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.
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.
Expecting your first two payments of the CCB young child supplement on May 28? The amount you\u2019ll get for each child under the age of six depends on your income for 2019. Find out what you\u2019ll receive here: https://ow.ly/lRgO50EVNLD\u00a0 #CdnTaxpic.twitter.com/mpvUSyM4aG— Canada Revenue Agency (@Canada Revenue Agency) 1622043603
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.