Canada Child Benefit - Real Change for Guelph Families
May 24, 2019
Every Guelphite deserves a fair chance to participate and thrive in our economy, and when this opportunity is present, we know all Canadians are better-off.
Tackling poverty and helping more people become a part of the middle class continues to be one of our government’s main priorities. Two years ago, Statistics Canada released the 2017 Canadian Income Survey which shows that Canadians living below the poverty line is at one of the lowest numbers on record.
According to the report, the median after-tax income of Canadian families and unattached individuals rose 3.3% to $59,800 in 2017, following two years without growth. Statistics Canada attributes this rise to higher wages and an increase in child benefits, such as the Canadian Child Benefit (CCB). These numbers reflect a very significant reduction in Canada’s overall poverty rate and show that we have met our first poverty reduction target three full years ahead of schedule.
Thanks to federal initiatives, 825,000 Canadians have been lifted out of poverty since 2015, and Canada’s poverty rate has fallen by more than 20 percent. The CCB came into effect in mid-2016, marking 2017 as the first full calendar year of implementation.
Here in Guelph, more than 23,000 children receive the CCB every month, for a total of more than $7.5 million. On July 20, 2018, the CCB increased again to keep up with the cost of living. This change came two years ahead of schedule and continues to give parents even more money each month to help with the increasing costs of raising children.
We've also launched the Poverty Reduction Strategy that is going to keep making a real difference in people’s lives. Our goal is to cut poverty in half, and while there is always more work to do, we will continue to work hard to see this goal accomplished. There are so many great organizations in Guelph that we are working with as active partners in this mission.