Canadian Child Benefits will be changed starting July 2016.
The new Canada Child Benefit (CCB) is tax-free and replaces the current child benefits (Canada Child Tax Benefit, National Child Benefit Supplement, and the universal Child Care Benefit).
The CCB is targeted to those who need it the most.
Nine out of ten families will now get higher payments each month.
There are two main factors to determine how much you will receive:
The number of children in your care and your family income.
You can get up to:
$6,400 per year ($533 per month) for each child under the age of 6.
$5,400 per year ($450 per month) for each child aged 6 to 17.
Families with less than $30,000 in family new income will receive the maximum benefit.
You don’t need to apply for the CCB if you already get the CCTB or the UCCB, or both.
The Canadian Revenue (CRA) will send you a notice in July 2016.
It will let you know if you will get the CCB and how much the payments will be.
The First CCB payment will be issued on July 20, 2016.
After that, payments will be made on the 20th of each month.
If the payments you get now are deposited into your bank account, this will continue.
For more information, go to Canada.ca/Canada-child-benefit.