Ocean Mist

Posted by Tax Consultants


Increased Universal Child Care Benefit (UCCB)

Budget 2016 proposes to introduce the Canada Child Benefit, which will replace the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB). Starting in July 2016, the new Canada Child Benefit will provide a maximum annual benefit of $6,400 per child under the age of six, and $5,400 per child aged 6 through 17. The benefit will be tax-free and paid monthly to eligible families. Canadians already receiving the UCCB or the CCTB do not have to apply for the new benefit.
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