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Raising kids is no easy task, and the pandemic made it more difficult. The frequent lockdowns have forced the closure of schools and child-care facilities. Many working parents had no choice but to cut back on their working hours. Many parents even let their jobs, as children under six need constant care and attention. The Canada Revenue Agency (CRA) has brought financial relief for such working parents. In 2021, parents of children under six will get an additional $1,200 in Canada Child Benefit (CCB).
About the Canada
Child Benefit
Before I jump into the $1,200 extra cash benefit, do you know the CRA gives the CCB to help parents of a child under 18 pay for child care and other expenses? The CCB is a monthly cash benefit the CRA credits into your account depending on your family income and the number of children. The best part about the CCB is it is tax-free.
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