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The Canada Child Benefit will increase from today, the federal government has reminded parents.
For the 2020-21 benefit year, the maximum benefit for a child under six will now be $6,765.
The maximum benefit for a child between the ages of six and 17 will now be $5,708.
These increases are on top of the one-time $300-per-child COVID-19 boost qualifying parents were sent in May.
Hey moms and dads! Today’s the day - your Canada Child Benefit is going up again. That means you’ll have more money to pay for whatever your kids need this summer and all year long - whether that’s healthy food, new clothes, or activities the family can do at home. pic.twitter.com/VSMN5ReS4P— Justin Trudeau (@JustinTrudeau) July 20, 2020
The cash is intended to be spent on the likes of healthy food and clothing.
"Parents know how expensive raising a child can be,” Minister of Families Ahmed Hussen said.
“That is why I am pleased to announce, on the fourth anniversary of the Canada Child Benefit, that it is again going to be raised. This means more money tax-free in the pockets of Canadian families each month."
Examples of payments for the 2020–21 benefit year:
A single-parent family with one child under the age of six 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 four and nine 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 six and earning $90,000 will receive an additional $136 for the 2020–21 benefit year, bringing their new yearly total benefit to $7,322
Hussen also said today that a quick infusion of childcare cash to provinces will be aimed at helping daycares pay for protective gear, cleaning supplies and extra space needed to reopen safely.
The Liberals promised the provinces and territories $625 million for childcare over the next six to eight months, which at the most would go to the end of the federal fiscal year next March.
Hussen said the funding matches what provinces, territories and child-care experts pitched to help the sector manage the immediate costs of COVID-19.
In an interview, the minister said many of the details are still being ironed out about how the money can be used by provinces and territories.