Have a Child? You Might Receive an Extra $1,200 From the CRA

Have a Child? You Might Receive an Extra $1,200 From the CRA
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Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland said in the 2020 Fall Economic Statement the federal government would support Canadians in a deliberate, prudent and thoughtful way. Among the priorities mentioned was the legislative amendment to the Canada Child Benefit (CCB).
The CCB regular payments increased for the 2021-2022 benefit year. If you were to account for the January to June 2021 and July to December 2021, parents with at least one child could receive as much as $6,799 this year. However, younger families are poised to receive extra from the Canada Revenue Agency (CRA).

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