Canada Child Benefit 2025: How Much You Can Expect and Key Updates
The Canada Child Benefit (CCB) is a tax-free monthly financial support provided by the Canadian government to families with children under 18. It is calculated based on the previous year’s net family income, the number of children, and their ages. As of July 2024, the CCB has been increased by 4.7% to keep up with the cost of living.
Maximum Monthly CCB Amounts for July 2024 – June 2025:
- Children under 6 years old: $648.91 per child.
- Children aged 6 to 17: $547.50 per child.
Families with a net income below $36,502 receive the maximum benefit. For higher incomes, the benefit gradually decreases. If the annual total CCB amount is less than $240, the family receives a lump sum payment in July instead of monthly payments.
For more details on the CCB and to check eligibility, it is advisable to visit the official Canadian government website or contact the Canada Revenue Agency.