Families are feeling the social and economic impacts of COVID-19 in their everyday lives. Parents are concerned about putting food on the table, and trying to find creative ways to educate and entertain their kids. This is a difficult time for many families, and the government needs to continue helping parents and investing in our children.
Prime Minister Justin Trudeau recently announced that families receiving the Canada Child Benefit (CCB) will get $300 extra per child in May to help them deal with the added pressures of COVID-19.
Eligible families will automatically receive this one-time increase as part of their scheduled CCB payment in May. Those who already receive the CCB do not need to re-apply for this one-time increase. This increase will deliver almost $2 billion in extra support across the country to help families with the high cost of taking care of their kids during this challenging period.
“Parents already know how much the Canada Child Benefit helps with the costs of raising kids. By increasing this benefit for May, we are putting even more money in the pockets of families to help them navigate these uncertain times. We are taking the necessary steps to support families and children, so we can all get through this together,” said Trudeau.
The federal government has also provided individuals and families with low and modest incomes with a special top-up payment through the Goods and Services Tax credit. This measure gave, on average, close to $400 for single individuals and close to $600 for couples, injecting $5.5 billion into the Canadian economy.