The agency did confirm that there is currently no sign of CRA systems having been compromised, “or that there has been unauthorized access to taxpayer information because of this vulnerability.” (1/3) - Canada Revenue Agency Revenue Agency)Īs of Sunday morning, normal services had not yet returned.
As a precaution, we have proactively decided to take our systems offline while we work to apply the appropriate security upgrades to our systems. The CRA has become aware of a security vulnerability affecting organizations around the world. This article’s cover image was used for illustrative purposes only. The Canada Learning Bond - also known as the CLB - offers up to $2,000 towards post-secondary education, without requiring any personal contributions from the account-holder's caregivers or family. The child must be a Canadian resident, have a valid Social Insurance Number and have an eligible RESP in their name.Įligible low-income families who are unable to regularly contribute to a RESP can still access thousands of dollars in federal support for their kids' futures. It's possible to get it for teens aged 16 and 17 too, although there are additional terms. To qualify for the money from the feds, an adult must contribute to a child's RESP before the end of the calendar year in which they turn 15 years old. If no money is put into the account during any given year, the plan holder is allowed to make up contributions in future years.Ī child may also be eligible for an additional 10% to 20% from the CESG in their account, depending on their primary caregiver's income.ĭid you know that the #GC can help you pay for a child\u2019s education after high school? \n \nThe #CLB provides up to $2,000 per eligible child for: \n\n\u2022Apprenticeship programs \n\u2022Colleges \n\u2022Trade schools \n\u2022Universities\n\n\/kg05mwnV6h - Employment and Social Development Canada and Social Development Canada) The CESG adds 20% to the first $2,500 made in contributions to an eligible savings plan each year, which means it's possible to get up to $500 for each year the account is open.Įxactly how much you get from the CESG depends on the contributions made into the account each year. To qualify for the money, Canadian parents must open a Registered Education Savings Plan (RESP), which are specifically designed to save money for a child's future. \n\nThat\u2019s why the #GC provides up to $7.2K per eligible child through the #CESG for: \n\n\u2022Apprenticeship programs \n\u2022Colleges \n\u2022Trade schools \n\u2022Universities \n\n\/I0HukSZyko - Employment and Social Development Canada and Social Development Canada) A post-secondary education is one of the best investments you make in a child\u2019s future.