What is Canada Learning Bond?

Legal Definition
The Canada Learning Bond (CLB) is a grant paid by the government of Canada to assist low-income families with saving money for their children's post-secondary education. The CLB relies primarily on the National Child Benefit (NCB) program to determine which families may be eligible and the tax regulations for the Registered Education Savings Plan (RESP) to guide the eventual use of the CLB funds.
-- Wikipedia
Legal Definition
The Canada Learning Bond (CLB) is a grant paid by the government of Canada to assist low-income families with saving money for their children's post-secondary education.