The Canada child care benefit is a tax-free monthly payment made to eligible families to help with the cost of raising children under 18 years of age. Eligibility and amounts depend on the total taxable net income for the household, the number of kiddos and their age.
If you receive the CCB, it will be adjusted in July as usual.
The amount will be adjusted based on your last tax return and also on inflation which means the Canada Child Benefit will increase by 2.4% over last year.
If you want to see if your CCB will change, you can click here for the Canada child benefit calculation sheet for the July 2022 to June 2023 payments.
Additionally, the Nova Scotia Child Benefit is going up on Friday as well. This Provincial benefit is for families with an annual net income below $34,000. The increase will be at least $350 over last year. You can read more about that increase here.
