Children are our most precious resource, yet too many Canadian families worry about making ends meet. A year ago, our Government launched the Canada Child Benefit (CCB) to help families afford to raise their kids and empower them to give their children better opportunities in life.
With payments delivered to eligible families every month, the CCB is helping lift approximately 300,000 children out of poverty. This represents a reduction of about 40 per cent in child poverty in Canada. The benefits provide parents with more flexibility to put money towards the things that are important to them, providing roughly $23 billion in payments last year. Compared with the previous range of benefits for children, the CCB is more advantageous for 9 out of 10 Canadian families with children.
Since it took effect in July of last year, the Canada Child Benefit has helped reduce child poverty. pic.twitter.com/8eGk6flmbB
— CanadianPM (@CanadianPM) July 20, 2017
We’ve made sure that those families that most need the benefit can receive the help needed to afford essentials like groceries, put more aside for extracurricular activities, and save for their children’s futures, all through a monthly benefit that is tax-free. Families whose children qualify for the Disability Tax Credit are eligible for a further supplement.
The CCB is complemented by other initiatives to support children and families, such as the Multilateral Early Learning and Child Care Framework with provinces and territories, and an Indigenous Early Learning and Child Care Framework. This Framework sets the foundation for collaboration and additional federal investments in provincial and territorial early learning and child care systems and reflects a commitment by Governments to work towards investments to increase quality, accessibility, affordability, flexibility, and inclusivity in early learning and child care, with consideration for those more in need. These initiatives support the Government’s commitment to improve the economic well-being of all Canadians and strengthen the middle class and help those working hard to join it.