The Canada Child Benefit (CCB) is getting a boost in 2022



The Canada Child Benefit (CCB) is getting a boost in 2022 and payments have gone up already. 

In a video message shared on Wednesday, July 20, PM Justin Trudeau confirmed that CCB payments had increased effective "today." 
 
 It means eligible families across Canada will receive more money from the federal government to help with the cost of raising children under 18 years of age. 
 In the clip, Trudeau says the tax-free monthly payment is for things like food, after-school activities, clothing and "whatever your growing family needs." 
 
He adds that the benefit has been able to support hundreds of thousands of kids across the country, after the feds "stopped sending child benefit checks to millionaires and focused on the people who really need that support." 
 
The CCB is going up as planned to bring it in line with the cost of living in Canada, which continues to rise following the COVID-19 pandemic. When the government's $ 8.9 billion affordable plan was announced in June, authorities confirmed that money had been secured to adjust some profits for inflation. These include not only CCB, but also Canadian Worker Benefits, GST Credits, OAS and more.  

The exact amount each eligible family can receive depends on many factors, including the number of children they care for, their age, marriage status, and their net adjusted family income (AFNI). Eligible individuals with an AFNI of less than $ 32,797 will receive the maximum amount available to each child. That's $ 6,997 a year ($ 583.08 / month) for children under the age of 6 and $ 5,903 ($ 491.91 / month) for children under the age of 6 and 17.
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