November 29, 2017 – NICKEL BELT/GREATER SUDBURY – Employment and Social Development Canada
Children are our most precious resource, yet too many Canadian families worry about how to make ends meet. A year ago, the Government launched the Canada Child Benefit (CCB) to help families with the high cost of raising children.
Today, Marc Serré, Member of Parliament for Nickel Belt on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, highlighted how the Government intends to strengthen the CCB by making annual cost of living increases starting in July 2018—two years ahead of schedule.
For a single parent of two children making $35,000, a strengthened CCB will contribute $560 in the 2019–20 benefit year towards the cost of raising his or her children. That means more money, tax-free, for books, skating lessons or warm clothes for winter. The added confidence the CCB brings to families has been shown to have an immediate impact on economic growth.
With payments delivered to eligible families every month, the CCB is helping lift approximately 300,000 children out of poverty nationwide. From July 2016 to May 2017, families in Nickel Belt received over $49,665,000 in CCB payments benefiting around 15,450 children.
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. These initiatives support the Government’s commitment to improve the economic well-being of all Canadians and to strengthen the middle class and help those working hard to join it.
“The tax-free Canada Child Benefit provides a welcome boost for parents in Nickel Belt and across the country. Whether the extra money is used to help cover the family grocery bill or buy warm coats for the winter, the CCB helps parents with the high costs of raising their kids. The investments made in people, in our communities and in our economy have put more money in the pockets of those who need it most, are creating more well-paying jobs and are giving the families of Nickel Belt greater confidence in their future.”
– Marc Serré, Member of Parliament for Nickel Belt
- The CCB currently provides a maximum annual benefit of up to $6,400 per child under the age of 6 and up to $5,400 per child for those aged 6 through 17.
- About 65 per cent of families receiving the maximum CCB amounts are single parents, of whom 90 per cent are single mothers.
- During the first benefit year, over 3.3 million families received more than $23 billion in CCB payments, and those better off under the CCB saw an average of almost $2,300 more in benefits, tax-free.
- The benefits provide parents with more flexibility to put money towards the things that are important to them, providing more than more than $23 billion in CCB payments in the first benefit year.
- Compared with the previous range of benefits for children, the CCB is more advantageous for 9 out of 10 Canadian families with children.
Marc Serré, MP Nickel Belt