It’s been a full week of my new schedule which includes some major stories that have happened over the past week. Among highlights was in the video below:
As an update, I received details about the recent increase on the Canada Child Benefit effective as of July 2016.
What is the Canada Child Benefit?
The Canada Child Benefit (CCB) is a monthly tax-free payment for families with children under the age of 18. It will replace the Canada Child Tax Benefit (CCTB), National Child Benefit Supplement (NCBS), and the Universal Child Care Benefit (UCCB) that families currently receive.
Who can receive CCB?
Families with children under 18 are generally eligible to receive the CCB.
How much CCB will I get?
There are two main factors that determine how much you will receive:
- the number of children in your care; and
- your family net income
You can get up to:
- $6,400 per year ($533 per month) for each child under the age of 6
- $5,400 per year ($450 per month) for each child aged 6 to 17
- an additional $2,730 per year if your child qualifies for the disability amount
Families with less than $30,000 in family net income will receive the maximum benefit.
As adjusted family net income increases, the benefit is reduced until it reaches zero.
To find out details go to the Canada Revenue Agency for your benefits calculator.
I will be resuming the Non-Morning People News on YouTube Live from Monday to Friday at 10am EST along with some great new videos.
If you have a story you want me to discuss let me know!
Have a fabulous weekend!