning-bond-reaching-its-target/383835

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