Eligibility Requirements to Receive CLB
The child you are saving for must be a Canadian resident and have a valid Social Insurance Number (SIN).
A child qualifies to receive the initial $500 CLB if:
Eligibility Requirements to Receive Additional CLB
Your child may qualify for 15 additional $100 CLB instalments until they reach the age of 15, one for each year your family is eligible to receive the National Child Benefit supplement.
Just make a qualified Education Assistance Payment (EAP) withdrawal and you'll receive your CESG plus any income the grant has generated as part of the withdrawal.
Your RESP can stay open for up to 35 years. If the child you've been saving for decides not to attend school, your contributions are returned to you and the CESG can be used toward an eligible sibling's education or returned to the Government of Canada.