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Canada's middle-class families to benefit from Increased child benefits

Canada's middle-class families to benefit from Increased child benefits

India Blooms News Service | @indiablooms | 22 Jul 2019, 04:28 pm

Ottawa, July 22 (IBNS): An announcement to raise the Child Care Benefit (CCB) for the 2019–20 to keep up with the cost of living, was made earlier this week by Harjit Sajjan, Minister of National Defence, media reports said.

This increase reflecting the maximum benefit to be $6,639 per child under age 6, and $5,602 per child aged 6 through 17 would help middle-class Canadian families provide the best start in their children's lives.

“Today’s announcement means that Canadian parents will have more money in their pockets—up to $143 more tax-free per child...Increasing the CCB once again demonstrates our government’s vital role in supporting those families who really need it most,” said Jean-Yves Duclos, Minister of Families, Children and Social Development.

This means 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.

Diane Lebouthillier, Minister of National Revenue said, "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,”

Examples of the new indexation rates for the upcoming 2019–20 benefit year are as follows:

A single-parent family with one child aged below 6 and earning $25,000 will receive an additional $143, bringing their new yearly total benefit to $6,639; a two-parent family with two children aged 4 and 9 and earning $55,000 will receive an additional $354, bringing their new yearly total benefit to $9,017; and a two-parent family with two children under the age of 6 earning $90,000 will receive an additional $263 which will bring their new yearly total benefit to $7,090.

(Reporting by Asha Bajaj)