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Canada's Child Benefit Boost Will Start Landing In Bank Accounts As Of Friday

Eligible families can get up to $1,200 for every child under 6 years old.

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Eligible Canadian families will begin to receive a supplement for the federal government's Canada Child Benefit (CCB) as of Friday, May 28.

The additional money, referred to as the CCB young child supplement (CCBYCS), will pay up to $1,200 per child under the age of 6 in 2021. It aims to help parents with the "unpredictable expenses of the COVID-19 pandemic," such as child care, meals and clothes, among other things.

Families who are already getting the CCB will be able to get the extra payments without applying for it or taking any specific action, although the boost only applies to younger children.

Eligible caregivers with a net income of $120,000 or less will receive four $300 payments for each child under the age of 6, with the first two payments landing on Friday, May 28.

The final two payments will arrive on July 30 and October 29, 2021.

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