The Canadian government is set to enhance its financial support for families through the Canada Child Benefit (CCB), with the next payment scheduled for September 19, 2025. This tax-free benefit aims to assist families with children under 18, with potential annual payments reaching up to $29,000 for those with multiple children.
Additionally, the Canada Pension Plan (CPP) will provide a cost-of-living increase of 2.7%, ensuring retirees have their benefits adjusted for inflation. Other federal aid programs, including the GST/HST Credit and the Advanced Canada Workers Benefit, are also seeing increases, delivering crucial financial relief to Canadians.
The CRA has implemented various adjustments across five major benefit programs, reinforcing support for low-income individuals and families. Moreover, the Child Tax Credit is set to rise to $2,200 per qualifying child in 2026, reflecting a commitment to maintaining support in line with living costs.
These initiatives collectively aim to strengthen the financial security of Canadian families.
