Starting today, the Canada Child Benefit will be increased for the 2020–21 benefit year to keep pace with the cost of living.
The maximum benefit will be $6,765 per child under age 6 and $5,708 per child age 6 through 17.
A family with two children under the age of 6 and an income of $30,000 will receive $13,530. That is $252 more than last year and $3,080 more than in 2015, before the introduction of the Canada Child Benefit.
This new increase will be on top of the one-time additional $300 per child qualified CCB recipients received with their May 20 payment as part of the Government’s response to COVID-19.
“This additional tax-free support ensures that the benefit continues to play a vital role in supporting Canadian families by helping to pay for things their children need such as healthy food, clothes and activities they can do together at home,” said Honourable Ahmed Hussen, Minister of Families, Children and Social Development
“Parents know how expensive raising a child can be. This means more money tax-free in the pockets of Canadian families each month.”
