More support for families with children

KITCHEN, ON, July 20, 2021 / CNW / – Every child deserves the best possible start in life. That is why the government of Canada introduced the Canada Child Benefit (CCB) five years ago to help give families a fair chance at success. Since then, each year, the CCB has provided nearly $ 25 billion in tax-free assistance to around 3.5 million families. This support has helped lift nearly 435,000 children out of poverty, grow the middle class and put more money in the pockets of 9 out of 10 Canadian families compared to the previous round of child benefits.

Today, the Honorable Ahmed Hussen, Minister of Families, Children and Social Development, announced that the maximum annual Canada Child Benefit will be increased again to meet the rising cost of living. For the 2021-2022 benefit year, the maximum annual benefit will be $ 6,833 per child under 6 years old and $ 5,765 per child from 6 to 17 years old. It’s finish $ 350 more per child than when ACE was introduced.

Additionally, in 2021, with many families grappling with a wide range of expenses during the COVID-19 pandemic, families eligible for ACE receive additional temporary support of up to $ 1,200 for each child under 6 years old via the CCB.

Minister Hussen also highlighted the historic 2021 budget investment of up to $ 30 billion over five years and, combined with previous investments, $ 9$ 0.2 billion per year of ongoing funding to build a high quality, affordable, flexible and inclusive early learning and child care system in Canada – because parents should not have to choose between working and looking after their children. This investment will allow an average remuneration of $ 10 per day by 2025-2026 for all regulated child care spaces, starting with a 50% reduction in the average fee for regulated child care and early learning spaces by the end of 2022. These investments will create new opportunities for Canadian families and allow parents, especially mothers, to access jobs.

One of the governments of from Canada the top priority is to support families and children as we overcome the COVID-19 pandemic and build back better.

Quote

“Every child deserves the best possible start in life. Today we are celebrating five years of increased support for parents through the Canada child benefit. I have heard from many Canadian parents how much it means to be able to count on extra help every month, especially in these difficult times. The government of Canada will continue to take action through initiatives like the CCB that put families and children first. “
– Minister of Families, Children and Social Development, Ahmed Hussen

“I am happy to be able to celebrate the positive impact the Canada Child Benefit has had on Canadian families over the past five years! We know our country’s recovery efforts continue, but, with benefits like CCB and the Young Child Supplement, additional relief is at hand for families with young children as they seek. to reconcile work, childcare and family responsibilities and to find a new normal for themselves and their children. “
– Minister of National Revenue, Diane Lebouthillier

Fast facts

  • Introduced in 2016, ACE is a tax-free monthly payment based on income. It offers increased support to those who need it most, to help them pay for the education costs of children under the age of 18.

  • The CCB was indexed for the first time in july 2018 – two years before the scheduled date. This indexation means that the maximum benefit amounts and the income thresholds at which benefits begin to be cut are increased each year to keep pace with the rising cost of living, providing parents with more support each month to help them cope. provide for the needs of their children.

  • For the 2021-2022 benefit year that began in July 2021, the maximum annual benefit is $ 6,833 for each child under 6 years old and $ 5,765 for each child from 6 to 17 years old.

  • Examples of indexed payments for the 2021-2022 ACE benefit year:

  • Families who have filed their 2019 and 2020 income tax returns and are already receiving ACE will not need to take any additional steps to receive CCBYCS 2021.

  • Agencies that receive Children’s Special Allowances (ASE) will also receive matching payments from the CCBYCS of $ 300 for each child under 6 for whom the CSA is paid.

  • The government of Canada invested around $ 1.6 billion since 2017 to support the creation of more high-quality, affordable, flexible and inclusive child care spaces across the country.

  • Thanks to previous investments in early learning and child care, more than 40,000 additional affordable child care spaces were created nationwide ahead of the COVID-19 pandemic.

Related links
Canada child benefit
CEA Young Child Supplement
Special child allowances
Canada Child Benefit Statistics – Year of Benefit 2018-2019
Supporting Canadians and Fighting COVID-19: Fall Economic Statement 2020
Budget 2021: a recovery plan for jobs, growth and resilience
Early learning and care

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SOURCE Employment and Social Development Canada

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View original content: http://www.newswire.ca/en/releases/archive/July2021/20/c9947.html



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