Increased Canada Child Benefit payments coming July 2019
QUISPAMSIS, NB, May 21, 2019 /CNW/ - Helping hard-working middle-class families provide the best start in life for their children is a top priority for the Government of Canada. 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.
Today, the Honourable 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.
Quote
"The Canada Child Benefit has helped millions of middle-class Canadian families since its creation in 2016. Today's announcement means more money in the pockets of Canadians—up to $143 more per child than last year. Increasing the CCB once again demonstrates our government's commitment to ensuring that this tax-free benefit continues to help the middle class and the people working hard to join it."
– The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development
"Every week I talk to families who are finding life much more affordable because of the Canada Child Benefit. In fact here in Fundy Royal more than 15,000 children are benefiting each month. Currently, families in our area are receiving an average $510 per month and parents have told me this makes the difference for everything from buying healthy foods to covering sport registration. I thank Minister Duclos for ensuring that the benefit is keeping up with inflation."
– Alaina Lockhart, Member of Parliament for Fundy Royal
Quick Facts
- Across Canada, CCB payments worth $23.7 billion benefit nearly 3.7 million Canadians and their families.
- Over 77,000 families in New Brunswick received nearly $495 million from the CCB in the 2017-18 benefit year.
- The CCB has had a positive impact on families' incomes, playing a key role in reducing child poverty. There were 278,000 fewer children living in poverty in 2017 than there were in 2015.
- The Canada Child Benefit and new initiatives like the Canada Workers Benefit and the Canada Housing Benefit will continue to help the middle class and grow the economy by putting money in the pockets of Canadians.
- The CCB has been recognized by the International Monetary Fund, the Bank of Canada and other experts as a key contributor to helping strengthen Canada's middle class.
- Examples of the new indexation rates for the 2019-20 benefit year:
- A single-parent family with one child aged under the age of 6 and earning $25,000 will receive an additional $143 for the upcoming benefit year. Bringing their new yearly total to $6,639.
- A two-parent family with two children aged 4 and 9 and earning $55,000 will receive an additional $354 for the upcoming benefit year. Bringing their new yearly total to $9,017.
- A two-parent family with two children under the age of 6 and earning $90,000 will receive an additional $263 for the upcoming benefit year. Bringing their new yearly total to $7,090.
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SOURCE Employment and Social Development Canada
For media enquiries, please contact: Valérie Glazer, Press Secretary, Office of the Honourable Jean-Yves Duclos, P.C., M.P., Minister of Families, Children and Social Development, 819-654-5546; Media Relations Office, Employment and Social Development Canada, 819-994-5559, [email protected]
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