Canada Child Tax Benefit

The Canada Child Tax Benefit (CCTB) was a tax-free monthly payment available to eligible Canadian families to help with the cost of raising children. The CCTB could incorporate the National Child Benefit (NCB), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental or physical disabilities.

The CCTB was enacted in response to a commitment made by the Canadian parliament, in November 1989, to eradicate child poverty in Canada by the year 2000.[1] However, it has been found that, due to cutbacks to social assistance, the impact of this program in reducing child poverty is negligible.[1]

This program was eliminated in 2016 and replaced by the Canada Child Benefit, a tax free payment of $533.00 per child under 6 and $450 per child from 6 to 17.

References

  1. 1 2 Garcia, Miguel Roberto Sanchez (2002). Targeting child poverty in Canada (Ph.D. Dissertation) Wilfrid Laurier University


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.