Eligible households in Canada will see increased payments from the federal child benefit program starting July 20.
The Canada Child Benefit (CCB), a monthly tax-free payment, will pay households up to $679.75 a month ($8,157 annually) per child under 6, and $573.58 a month ($6,883 annually) per child aged 6 to 17, depending on their prior year’s adjusted family net income, this coming Monday.
The figures represent an increase of up to $160 per child under 6 years of age, and up to $135 per child from age 6 to 17, for the 2026–27 benefit year, compared to the previous year, according to the Canada Revenue Agency (CRA) in a July 17 news release.
The CRA says CCB payments have been adjusted annually for inflation since 2018. The yearly indexation takes effect on July 1 to coincide with the start of the payment year, which runs from July 1 to June 30 of the following year….