Government of Canada putting more money in the pockets of middle-class Canadian families
July 18, 2019 – Vaughan, Ontario – Department of Finance Canada
Helping hard-working middle-class families provide the best start in life for their children is a top priority for the Government of Canada. That's why three years ago the Government launched the Canada Child Benefit (CCB) to help families with the high cost of raising kids.
In July 2018, the CCB was increased to keep up with the cost of living. This change came two years ahead of schedule to give parents even more money each month to help them provide for their children. The CCB—which is targeted to middle-class families and the parents working hard to join the middle class—is simpler, tax free and provides more money to nine out of 10 families than previous child benefit programs.
Today, Jennifer O'Connell, Parliamentary Secretary to the Minister of Finance, joined Parliamentary Secretary to the Minister of National Revenue, Deb Schulte, at Vaughan's Lullaboo Nursery and Childcare Centre to announce that starting on July 20, 2019, the CCB will be raised once again to keep up with the cost of living. This means that for the 2019–20 benefit year, the maximum benefit will be $6,639 per child under age 6 and $5,602 per child aged 6 through 17.
Thanks to the CCB, nine out of 10 Canadian families with children have more money to help pay for things such as healthy food, sports programs and music lessons. Increasing the CCB will ensure that it continues to play a vital role in supporting families.
"The Canada Child Benefit has helped millions of middle-class Canadian families since its creation in 2016. Today's announcement means more money in the pockets of Canadians—up to $143 more per child than last year. Increasing the CCB once again demonstrates our Government's commitment to ensuring that this tax-free benefit continues to help the middle class and the people working hard to join it."
- Jennifer O'Connell, Parliamentary Secretary to the Minister of Finance
"The Canada Child Benefit is helping parents with the high cost of raising children, making life more affordable and helping provide more options. Daycare, after school programs, educational and recreational activities all become more affordable, setting the next generation up for success. In short, more money for parents means more prosperous communities, and a better future for Canada."
- Deb Schulte, Parliamentary Secretary to the Minister of National Revenue and Member of Parliament for King–Vaughan
Examples of the new indexation rates for the 2019–20 benefit year:
- A single-parent family with one child under the age of 6 and earning $25,000 will receive an additional $143 for the upcoming benefit year, bringing their new yearly total to $6,639.
- A two-parent family with two children aged 4 and 9 and earning $55,000 will receive an additional $354 for the upcoming benefit year, bringing their new yearly total to $9,017.
- A two-parent family with two children under the age of 6 and earning $90,000 will receive an additional $263 for the upcoming benefit year, bringing their new yearly total to $7,090.
Across Canada, CCB payments worth about $24 billion benefit nearly 3.7 million Canadians and their families. About 1.4 million families in Ontario are receiving over $9 billion in CCB payments every year.
The CCB has had a positive impact on families' incomes, playing a key role in reducing child poverty. There were 278,000 fewer children living in poverty in 2017 than there were in 2015.
The CCB and new initiatives like the Canada Workers Benefit and the Canada Housing Benefit will continue to help the middle class and grow the economy by putting more money in the pockets of Canadians.
The CCB has been recognized by the International Monetary Fund, the Bank of Canada and other experts as a key contributor to helping strengthen Canada's middle class.
Director of Media Relations
Office of the Minister of Finance
Department of Finance Canada
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