Improving Understanding of the Canada Learning Bond
The Canada Learning Bond (CLB) is a potential contribution of up to $2,000 per child from the federal government to the Registered Education Savings Plans of children from low-income families. It can be used to offset the costs of the child’s later study in apprenticeship programs, CEGEPs, trade schools, colleges, and universities. This project sets out to better understand the CLB by answering three research questions concerned with variation in access by birth cohort, household income, and geographical factors, as well as the degree to which CLB is associated with overall and education-specific savings behaviour among parents.
The three questions are:
- What is the allocation of CLB funds to families by birth cohort and household income?
- What can current data tell us about the catalytic impact of the CLB on education savings, broken down by birth cohort and household income?
- What are the specific barriers to accessing the CLB among rural Canadians?
SRDC is analyzing data from Statistics Canada including the Survey of Approaches to Educational Planning, Canada Education Savings Program files linked to the 2016 Census and a potential second linkage focused on the Longitudinal Administrative Database.
Project Details
Published: November 2023
Capability: Policy Research - Data Sciences
Policy Area: Access and Persistence - Student Financial Aid
Population: Low-income Populations - Students - Youth - Children
Other Related Projects
Youthworx Evaluation
SRDC is conducting a comprehensive and participatory evaluation of Futureworx’s forthcoming Youthworx program, supported through Employment and Social Development Canada’s Youth Employment and Skills…
Read More
Strategic Evaluation and Learning Support for the Future Skills Centre 2025
Since 2020, the Future Skills Centre (FSC) has supported the development, refinement, or expansion of approaches to developing skills for workers from a variety…
Read More
Skilled4Success Program Evaluation
BGC Canada supports Clubs across the country who provide safe, supportive places and programs where children and youth can experience new opportunities, overcome barriers,…
Read More
