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Child and Family Benefit Programs Provided by
The new Liberal
government's platform includes replacing the UCCB and CCTB with a new Canada Child Benefit (CCB) providing monthly tax-free
benefits that are tied to income. The date for implementation of this is
not yet known.
The federal and provincial governments have benefit
programs which provide additional income for families, and for low-income
individuals. These programs include the following benefits.
- taxable monthly payment, expanded and increased retroactive to Jan 1, 2015.
Canada Child Tax Benefit (CCTB)
The CCTB is a tax-free monthly payment made to eligible families to help them with the cost of raising children under age 18.
No changes to this program for 2015 have been announced. See Canada child tax benefit
on the Canada Revenue Agency (CRA) website.
It appears that there was some confusion over the
elimination of the Child Tax
Credit for 2015, with some people thinking that the Canada Child Tax
Benefit was being eliminated. This was not the case. The Child Tax Credit
was a non-refundable
tax credit claimed on the tax return, and its elimination was proposed by the
October 2014 Federal Tax Update in conjunction with the increase in the UCCB.