Le Lézard
Classified in: Business
Subjects: CHI, ECO, CFG

Increased Canada Child Benefit means more money for middle-class families


Bigger Canada Child Benefit payments start now

NAPANEE, ON, July 18, 2019 /CNW/ - Helping middle-class Canadian families provide the best start in life for their children is a top priority for the Government of Canada. That's why, in July 2018, the Canada Child Benefit (CCB) was increased two years ahead of schedule to keep up with the cost of living. The CCB is targeted at middle-class families and the people working hard to join it. It currently provides more money to 9 out of 10 families than previous child benefit programs.

Today, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, announced that, starting now, the CCB will be raised to keep up with the cost of living. This means that for the 2019?20 benefit year, the maximum benefit will be $6,639 per child under age 6, and $5,602 per child aged 6 through 17.

For example, a single mother with two children under the age of 6 and an income of $30,000 will receive an additional $286 tax-free for the upcoming benefit year. This means up to $13,278 in support every year.

Thanks to the CCB, parents have more money to help pay for things such as healthy food, sports programs and music lessons for their children. Increasing the CCB will ensure that it continues to give all Canadian families a fair chance to succeed.

Quotes

"Today's announcement means that Canadian parents will have more money in their pockets?up to $143 more tax-free per child. Parents have told me how much this means when the family budget is already stretched, but their son has a growth spurt or their daughter's day camp fees are due. Increasing the CCB once again demonstrates our government's vital role in supporting those families who really need it most."
? The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development

"On this third anniversary of the Canada Child Benefit, we are celebrating helping families in situations where a bit of extra money is really making a difference. Tax filing opens the door to benefits and credits, and we will continue to make it easier for Canadians to access the support to which they are entitled."
? The Honourable Diane Lebouthillier, Minister of National Revenue

"From day one, we have been working hard to ensure that parents across Napanee and surrounding area have the money they need to help with the high cost of raising a family. Three years later, I have seen time and again the important impact this has had to lift kids out of poverty and help middle class families. And, the great thing about the Canada Child Benefit is the positive impact it has on spending for things like recreational activities so our communities' summer camps, kids' music-related activities, and children's sports leagues are benefitting as well."
 ? Mike Bossio, MP for Hastings-Lennox and Addington

Quick Facts

Associated Links

Canada Child Benefit 
Canada Revenue Agency

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SOURCE Employment and Social Development Canada


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News published on 18 july 2019 at 13:45 and distributed by: