Millions of families throughout Canada will receive larger tax-free monthly payments as a result of another planned increase in the Canada Child Benefit in 2026.
The rise is a result of the federal government’s annual inflation-indexed income-tested benefits, which ensure that assistance keeps pace with the rising cost of living.
The 2026 increase to the Canada Child Benefit is timely, given the ongoing strain on household finances caused by high grocery costs, childcare expenses, and stretched housing affordability.
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Source: https://immigrationnewscanada.ca