More money is in the pockets of middle-class Canadian families this weekend after an increase in spending to the Canada Child Benefit program.
The federal government has decided to invest more money into the program to help families with rising living costs across the nation. This means parents will notice they’ve received a little more this time around.
When speaking to media on Thursday at Government House in Regina, Minister of Public Safety and Emergency Preparedness Ralph Goodale said he believes the CCB has had a great impact on families in the province.
“Nine out of 10 families in Saskatchewan are getting more money per month to assist with raising the family,” explained the Regina MP.
Using his Regina-Wascana riding as an example, Goodale said the payments from the program add up to $4.5 million a month.
He also mentioned how the program puts a billion dollars a year into family incomes in Saskatchewan alone.
“Over the last two and a half to three years that the program has been in effect, 300,000 children have been lifted out of poverty,” said Goodale. “The spending power of middle and lower income families has been increased.”
The Canada Child Benefit replaced the Canada Child Tax Benefit and the Universal Child Care Benefit back in 2016.