TORONTO – Months before the fall federal election, families in Canada will get some extra financial help from the Trudeau government.
Social Development Minister Jean-Yves Duclos says starting July 20, the money sent out under the Canada Child Benefit will rise, in order to keep up with the cost of living.
“If we want our children … to have a fair chance in life, then their parents need to have the support that they need and that they deserve.”
The increase will mean an extra $350 for a two-parent family with an income of $55,000 and two kids.
“It all helps pay for quality food, for grocery bills, for summer camps … for the cost of clothing,” Duclos said.
Their total benefit for the year will be more than $9,000. The benefit works on a sliding scale, so those who need it most will get more cash. The yearly payments can be as high as $13,000.
The government claims this benefit has helped the country hit its lowest-ever child poverty rate.