top of page

Canada Child Benefit Boost: Increased Payments Arrive This Friday




This Friday, Canadian families will receive the latest installment of the Canada Child Benefit (CCB), a federal initiative designed to support low and middle-income families with the rising costs of child-rearing. Eligible for this non-taxable monthly payment are Canadian citizens, permanent residents, or refugees who are primary caregivers of children under 18. Introduced in 2016, the amount each family receives depends on their net income and the number of children they have. Families earning less than $34,863 annually qualify for the maximum benefit, which provides up to $7,437 per child under six and $6,275 for children aged six to 17 each year. This translates to monthly payments of up to $619.75 and $522.91, respectively. Adjusted annually every July for inflation, the benefit saw a 6.3% increase this year. Applications can be submitted online, by mail, or through a child’s birth registration. The next payment is scheduled for May 17.






Opmerkingen


bottom of page