As of Jan. 1, 2022, young Canadians who were born in 2004 or later and did not receive the Canadian Learning Bond (CLB) as children can apply for it when they turn 18 years old until the day before they turn 21.
"The Canada Learning Bond is now available to more students than ever before, and I encourage all young Canadians to learn more about the bond and find out whether they are eligible for up to $2,000 to pursue the education, the career, and the future they want," said Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion in a press release.
Approximately two-thirds of children born in 2004 or later are eligible for at least $500 through the CLB, up to $2,000 per eligible child.
Post-secondary education continues to be an important asset for young people entering the workforce: an apprenticeship, trade school, college, university, or CEGEP. The CLB can be used to help pay for education costs.
"To build the workforce we need, and to give everyone a fair shot at participating in it, education has to be accessible and affordable to all Canadians. That is why the Government is committed to ensuring that all Canadians are aware of and able to access the financial support they are entitled to," said Qualtrough.
