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”