Starting Monday, eligible families in Canada will see an increase in their federal child benefit payments. <\/p>\n
Families with children under six years of age will receive up to $8,157 per child and up to $6,883 per child for children aged between six and 17 years, a federal release shared on Friday<\/a>.<\/p>\n That\u2019s an increase of up to $160 per child younger than six years and up to $135 per child aged between six and 17 years, compared to the last year. <\/p>\n Families with an adjusted family net income of less than $37,487<\/a> will receive the maximum amount. <\/p>\n \u201cStarting Monday, the Canada Child Benefit is going up for 3.6 million Canadian families,\u201d Secretary of State Anne Gainey was quoted in the release. \u201cThis increased monthly payment will help cover everyday expenses like school supplies, clothing, and groceries. When we invest in kids, we\u2019re investing in our future and building Canada strong.\u201d<\/p>\n How are payments calculated<\/p>\n According to the release, the CCB is responsive to the costs of living and has been annually indexed to inflation since 2018. <\/p>\n Annual indexation takes effect on July 1, to coincide with the beginning of the payment year. The payment year runs from July 1 to June 30 of the following year. <\/p>\n The amount received depends on a few factors including the number and ages of children care and the prior year\u2019s adjusted net income. <\/p>\n Individuals acting as the child\u2019s primary caregiver must apply for the benefit. <\/p>\n Parents with shared custody of the child<\/a> will each get half the amount they would have received if they had full custody.<\/p>\n Studies cited in the release have found that the CCB has had a significant impact on families by supporting single mothers<\/a>, alleviating severe food insecurity in low-income families <\/a>and made it easier for families to buy necessities <\/a>like food, shelter and children\u2019s clothing. <\/p>\n Related Stories<\/p>\n","protected":false},"excerpt":{"rendered":"Starting Monday, eligible families in Canada will see an increase in their federal child benefit payments. Families with…\n","protected":false},"author":2,"featured_media":811886,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[712,45,49,48],"class_list":["post-811885","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apple-news","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/811885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=811885"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/811885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/811886"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=811885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=811885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=811885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}