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ARTICLE · 24 APRIL 2020

Increased Canada Child Benefits Under The COVID-19 Financial Aid Plan

Lindsay Kenney LLP
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The Government of Canada has announced that they will be taking immediate measures to provide financial aid to Canadians facing hardship as a result of the COVID-19 pandemic.

CanadaFinance and Banking
Fanda Wu
Fanda Wu

The Government of Canada has announced that they will be taking immediate measures to provide financial aid to Canadians facing hardship as a result of the COVID-19 pandemic. The Government will be infusing up to $82 billion into the economy in the form of direct spending and deferred taxes.

In particular, the Government has proposed that low- and modest-income families receive a one-time special payment by early May 2020 through the Goods and Services Tax credit. This will double the maximum annual GST credit payment for the 2019-2020 year. On average, single individuals will receive close to $400 and couples will receive close to $600.

Additionally, families with children may be seeing an increase in their Canada Child Benefit (CCB) payments, by $300 per child.

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About Mackrell International – Canada - Lindsay Kenney LLP is a full service business law firm with offices in Vancouver and Langley, BC and a member of Mackrell International. Mackrell International – Canada is comprised of four independent law firms in Alberta, British Columbia, Ontario and Quebec. Each firm is regionally based and well-connected in our communities, an advantage shared with our clients. With close relations amongst our Canadian member firms, we are committed to working with clients who have legal needs in multiple jurisdictions within Canada.

This article is intended to be an overview and is for informational purposes only.

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