Liberal Party in Canada are expected to update Canada child benefit says Jean-Yves Duclos, the Social Development Minister. The CCB was started in 2016 which offers a tax-free payment on monthly basis for families to raise children below 18 years. The updated benefit is expected to be around $6,639 a child per year.
The government expenses for this program are about $24.3 billion benefitting 3.7 million families. This is the second time child benefit has been raised since its introduction. The government had updated the child benefit program in 2018 which is two years before the actual schedule and it was also the part of last year’s budget.
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