The federal government is adding cost-of-living increases to the Canada Child Benefit starting in July 2018, two years ahead of schedule, Nickel Belt MP Marc Serré said in a press release Wednesday.
The Canada Child Benefit was launched by the federal government a year ago, replacing the Universal Tax Benefit introduced by the Harper Tories.
The cost-of-living increase means the average Canadian family will see about $200 more in 2018 than they received in 2017, and about $500 more a year in 2019.
From July 2016 to May 2017, families in Nickel Belt received more than $49,665,000 in CCB payments, benefiting around 15,450 children.
The CCB is one of several federal government programs the Trudeau Liberals say aims to improve the economic well-being of all Canadians and to strengthen the middle class.
