Feds Increase Canada Child Benefit (CCB) For 2020-21 Year Effective July 20

Minister of Families, Children and Social Development Ahmed Hussen, announced that it is increasing Canada Child Benefit (CCB) effective July 20 for the 2020–21 benefit year to keep pace with the cost of living. The increase announced today works out to $252 more than last year and $3,080 more than in 2015, before the introduction of the Canada Child Benefit.

Families will get a tax-free maximum of $6,765 per child under age 6 and $5,708 per child age 6 through 17.

Examples of payments for the 2020–21 benefit year:

 

(as per the news release)

  • A single-parent family with one child under the age of 6 and earning $25,000 will receive an additional $126 for the 2020–21 benefit year, bringing their new yearly total benefit to $6,765.
  • A two-parent family with two children aged 4 and 9 and earning $55,000 will receive an additional $174 for the 2020–21 benefit year, bringing their new yearly total benefit to $9,329.
  • A two-parent family with two children under the age of 6 and earning $90,000 will receive an additional $136 for the 2020–21 benefit year, bringing their new yearly total benefit to $7,322.

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