Canada Child Benefit: A salary for being parents

The new Canada Child Benefit introduced a couple years ago is a pretty generous social program that we are lucky to have in Canada. You can almost consider it being an extra salary for being parents.

As per the government of Canada’s website, the Canada Child Benefit (CCB) is a “tax-free monthly payment made to eligible families to help them with the cost of raising children under 18 years of age”.

If you have children under 18, you are eligible for a monthly payment even if you make a very generous salary.  We made over $150,000 last year but we still receive $325 / month ($4,000/year) because we have two kids.

These payments go up, the less you income you make. So if you decide to stop working entirely, you can be eligible for a decent salary for being a parent.  I did a quick calculation on the government of Canada’s website ( and if we had 2 children (under 6), and we kept our annual income to $30,000 or less, our entitled annual benefit would be about $11,500.  Tax free… When the children are over 6, this would only go down slightly.  We could also be eligible for some automatic HST, and property tax credits just for filing our taxes as well.

You can also use this link to a simple Child Tax Benefit calculator created by MoneySense.

I know some people might say that these programs are not designed for people who choose not to work. However I disagree.  I believe that raising children full time to become contributing members of our society is a job that deserves a pay cheque and one that society and the government will benefit from for many years to come.

Our FI plan is not based on relying on this type of program.  Governments can always change and programs like these can be cut back.  However, it will be a nice bonus and an incentive to stop working as soon as we can.

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5 thoughts on “Canada Child Benefit: A salary for being parents”

  1. I’m big on the Canada Benefits 😉
    It’s enticing Canadian’s to have more kids. Why work in this country with all of the social assistance that is available!

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