The Canada Child Benefit Increase and Audit Risk

Families receiving the Canada Child Benefit (CCB) may have noticed an increase in their recent payments. Indexing takes place each July 1. Beginning in July of 2026, the CCB will provide families up to $8,157 per child under the age of 6 and up to $6,883 per child aged 6 to 17. There is audit risk that comes with that, however.

Rebecca Ringwood loved her stress-free and fully-supported experience in the Basic Bookkeeping for Small Businesses course

Well, tax filing season should be over officially for most individuals— and that means it’s already time to think RRSP season! Will you be topping up?

A sound and resilient financial sector is key to making any national economy function efficiently. To that end, the Department of Finance published regulations on June 16 regarding implementation of the Bank Recapitalization (Bail-in) Regime. 

Canada’s future economy will depend heavily on highly skilled workers who require post-secondary education (PSE). Employment and Social Development Canada suggests that the number is 70%(1). 

There is a worrisome gap between the annual growth in Canadians’ employment income and the increase in inflation: wage growth has stalled in Canada. The result is a challenging savings environment.

“We can’t solve problems by using the same kind of thinking we used when we created them.” -Albert Einstein