CCB increased on it’s fourth anniversary
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ONTARIO—The Federal Government is once again increasing the Canada Child Benefit (CCB) for the 2020-21 benefit year.
Starting today the CCB will be increased to in an attempt to keep pace with the cost of living. The increase is on top of the one-time additional $300 per child qualified CCB recipients received with their May 20 payment as part of the government’s response to COVID-19.
“Parents know how expensive raising a child can be. That is why I am pleased to announce on the 4th anniversary of the Canada Child Benefit, that it is again going to be raised. This means more money tax-free in the pockets of Canadian families each month.”—The Honourable Ahmed Hussen, Minister of Families, Children and Social Development
The increase means that for the 2020-21 benefit year, the maximum benefit will be $6,765 per child under the age of six and $5,708 per child age six through 17.
