July 19, 2024 Gatineau, Quebec Employment and Social Development Canada
Raising kids is expensive. That's why the Government of Canada created the Canada Child Benefit to give extra financial support to hard-working middle-class families and to give kids the best possible start in life. Since its introduction in 2016, the Canada Child Benefit has helped make life more affordable for parents and lift hundreds of thousands of children out of poverty.
Today, on its eighth anniversary, the Minister of Families, Children and Social Development, Jenna Sudds, announced the maximum annual Canada Child Benefit will increase again to help parents keep up with the cost of living. That's more tax-free money back in their pockets every month-to spend on groceries, rent, summer camps and whatever their family needs.
For the 2024-25 benefit year, families can receive up to $7,787 per child under the age of 6 and $6,570 per child aged 6 through 17. This means moms and dads could receive up to $350 more than last year. This represents an increase of 4.7% from the previous year.
The Canada Child Benefit has been indexed to inflation using Consumer Price Index data as reported by Statistics Canada-a widely used measure of inflation. Indexing the Canada Child Benefit occurs every July, ensuring that the benefit protects families from inflation and provides certainty and predictability of support parents can count on.
The Canada Child Benefit is part of our work to support families and make life cost less. This includes the Canada-wide early learning and child care system, which has already reduced fees for regulated child care by half on average across the country, and the Canadian Dental Care Plan, which will make trips to the dentist more affordable for up to 9 million uninsured Canadians.
These are just some of the things that we're doing to build a better and fairer future for every generation. We're also building more homes, improving health care, and investing in innovation-so that every Canadian has a fair chance to succeed.
