A by-the-numbers look at the new Canada child benefit that rolled out Wednesday
OTTAWA – The first federal Canada child benefit payments arrived in Wednesday.
Here is a look at the program, by the numbers.
$23 billion: Cost of the Canada child benefit in the Liberals’ 2016 budget.
$6,400: Maximum benefit payment for each child under age six.
$5,400: Maximum benefit payment for each child age six to 17.
$2,300: Average benefit payments most families will receive.
3.8 million: Families that received the previous universal child care benefit.
3.3 million: Families who are expected to receive more under the new benefit plan.
315,000: Children the Liberals promised during the campaign to lift out of poverty through the Canada child benefit.
293,000: Children federal officials have estimated will be lifted out of poverty through the new benefit based on simulations using benefit and tax data.
8,000: Number of indigenous children on reserve estimated to be lifted out of poverty through the benefit.
16,000: Number of indigenous children on reserve who could be lifted out of poverty if all families filed their taxes.
SOURCES: Employment and Social Development Canada, Finance Canada.
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