Back-to-school time is just around the corner for many post-secondary students. But this year, some Canadian students will be receiving even more money. The best part is that they don’t have to pay it back. It’s basically free money.
If you’re like most Canadian families with children, you should have already received your first Canada Child Benefit (CCB) payment from the Government of Canada.
Universal Child Care Benefit
Under Harper’s conservative government, all families were entitled to receive the Universal Child Care Benefit (UCCB), regardless of family income. The only variable that determined how much money each family was entitled to receive was the age of their children. Families with children under the age of 6 received $160 per month per child, and families with children from the ages of 6 to 17 received $60 per month per child. The UCCB is fully taxable.