Canadian families can expect to receive their next Canada Child Benefit payment in the near future. The government has announced that the payment will be made on July 20th, 2021.
The Canada Child Benefit is a tax-free monthly payment that helps families with the cost of raising children under the age of 18. It is a key part of the government’s commitment to supporting Canadian families and reducing child poverty.
The amount of the benefit is based on factors such as the number of children in the family, their ages, and the family’s net income. The maximum benefit for the 2021-2022 benefit year is $6,833 per child under the age of six and $5,765 per child aged six to 17.
Families who are eligible for the Canada Child Benefit will receive their payment on the 20th of each month, unless that falls on a weekend or holiday, in which case the payment will be made on the next business day. This means that the July 20th payment will be made on Tuesday, July 20th, 2021.
To be eligible for the Canada Child Benefit, families must meet certain criteria, including being a Canadian resident, having a child under the age of 18, and filing their taxes every year. Families who have recently had a child or experienced a change in their family situation, such as a divorce or separation, are encouraged to update their information with the Canada Revenue Agency to ensure they receive the correct amount of benefits.
The Canada Child Benefit has been a vital support for Canadian families, especially during the COVID-19 pandemic. The government has also increased the benefit for the 2021-2022 benefit year to keep up with the rising cost of living.
Families who have questions about their Canada Child Benefit payment can visit the government’s website or contact the Canada Revenue Agency for more information. The government remains committed to supporting Canadian families and helping them provide the best possible future for their children.
