Parliament building in Ottawa, Ontario. (Photo: Febriyanta | Dreamstime.com)

By David Opinko

Canada Child Benefit payments increase 2.4%

Jul 20, 2022 | 1:49 PM

OTTAWA, ON – Families across the country will receive a little bit more money from the federal government.

Minister of Families, Children, and Social Development Karina Gould says Ottawa is increasing the payments families receive from the Canada Child Benefit (CCB)

In the 2022-23 benefit year, recipients can get up to $6,997 ($583 per month) per child under the age of six and $5,903 ($491 per month) per child between the ages of six and 17.

This means the CCB is going up by 2.4%.

The CCB was introduced in 2016 as a way of reducing poverty in Canada, particularly among children.

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Gould says the increase in payments will help Canadians who are worried about the rising cost of living.

“Through our new Affordability Plan, the continued indexation of the Canada Child Benefit, and our Canada-wide early learning and child care system, we will continue to prioritize the needs of children and families, and help put money back in the pockets of Canadians when they need it the most,” says Gould.

Inflation reached a nearly 40-year high in June 2022 as Statistics Canada an increase of 8.1%.

The CCB is tax-free and is based on the income level of a child’s parents.