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Is the Canada Learning Bond (CLB) included in the maximum RESP grant?
No, the CLB is not included in this amount.
In fact, the child is entitled to a $7,200 grant, plus a CLB down payment of $500, and, for as long as the child is eligible, $100 per year in subsequent years for 15 years. Thus, the child can benefit from additional amounts of up to $2,000 over the duration of the plan.
For more information, visit the National Bank RESP page.
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