Canadian parents eligible for child tax payments can expect their first payment of the year on Monday. The new benefit year began in July 2024, and t…
The new benefit year began in July 2024, and the Canada Child Benefit increased. This gave Canadians a small but much-needed tax boost to support their children. Another boost will come in six months.
Child tax payments increased by 4.7 per cent, meaning the maximum benefit for children under six increased by $350, from $7,437 to $7,787. For children aged six to 17, it increased by $295, from $6,275 to $6,570.
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