Posted by Frank Gasper
on 15 October 2019
4 Ways to Maximize Your Canada Child Benefit
The Canada Child Benefit (CCB) is a tax-free monthly payment made by the government of Canada to eligible families to help them with the cost of raising children under the age of 18.
Here are 4 ways to maximize your CCB:
1. Contribute to an RRSP to increase the CCB
The amount you receive for the CCB is based on the total family income reported on your annual income tax return for the previous year. Therefore, if you contribute to your RRS...