Home CanadaCanada Child Benefit pays out on Monday and increases slightly – National

Canada Child Benefit pays out on Monday and increases slightly – National

by OmarAli
Canada Child Benefit pays out on Monday and increases slightly - National

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Canada Child Benefit payments will go out on Monday, with eligible families getting a little more money this time as part of an annual increase.

Canada Child Benefit pays out on Monday and increases slightly

The Canada Child Benefit (CCB) is a tax-free monthly payment from the federal government designed to help eligible families cover the costs of raising children under 18 years of age.

According to the federal government, the CCB increases annually relative to inflation and benefit payments increase by two percent.

“Starting this month, the CCB will provide families with up to $8,157 per child under six years of age and up to $6,883 per child between six and 17 years of age. This represents an increase of up to $160 per child under six years of age and up to $135 per child aged 6 to 17 years from the previous year,” the CRA said in a statement Friday.

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The Bank of Canada aims to keep inflation, as measured by the consumer price index (CPI), within a target range of one to three percent to maintain price stability.

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The CPI report for May showed headline inflation was 3.2 percent, driven largely by rising gas prices, while core inflation was closer to 2 percent.

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Eligibility for the CCB is similar to other benefits, such as the Canada Groceries and Essentials Benefit, in that it is based on a number of factors, including adjusted household net income.

Income thresholds for these benefits mean that higher-income households receive smaller or no CCB payments. These thresholds for payments from July 2026 to June 2027 are based on the 2025 tax year.

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If households earn less than $38,237, they will be eligible for the maximum benefit amount per child without any reductions.

In this scenario, the maximum amount a family could receive in CCB payments would be $8,157 per year ($679.75 per month) for each child under age six and $6,883 per year ($573.58 per month) for each child ages 6 to 17.

For households that earn more than $38,237, the CCB benefit amount is reduced or “clawed back” depending on how much income is above this minimum amount, and varies depending on the number of children.

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