The CCB young child supplement (CCBYCS) will take effect later this month.
Families who get the Canada Child Benefit & have kids under 6, could receive up to $1200 in support/child.
It breaks down like this:
In 2021, families that are entitled to receive the CCB with a net income of $120,000 or less, will receive $300 per payment for each child under the age of 6. The first payments will be issued on May 28. That first payment with will include both the January and April payments. The final two payments will be issued on July 30 and October 29.
Families that already receive the CCB will not need to take any action to receive the payments.
Families do need to file their 2019 and 2020 tax returns to access them. The payments that will be made in May for each of the first two quarters – January and April – are based on the family net income for 2019. The July and October payments will be based on the family net income for 2020. This may mean that payment amounts differ for some families mid-way through the year.
