Today, on its eighth anniversary, the Minister of Families, Children and Social Development, Jenna Sudds, announced the maximum annual Canada Child Benefit will increase again to help parents keep up with the cost of living. That’s more tax-free money back in their pockets every month—to spend on groceries, rent, summer camps and whatever their family needs.
July 19, 2024 Gatineau, Quebec Employment and Social Development CanadaRaising kids is expensive. That’s why the Government of Canada created the Canada Child Benefit to give extra financial support to hard-working middle-class families and to give kids the best possible start in life. Since its introduction in 2016, the Canada Child Benefit has helped make life more affordable for parents and lift hundreds of thousands of children out of poverty.
Today, on its eighth anniversary, the Minister of Families, Children and Social Development, Jenna Sudds, announced the maximum annual Canada Child Benefit will increase again to help parents keep up with the cost of living. That’s more tax-free money back in their pockets every month—to spend on groceries, rent, summer camps and whatever their family needs.
For the 2024–25 benefit year, families can receive up to $7,787 per child under the age of 6 and $6,570 per child aged 6 through 17. This means moms and dads could receive up to $350 more than last year. This represents an increase of 4.7% from the previous year.
The Canada Child Benefit has been indexed to inflation using Consumer Price Index data as reported by Statistics Canada—a widely used measure of inflation. Indexing the Canada Child Benefit occurs every July, ensuring that the benefit protects families from inflation and provides certainty and predictability of support parents can count on.
The Canada Child Benefit is part of our work to support families and make life cost less. This includes the Canada-wide early learning and child care system, which has already reduced fees for regulated child care by half on average across the country, and the Canadian Dental Care Plan, which will make trips to the dentist more affordable for up to 9million uninsured Canadians.
These are just some of the things that we’re doing to build a better and fairer future for every generation. We’re also building more homes, improving health care, and investing in innovation—so that every Canadian has a fair chance to succeed.
“I have heard from so many parents how much the Canada Child Benefit is making a difference in their families’ lives. This tax-free benefit is increasing again to help parents keep up with the cost of raising kids and to give their kids the best possible start in life. We will continue to deliver results that Canadians can count on.”
– Minister of Families, Children and Social Development, Jenna Sudds – Minister of Families, Children and Social Development, Jenna Sudds
"Eight years ago, we introduced the Canada Child Benefit to give Canadian families the support they need to make ends meet and ensure their children have a fair chance at success. Just in Brampton West, our tax-free Canada Child Benefit has supported over 26,000 children and their families, especially in facing the rising cost of living. With the increase in this benefit, our government will continue supporting families in paying for their necessities and helping hundreds of thousands of children across the country do what they do best: being kids."
- Minister of Diversity, Inclusion and Persons with Disabilities, Kamal Khera
The Canada Child Benefit(CCB) is a monthly tax-free benefit based on prior year’s income that provides support for low- to middle-income families with children to help with the cost of raising children under 18years of age. Eligible families received the firstpayment of the CCB in July2016.
The amount received under the CCB depends on several factors, including the number of children in care, their ages, marital status and prior year’s net income. For the July2024 to June2025 benefit year, eligible families can now receive up to $6,570 per child aged6 through 17, and up to $7,787 per child under the age of 6.
The CCB was indexed for the first time in July2018. This indexation means that the maximum benefit amounts and income thresholds at which benefits begin to be reduced are increased annually to keep pace with the rising cost of living, giving parents more support each month to help them provide for their children This makes life more affordable for families and puts more money in the pockets of parents.
Annual indexation takes effect on July1 to coincide with the beginning of the program year for payments, which runs from July1 to June30 each year.
To give every child the best possible start in life, our government is also:
- improving access to dental health care for children under the age of 18 through the Canadian Dental Care Plan—because no one should have to choose between taking care of their kid’s teeth and putting food on the table.
- Creating the National School Food Program to ensure that more children have the food they need to focus on what really matters: learning and growing.
- Supporting after-school learning with an investment of $67.5million to help all Canadian students reach their full potential. After-school learning and supports play a critical role in helping students succeed in their academic pursuits, especially for at-risk students.
FAQs
This means moms and dads could receive up to $350 more than last year. This represents an increase of 4.7 percent from the previous year. The Canada Child Benefit has been indexed to inflation using Consumer Price Index data as reported by Statistics Canada—a widely used measure of inflation.
What are the child benefits for Ontario 2024? ›
Ontario child benefit (OCB)
OCB payments are delivered with the Canada child benefit in a single monthly payment. For July 2024 to June 2025, you may be eligible to receive up to $140 per month for each child under 18 years of age. If your adjusted family net income is above $25,646, you may receive a partial benefit.
