Contents
- (1) Subject to this Act and the regulations, on application to…
- (1.1) Notice — automatic enrolment
- (1.2) Opening of registered education savings plan by Minister
- (1.3) Exception
- (1.4) For greater certainty
- (2) Amount of bond
- (2.1) Formula
- (2.2) Annual adjustment
- (2.3) Adjustment for a benefit year
- (2.4) Restriction
- (3) Meaning of benefit year
- (4) Designation
- (5) Additional payment
(2.4)A Canada Learning Bond is, other than for the purposes of section 14 of the Canada Education Savings Regulations, not to be paid in respect of any beneficiary
(a)more than once in the beneficiary’s lifetime under paragraph 6(2)(a); and
(b)more than once in respect of a benefit year under paragraph 6(2)(b).
Federal laws of Canada reproduced under the Reproduction of Federal Law Order (SI/97-5); not the official version. Source: Justice Laws Website.