A reasonable windfall for some families, following a federal announcement out of Barrie today.
Canada’s Minister of Families, Children, and Social Development Jean-Yves Duclos showed up at a Bayfield St. Grocery store to announce an increase to the Canada Child Benefit plan. The proposed changes would make payments based on income and number of kids in the home.
The new maximum yearly benefit will be about 66 hundred per child under the age of 6, and about a thousand less per child aged 6 through 17. That means that families will be receiving between $12 and $30 more a month than they receive under the current system.
Changes would take effect July 20th, marking the second time the Child Benefit Plan has been altered since being introduced in 2016.