Clients with children up to age 17 who receive the Canada Child Benefit (CCB) will see the benefit increase in July to reflect inflation. The indexed CCB was increased in July 2018 and will likewise be raised on July 20, 2019, the government said today in a release. As stated in the federal budget released in March, CCB annual increases are about 1.7%.<doc-sep>Clients with children up to age 17 who receive the Canada Child Benefit (CCB) will see the benefit increase in July to reflect inflation. The indexed CCB was increased in July 2018 and will likewise be raised on July 20, 2019, the government said today in a release. As stated in the federal budget released in March, CCB annual increases are about 1.7%.<doc-sep>Increase to Canada Child Benefit will mean an extra $350 for a two-parent family with an income of $55,000 TORONTO – Months before the fall federal election, families in Canada will get some extra financial help from the Trudeau government. Social Development Minister Jean-Yves Duclos says starting July 20, the money sent out under the Canada Child Benefit will rise, in order to keep up with the cost of living. “If we want our children … to have a fair chance in life, then their parents need to have the support that they need and that they deserve.” The increase will mean an extra $350 for a two-parent family with an income of $55,000 and two kids. “It all helps pay for quality food, for grocery bills, for summer camps … for the cost of clothing,” Duclos said. Their total benefit for the year will be more than $9,000. The benefit works on a sliding scale, so those who need it most will get more cash. The yearly payments can be as high as $13,000. The government claims this benefit has helped the country hit its lowest-ever child poverty rate.<doc-sep>BARRIE, ON, May 6, 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, 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. 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 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 Quick Facts Across Canada , CCB payments worth $23.7 billion benefit nearly 3.7 million Canadians and their families. , CCB payments worth benefit nearly 3.7 million Canadians and their families. More than 1.3 million families in Ontario received nearly $9 billion from the CCB in the 2017–18 benefit year. received nearly 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. and other experts as a key contributor to helping strengthen middle class. Examples of the new indexation rates for the 2019-2020 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 . will receive an additional for the upcoming benefit year. Bringing their new yearly total to . 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 . will receive an additional for the upcoming benefit year. Bringing their new yearly total to . 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 . Associated Link Canada Child Benefit Overview Follow us on Twitter SOURCE Employment and Social Development Canada For further information: 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] Related Links www.hrsdc-rhdsc.gc.ca<doc-sep>
OTTAWA – The federal government has announced they will be increasing the Canada child benefit program this summer, meaning families who qualify across the country will be receiving slightly larger payments just three months before going to the polls. Minister of Families, Children and Social Development Jean-Yves Duclos announced the increase — which will come into effect July 20 — on Monday in Barrie, Ont. "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. As CTV News first reported on Sunday, the increase is being made to keep up with the rising cost of living. 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. The current CCB program began in 2016, providing families with a tax-free monthly payment to help with the cost of raising children under the age of 18. The change marks the second occasion the government has raised the child benefit since it launched. The last increase happened in July 2018 – two years ahead of the scheduled increase. The payments vary from family to family, and are based on income, as well as the number of children. Increasing payments will cost the government more than $24.3 billion. Nearly 3.7 million families receive the benefit, which the Liberals say have brought 278,000 children out of poverty as of 2017. This program has been one of the Liberals’ marquee policies, and it’s expected this boost will be part of the party’s campaign messaging ahead of the next federal election scheduled for Oct. 21. Duclos offered a hint of that Monday, saying: "the former Conservative plan never indexed the cost, never indexed the benefits for children." With files from CTV National News' Kevin Gallagher and CTVNews.ca's Nick Kirmse