Canada’s Child Benefit Boost Is Coming In May & Here’s How To Get It

Eligible families can get up to $1,200 per young child in 2021.💰

Trending Editor

Eligible Canadian families receiving the Canada Child Benefit (CCB) can expect a little extra money this month, thanks to the CCB young child supplement (CCBYCS).

The extra money — which is up to $1,200 in 2021 — will be paid out in four instalments throughout the year, with the first two payments landing on May 28, 2021. The final two payments will be distributed on July 30 and October 29, 2021.

The purpose of the boost is to help families with children under the age of six during the COVID-19 pandemic. The additional funding is there to cover things like "short-term child care arrangements, healthy food, and clothes."

While families already receiving the CCB do not need to take any action to receive their payments, the Canada Revenue Agency (CRA) says it's essential that they file their 2019 and 2020 tax returns to access the money.

This is because the payments made in May are based on the family net income for 2019, while the July and October payments are based on the family net income for 2020.

If an eligible family or individual fails to complete their tax return, the CRA will be unable to calculate how much they are owed. This could cause issues and delays when it comes to payouts.

While Canada's tax deadline has already passed, the CRA says families can still qualify for the CCB and the CCBYCS by completing their taxes as soon as possible.

More from Narcity

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.

Loading...