Canada Child Benefit payments go out to parents today

Monthly payments for 2024 under the Canada Child Benefit Program have started from Friday. Under this, families receive a tax-free monthly payment to help with the cost of raising children under the age of 18.

This program is managed by the Canada Revenue Agency. The amount of Canada Child Benefit received depends on the number of children in the family, their ages and the total income of the family in the previous year.

Low-income families can receive about $619 per month for each child under 6 and a total of $7,437 per year, while families with children ages six to 17 can receive $522 per month for each child over the year. may exceed $6,275. Experts say that this program has helped in reducing poverty across the country.

According to data released in 2023 by the Department of Employment and Social Development, Canada's overall poverty rate was halved between 2015 and 2021. Let us tell you that it is mandatory for all persons to provide proof of birth while applying for Canada Child Benefit.