The next installment of the Canada Child Benefit (CCB) will be deposited into bank accounts this week, providing much-needed financial support for families across the country.
According to the Canada Revenue Agency (CRA), the CCB payment for the month of December will be issued on December 20, 2021. This benefit is designed to assist families with the cost of raising children under the age of 18, and is based on factors such as income, number of children, and age of the children.
The CCB was introduced in 2016 by the federal government as part of their commitment to helping Canadian families. Since then, it has been a crucial source of financial assistance for millions of families, with over $25 billion being distributed annually.
The amount of the CCB payment varies depending on the family’s income and number of children. For the 2021-2022 benefit year, the maximum annual benefit is $6,833 per child under the age of six, and $5,765 per child aged six to 17. This amount is adjusted quarterly based on the cost of living.
Families who are eligible for the CCB will receive their payment automatically if they have already registered for direct deposit with the CRA. Those who have not yet registered for direct deposit are encouraged to do so in order to receive their payments faster and more securely.
The CRA also reminds families to keep their information up to date, as any changes in income or family status can affect the amount of their CCB payment.
In addition to the CCB, families may also be eligible for other benefits such as the Canada Child Disability Benefit and the Child Disability Tax Credit. More information on these benefits can be found on the CRA’s website.
The CCB has been a lifeline for many families, especially during these challenging times. It is a testament to the government’s commitment to supporting Canadian families and ensuring the well-being of our children.
As we approach the holiday season, the CCB payment will provide some much-needed relief for families as they navigate the financial demands of this time of year. The CRA encourages all eligible families to take advantage of this benefit and to ensure their information is up to date to receive their payments on time.
In conclusion, the CCB payment is a vital source of support for families and will continue to be a cornerstone of the government’s efforts to help Canadian families thrive.
