Are you receiving the child benefits you’re entitled to? + MORE Jun 13th

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Stock news for investors: Dollarama, Transat and Roots release earnings

– moneysense.ca

Here’s a round-up of news for Canadian investors this week.

Dollarama

Transat

Roots

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EQ Bank

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Earn a guaranteed 3.55% in your RRSP when you lock in for 1 year.

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See our ranking of the best RRSP accounts and rates available in Canada.

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Are you receiving the child benefits you’re entitled to?

– moneysense.ca

No surprise, but raising kids is expensive. Statistics Canada calculates that each child costs a two-parent household an average of $17,235 a year.

To help parents make ends meet, the federal government offers the Canada Child Benefit (CCB). If you have children under 18 and file a tax return, you are automatically enrolled. Tax-free monthly payments are administered by the Canada Revenue Agency (CRA).

Provincial governments provide additional financial support to low- to moderate-income families. But the benefit amounts, income thresholds, eligibility and payment dates can vary slightly from province to province and territory to territory. Provincial child benefits, except for Quebec, are administered by the CRA on behalf of the provinces and territories. The government of Quebec manages its Family Allowance program independently.

All provincial child benefit programs run from July to June of the following calendar year.

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