How much is the average baby bonus aka child tax credit in canada per kid?

Question

How much is the average baby bonus aka child tax credit in canada per kid?

Answer 1

Universal Child-Care Benefit

Parents with children under six years old will now get $1,200 annually per child from the Canadian government, called the Universal Child Care Benefit. It will cost the Canadian government $3.7 billion over two years.

This controversial first phase of the Tories' child-care program gives 12 monthly instalments of $100 for each preschool-age child in every family, regardless of income, to spend as they wish. It will be taxable at the rate applied to whichever spouse earns the lower income. Cheques are expected to be sent out after July 1.

Anyone already receiving the Canada Child Tax Benefit is automatically enrolled for the Universal Child Care Benefit. If you are not getting the CCTB, and are eligible to receive the UCCB, you will need to apply. Applications and are available on the Canada Revenue Agency website or by calling them at 1-800-959-2221.

The Conservatives also plan on offering $250 million in annual tax credits as incentives to create 25,000 additional child-care spaces per year.