FSRA# 13047 Valko Financial Ltd.

COVID-19: Canada Child Benefit

Increase in the tax-free monthly payment made to eligible families to help with the cost of raising children.

FOR WHOM?

  • Parents or individuals who take care of, or have, children under the age of 18
  • Parents or individuals who’s child starts to live with, or returns to live with, after a temporary period with someone else
  • A person who begins, ends, or changes a shared custody arrangement and gets custody of a child
  • You, or your spouse or common-law partner


BENEFITS

The federal government is providing an extra $300 per child through the Canada Child Benefit (CCB) for 2019-20. This will mean approximately $550 more for the average family.

IMPLEMENTATION

This benefit will be delivered as part of the scheduled CCB payment in May.

HOW TO APPLY
Those who receive it already do not need to re-apply.

https://www.canada.ca/en/revenue-agency/services/child-family-benefits/canada-child-benefit-overview/canada-child-benefit-apply.html


REFERENCE

https://www.canada/en/revenue-agency/services/child-family-benefits/canada-child-benefit-overview/canada-child-benefit-before-you-apply.html

https://www.canada.ca/en/department-finance/economic-response-plan/covid19-individuals.html#increasing_canada_child_benefit