Our daily blog offers selected news of interest to SmartSAVER’s stakeholders and shines a light on the creative ways that communities are promoting the Canada Learning Bond. Stay up to date, read what others are doing and share your own story.


We hope our blog will create conversation and support the exchange of ideas.

We’d love to hear from you! Tell us about your CLB promotion or share tips to engage eligible families. Do you have a question for the community? Submit your stories, ideas and questions to info@SmartSAVER.org and we’ll share it on our blog.

SmartSAVER Program Highlights 2016-2017

Canada Learning Bond enrollment and take-up rate continue to improve

Most recent Federal statistics (to June 30, 2017) show continued progress in CLB enrollment and take-up rate. Earlier in 2017, we celebrated the 1,000,000th child to receive a Canada Learning Bond (CLB). The CLB take-up rate across Canada is now nearing 36% and two provinces – BC and Quebec – have surpassed 40% take-up!

SmartSAVER’s partners get results

TDSB partner launch event

TDSB partner launch event

Behind the enrollment gains are the determined efforts of many community agencies, government programs and financial organizations who are raising awareness and helping families, one by one, to receive their children’s Bonds.

SmartSAVER partners with over 70 organizations across Canada.
Together, we’ve facilitated over 10,000 CLB applications through SmartSAVER’s online application. Partner and applicant surveys indicate:

• An 85% RESP opening rate among online applicants;
• A 72% success rate in applicants receiving the Canada Learning Bond;
• An $825 median value of Canada Learning Bond received; and
• 100% satisfaction among partners for SmartSAVER’s service and online application.

New research points to the impact of education savings

Omega FDN Parkin Research ImageIn a new study we published this year, researcher Andrew Parkin concluded:

“The link between family savings for PSE [post-secondary education] and PSE access and completion is clear, as is the link between savings and attitudes such as expectations for a child’s educational success. Research is now beginning to demonstrate that this link is more than just a correlation, but is also causal; that it is the presence of the savings that impacts the attitudes and behaviours.”

The Federal budget supports CLB enrollment

This year, with the support of our partners, SmartSAVER called on the Federal government to make funding available for community-based outreach and education. Our efforts succeeded with announcement in the 2017 Federal budget of $12.5 million over six years, starting in 2017-18. Funding will help more low-income families benefit from the Canada Learning Bond by working with community organizations and businesses to explore new ways to increase awareness of the program and reduce barriers to access. Contact the Canada Education Savings Program for more information.

Thank you to our foundation and financial institution partners

Partner fi

Thank you to our community partners (click on the thumbnail to view a larger image)Partner Logo Compilation


Saskatchewan Families Should Hurry. Provincial RESP Grant Stops at the end of 2017.

On March 23, 2017, the CESP issued the following notice to RESP promoters: Saskatchewan Advantage Grant for Education Savings (SAGES) Announcement Information Bulletin

This information bulletin is to advise Registered Education Savings Plan (RESP) promoters of a temporary suspension of the Saskatchewan Advantage Grant for Education Savings (SAGES).

On March 22, 2017, the Government of Saskatchewan announced a temporary suspension of SAGES payments into RESPs. You will find the related press release on the government of Saskatchewan web page.

Key dates
SAGES will be suspended, effective January 1, 2018. This means that SAGES will not be paid on contributions made to an RESP after December 31, 2017. The province anticipates that SAGES will resume when the province’s financial situation improves.

Promoter impact
Until more information becomes available, promoters should continue their administration of SAGES as usual. The Canada Education Savings Program (CESP) will continue to work in close collaboration with the Government of Saskatchewan and will advise promoters of any related developments.

If you have any questions regarding this information bulletin, please contact the CESP by e-mail at cesp-pcee@hrsdc-rhdcc.gc.ca or call at 1-888-276-3624. Our hours of operation are from 8 a.m. to 5 p.m. Eastern Time.

Source: Canada.ca. ESDC InfoBulletins: RESP, CESG, and the Canada Learning Bond. March 23, 2017.

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