Member Update, May 20, 4:30PM
Canadians Will See Additional $300 in Canada Child Benefit Support in May
If you collect the Canada Child Benefit (CCB), you'll notice a temporary boost to your bank balance today — the government is sending parents an extra $300 for each child to help offset pandemic-related costs.
Parents who normally don't qualify for the benefit — because they earn too much — also will get cheques, although they'll be smaller.
The 3.7 million families who collect the CCB — regardless of how much they normally receive — will receive the one-time payment in May. The $300 is over above what they would normally receive from Ottawa.
Some parents who are just above the standard income threshold cutoff will receive a prorated amount this month as well.
The amount you receive will be calculated based on information from the 2018 tax return you, your spouse or common-law partner filed that year.
Previously, a two-child household in Ontario with a net income of $215,000 in the 2018 tax year got nothing while a similar-sized family earning $212,000 was eligible for a CCB cheque. Those families just over that income line will get a modest payment this month.
Starting in July 2020, the maximum benefit will be $6,765 per child under age 6 and $5,708 per child aged 6 through 17.
If you want to learn more about the Canada Child Benefit, you can learn more about it here. As always, ONPHA’s member support is here to help at email@example.com.