Helping hard-working middle-class families provide the best start in life for their children is a top priority for the Government of Canada.
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That is why three years ago the Government launched the Canada Child Benefit (CCB) to help families with the high cost of raising kids.
In July 2018, the CCB was increased to keep up with the cost of living.
This change came two years ahead of schedule to give parents even more money each month to help them provide for their children.
The CCB which is targeted to middle-class families and the people working hard to join the middle class is simpler, tax-free and provides more money to 9 out of 10 families than previous child benefit programs.
Jean-Yves Duclos, Minister of Families, Children and Social Development, and Alaina Lockhart, Member of Parliament for Fundy Royal, announced that starting on July 20, 2019, the CCB will be raised once again 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.
As an example, a single parent with two children under the age of 6 and an income of $30,000 will receive an additional $286 for the upcoming benefit year to keep up with the cost of raising their children.
This means up to $13,278 in support every year.
As another example, a child born today, over the course of 18 years, will receive $49,157 more than before the CCB based on $50,000 family income.
The same family can also access an additional $1,547 thanks to the 5 extra weeks of Employment Insurance Benefits.
Thanks to these changes, a child born in 2019 will receive almost $51,000 more.
Thanks to the CCB, 9 out of 10 Canadian families have more money to help pay for things such as healthy food, sports programs and music lessons.
Increasing the CCB will ensure that it continues to play a vital role in supporting families. ■
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