The federal government has unveiled details of the planned boost to the Canada Child Benefit for 2020-2021.
Families, Children and Social Development Minister Ahmed Hussen made the announcement today, saying the increase to the Canada Child Benefit (CCB) will keep pace with the cost of living.
For the 2020–21 benefit year, the increase means the maximum benefit will be $6,765 per child under age six and $5,708 per child age six through 17.
“For example, a family with two children under the age of six and an income of $30,000 will receive $13,530,” reads the example provided by the government. “That is $252 more than last year and $3,080 more than in 2015, before the introduction of the Canada Child Benefit.”
Other payment examples provided include:
A two-parent family with two children aged four and nine, and earning $55,000, will receive an additional $174 for 2020–2021, bringing their new yearly total benefit to $9,329, and;
A two-parent family with two children under the age of six and earning $90,000 will receive an additional $136 for 2020–2021, bringing their new yearly total benefit to $7,322.
