Canada Child Benefit is going up this summer
The Canada Child Benefit will go up this summer.
The federal Liberal government has announced they will be increasing the benefit program three months before going to the polls in October.
Minister of Families, Children and Social Development Jean-Yves Duclos announced the increase today saying it will come into effect July 20th.
"The cost of raising children keeps increasing. If we want our children, our beautiful children to have a fair chance in life, to have the best possible start in life, then their parents need to have the support that they need, and that they deserve," Duclos said at his second announcement about the increase in Richmond Hill, Ont.
And that cost which is high and increasing needs to be acknowledged by the federal government," he said.
The new maximum yearly benefit will be $6,639 per child under the age of 6, and $5,602 per child aged 6 through 17.
That means that families will be receiving between $12 and $30 more a month than they receive under the current system.
This move, while being unveiled now, was planned for in the 2018 federal budget.
For more details on the program click here.