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After high school, your child can withdraw the money to help pay for either full-time or part-time studies at the following types of schools:
To learn more about these options, visit the CanLearn Website.
You or your child are able to withdraw the CLB money from an RESP account once your child has accomplished the following:
To withdraw the money, you must give the following to your RESP provider:
If your child decides not to continue their education after high school, you have options for what to do with the money in their RESP account. Visit the CanLearn Website to learn more.
There are a few limits on how you can use the money the Government puts in your child’s RESP account. All the money gained from the CLB and CESG must be used on post-secondary school expenses like tuition, books, and transportation. There are no limits to how you spend the money you put into the account.
For more information, check out the list of Frequently Asked Questions
After you've opened your account, your money will grow until your child is ready to use it. Congratulations on preparing your child for an education after high school!
Click here for a certificate to celebrate!
Download and print this .pdf document as a handy checklist for your RESP process
Open it here.Your child can use his or her CLB money at schools outside of Canada.
See which schools are eligible.When your child takes money out of the account, it will be taxed depending on their level of income. Usually, this is either zero or a very small amount.