Changes to Universal Child Care Benefit

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If you have children under the age of 18, the Universal Child Care Benefit is something you are now entitled to as of January 2015. Before you go scrambling to your bank statement for this month, you should know that although the tab starts collecting this month, the cheque won’t appear until July.

Here is the breakdown of how much you can expect to receive and when:

Children ages 0 to 5 years, 11 months

Since 2006, the Federal government has been providing families with $100 per month per child in this age range. As of January 2015, families will receive $160 per month per child currently in this age range. However, the first installment will not arrive in your mailbox or bank account until July 2015. You will receive payment for January to July in one lump sum, followed by the monthly payments of $160 until your child’s 6th birthday.

PREVIOUSLY: $100/month = $1200/year  Continue reading