Ottawa, July 21 (Canadian-Media): An announcement was made earlier this week by Harjit Sajjan, Minister of National Defence that the Child Care Benefit (CCB) for the 2019–20 will be raised to keep up with the cost of living, media reports said.
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“Raising a family isn’t easy...I’m proud that the Canada Child Benefit is increasing, helping millions of middle-class Canadian families and the people working hard to join them.” said Sajjan.
Keeping in mind Government of Canada's top priority --help middle-class Canadian families provide the best start in life for their children -- the increase for CCB for the 2019–20 benefit year would mean that the maximum benefit will be $6,639 per child under age 6, and $5,602 per child aged 6 through 17.
“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
For example, 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. Increasing the CCB will ensure all Canadian families get a fair chance to succeed.
“On this third anniversary of the Canada Child Benefit, we are celebrating helping families in situations where a bit of extra money is really making a difference. 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,” said Diane Lebouthillier, Minister of National Revenue
Apart from increase in CCB, CCB application forms have been simplified following extensive consultation to ensure that all Canadian parents can more easily access the benefits and credits 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 below the age of 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 benefit year, bringing their new yearly total benefit to $7,090.
(Reporting by Asha Bajaj)