Notice #772 – Revised Income Brackets for the Canada Learning Bond (CLB) for the July 1, 2018 to June 30, 2019 Benefit Year
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Information bulletin
Number: CESP/PCEE-2018/19-002-772
Date: June 12, 2018
Subject: Revised Income Brackets for the Canada Learning Bond (CLB) for the July 1, 2018 to June 30, 2019 Benefit Year
Previous bulletin or notice
This information bulletin updates notice # 702 - Canada Learning Bond Eligibility criteria amendments.
Purpose
The purpose of this information bulletin is to inform promoters and trustees that the income brackets used, in part, to determine eligibility for the CLB have been indexed for the July 1, 2018 to June 30, 2019, benefit year.
Background
The CLB is subject to section 6 (1) of the Canada Education Savings Act which uses, in part, the adjusted income of a beneficiary’s individual primary caregiver to determine eligibility for the CLB. These amounts are indexed yearly, based on inflation.
The Canada Revenue Agency has released the 2018 indexation adjustment for personal income tax and benefit amounts. Due to this indexation adjustment, income brackets for the CLB eligibility have been established for July 1, 2018 to June 30, 2019 benefit year.
Adjusted Income Bracket for the 2018-2019 Benefit Year
As such, for the July 1, 2018 to June 30, 2019 benefit year, eligibility for the CLB will be based, in part, on the following:
| Number of Children | Adjusted Income Bracket for the 2018-2019 Benefit Year | |
|---|---|---|
| 1 to 3 | Less than or equal to | $ 46,605 |
| 4 | Less than | $ 52,583 |
| 5 | Less than | $ 58,586 |
| 6 | Less than | $ 64,589 |
| 7 | Less than | $ 70,592 |
| 8 | Less than | $ 76,595 |
| 9 | Less than | $ 82,598 |
| 10 | Less than | $ 88,601 |
| 11 | Less than | $ 94,604 |
| 12 | Less than | $ 100,607 |
| 13 | Less than | $ 106,610 |
| 14 | Less than | $ 112,613 |
| 15 | Less than | $ 118,616 |
| 16 | Less than | $ 124,619 |
Note: larger families with higher adjusted incomes may also be eligible for the CLB. Information relating to CLB eligibility for larger families with higher adjusted incomes is available on request.
Contact us
If you have any questions regarding this information bulletin, please contact us by e-mail at cesp-pcee@hrsdc-rhdcc.gc.ca or call at 1-888-276-3624. Our hours of operation are from 8:00 to 17:00 Eastern Time.