NEW! – the Canada Child Benefit

The new Canada Child Benefit (CCB) will replace the Canada Child Tax Benefit and Universal Child Care Benefit commencing July 2016, providing a maximum annual benefit of $6,400/child under age 6, and $5,400/child aged 6-17. The benefit will be phased out dependent on adjusted family net income.

The Federal Budget website has a benefit calculator for the new CCB: