Canada Child Benefit
The Canada Child Tax Benefit (CCTB) was a tax-free monthly payment available to eligible Canadian families to help with the cost of raising children. The CCTB could incorporate the National Child Benefit (NCB), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental or physical disabilities.
The CCTB was enacted in response to a commitment made by the Canadian parliament, in November 1989, to eradicate child poverty in Canada by the year 2000.[1] However, it has been found that, due to cutbacks to social assistance, the impact of this program in reducing child poverty is negligible.[1]
This program was eliminated in 2016 and replaced by the Canada Child Benefit (CCB), a tax free payment of $533.00 per child under 6 and $450 per child from 6 to 17. Which is reduced at various rates by the number of children and the amount of money the household makes so that households at the top end of "middle-class" and "high-income" get nothing. [2]
References
External links
- Information about CCB from Revenue Canada.
- What you need to know about the CCTB from The Globe and Mail.
- Ottawa on lookout for child benefit fraud
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