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The Canada Child Benefit Is Going Up & Could Now Give $7K/Year To Eligible Families

CCB payments can cover any childcare expense, including food, clothing and after-school activities.

MTL Blog, Staff Writer
​A guardian pushes a stroller past the lake in La Fontaine park while two kids follow behind.

A guardian pushes a stroller past the lake in La Fontaine park while two kids follow behind.

Quebec families could see a financial boost from the Canada Child Benefit (CCB) with increasing payouts in 2022 to match rising inflation. The tax-free monthly amounts help eligible households with the cost of raising a child under 18 years old. Prime Minister Justin Trudeau tweeted a video message reminding parents that CCB payment increases were taking effect on Wednesday.

The amount paid out by the CCB is adjusted based on the number of children in a family's care, their age(s), the marital status of the parent(s) or guardian(s), and the adjusted family net income (AFNI) reported in the prior year's tax return.

Any family with an AFNI under $32,797 gets the maximum amount for each child. That comes to $6,997 per year ($583.08 per month) for each child under 6 years old and $5,903 per year ($491.91 per month) for each child 6 to 17 years old. Monthly payments graduallydecreasewhen a family's AFNI is over $32,797.

Trudeau reminds viewers that CCB deposits can cover "whatever your growing family needs," including food, clothing and after-school activities.

Payments are recalculated in July, so eligible families should see their latest CCB payment reflect a higher rate.

To apply for the benefit, parents and primary caregivers can contact the CRA via mail or register online through the My Account portal.

@mtlblog

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To be eligible, applicants must be living with and caring for a child who is younger than 18 years old and be a Canadian resident, a protected person, an eligible temporary resident or an individual who is registered (or entitled to be registered) under the Indian Act or have a partner who is a Canadian citizen.

Initial CCB payments can take up to 11 weeks to receive, depending on the date of application.

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