The new program will provide almost $400 million a year to about 290,000 families
The new Canada child benefit, introduced this past summer, replaces the Canada child tax benefit and the universal child care benefit. The CCB can be used in a variety of ways, from covering child-care costs to saving for post-secondary education
The new CCB monthly benefits could be best maximized if they’re contributed to a registered investment vehicle such as an RESP, RDSP, RRSP or TFSA
Less than a quarter (22%) of the new CCB benefits, which replace the CCTB and the UCCB, will be put toward saving for children’s post-secondary education, poll finds
The Liberal government is touting the introduction of the Canada Child Benefit as “the most significant social policy innovation in a generation”