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How much will parents get under the proposed child benefit program?

Carter’s Inc. manufactures apparel for babies and small children.

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The new federal Liberal government has proposed a new Canada Child Benefit benefit to replace a more complicated system of three separate programs. The one program would depend on your income - the less you earn, the more you get, and vice-versa - and the payments are non-taxable.

In this video, Preet Banerjee works through the math of how the new program will calculate your benefits, depending on how many kids you have and how much you earn.

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About the Author
Personal Finance columnist

Preet Banerjee is a consultant to the financial services industry. You can follow him on twitter at  @PreetBanerjee. You can find his conflict of interest disclosure on his website. More

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