The federal government’s new child benefit cheques will arrive via mailbox or bank account starting Wednesday.
The average family will get about 23-hundred dollars a year tax free.
The money replaces the Universal Child Care Benefit, The Canada Child Tax Benefit, and the National Child Benefit Supplement.
Prime Minister Trudeau says the CCB will put more money in the pockets of nine out of ten families.
“Too many middle-class families struggle with the high costs of raising their children. The new Canada Child Benefit means more money for healthier groceries, kids’ summer programs, and back-to-school clothes. This new child benefit is much more generous, and will help the Canadian economy grow for years to come.”
The new CCB will provide a maximum annual benefit of up to $6,400 per child under the age of 6 and up to $5,400, per child, aged 6 through 17.
Families with less than $30,000 in net income will receive the maximum benefit.
Families whose children qualify for the Disability Tax Credit can receive an additional amount as part of their Canada Child Benefit, up to a maximum annual benefit of $2,730 per eligible child.