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Multiple sources, speaking to CBC News and Radio-Canada on the condition of anonymity, said the government will foreshadow the increase in the fall economic update, which will be tabled tomorrow, and provide more details later this week.
The benefit offers a maximum $ 533.33 a month for each child under six — and $ 450 for each child aged six to 17 — in a family earning less than $ 30,000 annually, and is adjusted downward as a family’s net income increases.
The payment is not currently indexed to inflation, something the Liberal government said it would do starting in 2020, if re-elected. Indexation could be one of the levers the government uses to boost payouts.
During the last election, the Liberals touted the means-tested benefit — which replaced the Universal Child Care Benefit (UCCB) introduced by the former Conservative government — as a powerful poverty fighting tool, estimating some 300,000 children would be lifted out of poverty after the money from the $ 23-billion program started to flow.