Financial Benefits & Grants Available for Canadian Parents
Raising children is rewarding—and it comes with costs. Fortunately, Canadian families have access to a wide range of government benefits and grants to support their household finances and future savings goals. Here’s a friendly guide to what’s available to you in 2025!
Federal Benefits
1. Canada Child Benefit (CCB)
This is a monthly tax-free payment designed to make life a little easier while raising kids under 18.
💰 What you can receive:
Up to $7,787/year per child under age 6
Up to $6,570/year per child aged 6–17
Based on your household income
Paid directly to you each month
✅ No need to apply separately—just make sure you file your tax return and register your child’s birth!
2. Child Disability Benefit (CDB)
If your child qualifies for the Disability Tax Credit, this additional monthly benefit can help support your family’s unique needs.
🌟 Benefit:
Up to $3,322/year per eligible child
Paid alongside the CCB
3. Education Grants via RESP
Saving for your child’s post-secondary education? The government will help you grow your savings faster with these two amazing programs:
a) Canada Education Savings Grant (CESG)
20% match on your annual RESP contributions (up to $500/year)
Up to $7,200 per child over time
Extra 10–20% available for lower-income households
b) Canada Learning Bond (CLB)
No contribution needed to start
$500 upfront, plus $100/year (up to $2,000 total)
Designed to give every child a head start
Provincial Benefits
Each province adds its own layer of support—here’s what’s available in British Columbia, Ontario, and Alberta:
British Columbia – BC Family Benefit
A monthly top-up for BC families with children under 18—automatically paid with your CCB.
🎉 What you can receive:
Up to $2,188/year for your first child
Up to $1,375/year for your second
Up to $1,125/year for each additional child
Up to $500/year extra for single parents
👨👩👧👦 Designed to support families earning under $114,887
Ontario – Ontario Child Benefit (OCB)
A helpful monthly benefit to support Ontario families with lower and moderate incomes.
💵 What you could get:
Up to $1,607/year per child
Paid monthly along with the CCB
Full benefit if household income is under ~$24,815
Gradually reduced for higher incomes
Alberta – Alberta Child and Family Benefit (ACFB)
Alberta families get extra support through this targeted benefit program, which rewards both family size and working income.
🌟 What’s included:
Base amount: Up to $1,499/year for the first child, plus $749 for each additional child
Working income supplement for families with earned income over $2,760
Benefits scale based on household income (up to ~$46,000)
💡 Payments are sent quarterly, and you don’t need to apply separately—just keep your tax filings up to date!
Quick Tips to Maximize Your Benefits
✔ File your taxes every year—even if you have no income
✔ Register your child’s birth with your province
✔ Open an RESP early to take full advantage of government grants
✔ Ask us if your child qualifies for the Disability Tax Credit
✔ Revisit your eligibility annually as your income or family size changes
Have questions or need help opening an RESP?
We’re happy to walk you through the steps!
📩 Reach out at hello@eocpa.ca or book a chat