What is the highest child benefit in Canada? ›
Maximum Canada child benefit
For each child: under 6 years of age: $7,787 per year ($648.91 per month) 6 to 17 years of age: $6,570 per year ($547.50 per month)
What is the new CCB in Canada? ›
How much can I receive from the CCB in June? Low-income families in June will receive up to $7,437 per year, or $619.75 per month, for each child under six years of age. Families with children between six and 17 years old, meanwhile, can receive a maximum of $6,275 per year ($522.91 per month) for each child.
Was there an increase in child tax credits? ›
Specifically, the Child Tax Credit was revised in the following ways for 2021: The credit amount was increased for 2021. The American Rescue Plan increased the amount of the Child Tax Credit from $2,000 to $3,600 for qualifying children under age 6, and $3,000 for other qualifying children under age 18.
Will the CCB increase in 2024? ›
For the 2024–25 benefit year, families can receive up to $7,787 per child under the age of 6 and $6,570 per child aged 6 through 17. This means moms and dads could receive up to $350 more than last year. This represents an increase of 4.7% from the previous year.
How do I apply for the $300 federal payment in Canada 2024? ›
About $300 Canada Federal Payment 2024
To get this money, you must apply on the official website, www.canada.ca, and give your details. This financial aid is part of the government's larger plan to help people who struggle with money. This plan includes credits like the 2024 GST/HST and the Canada Child Benefits.
What is the new $1200 benefit in Canada? ›
The $1,200 extra income for low-income seniors is part of the government's program. This program provides monthly assistance to eligible seniors with low incomes. These benefits are tax-free. They are available to those who qualify for the CPP and OAS.
Which country pays the highest child benefit? ›
The level of the package varies within and between countries by the number of children, type of family and by earnings. Austria, Luxembourg and Finland have the most generous package. After charges for services and housing costs a number of countries provide no support for children.
Which province in Canada has the best child benefits? ›
Quebec's Child Assistance Benefit continues to be the most generous benefit for families in Canada. Of the provinces offering benefits for families with children, BC continues to be the only one capping the eligibility age for children at 6 instead of 18 years of age.
2024 child tax credit news update
Raising the refundable amount to $1,900 and $2,000 in tax years 2024 and 2025 and adjusting the base credit amount for inflation.
What age does CCB stop in Canada? ›
The CCB is a non‑taxable amount paid monthly to help eligible families with the cost of raising children under 18 years of age. The CCB may include an additional amount for the child disability benefit.
When did family allowance end in Canada? ›
In 1992, with a minimum of public discussion, the Conservative government then replaced the Family Allowance with a new Child Tax Benefit, into which Family Allowance, the Refundable Child Tax Credit and a non-refundable child tax credit were consolidated.
Who is eligible for $300 direct deposit in 2024? ›
IRS GOV $300 Direct Deposit Eligibility Criteria
Income Limits: For single claimants, the Adjusted Gross Income (AGI) must not exceed $75,000. For couples filing jointly, the AGI must not surpass $150,000. Dependents: Dependents can include nieces, stepchildren, grandchildren, nephews, foster children, and siblings.
What is the $3600 child tax credit? ›
For tax year 2021, the Child Tax Credit increased from $2,000 per qualifying child to: $3,600 for children ages 5 and under at the end of 2021; and. $3,000 for children ages 6 through 17 at the end of 2021.
What are the tax changes for 2024? ›
For tax year 2024, the standard deduction for married couples filing jointly rises to $29,200, an increase of $1,500 from 2023. For single taxpayers, the standard deduction rose to $14,600, a $750 increase from the previous year.
What will the child tax credit be in 2024? ›
For 2024 (taxes filed in 2025), the child tax credit will be worth $2,000 per qualifying dependent child if your MAGI is $400,000 or below (married filing jointly) or $200,000 or below (all other filers).
What are the new benefits in Canada in 2024? ›
Parliament last year passed the Canada Disability Benefit Act, which promised to send a direct benefit to low-income, working-age people with disabilities. Budget 2024 proposes funding of $6.1 billion over six years, beginning this fiscal year, and $1.4 billion per year ongoing, for a new Canada Disability Benefit.
How much is child benefit in Ontario per month? ›
How much is the child benefit in Ontario? The OCB pays up to $1,606.92 per year—$133.91 monthly—for each eligible child. This benefit amount decreases as your combined family income goes above $24,542.
What is the Ontario credit for children? ›
Families can receive up to: $6,000 per child under the age of seven (plus a top‑up of up to $1,200 for 2021) $3,750 per child between the ages of seven and 16 (plus a top‑up of up to $750 for 2021) $8,250 per child with a severe disability (plus a top‑up of up to $1,650 for 2021)
