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Inflation drove post-pandemic spike in Canada Child Benefit costs: PBO
- The Office of the Parliamentary Budget Officer reported a $4.2 billion increase in Canada Child Benefit costs between 2022-23 and 2024-25, amounting to a 16% rise to $29.2 billion in 2024-25.
- Inflation, which was 8.1% in 2022, was the main driver of higher Canada Child Benefit costs as the benefit is indexed annually to inflation.
- The increase in costs from 2022 to 2025 surpassed the boost in expenses seen during the COVID-19 pandemic period.
- Rapid immigration growth contributed to higher costs by increasing the number of families eligible for the Canada Child Benefit.
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22 Articles
The Toronto Star+20 Reposted by 20 other sources
Inflation drove post-pandemic spike in Canada Child Benefit costs: PBO
OTTAWA - Ottawa's fiscal watchdog says a surge in inflation a few years back drove a substantial jump in the cost of delivering the Canada Child Benefit after the pandemic.
·Toronto, Canada
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Coverage Details
Total News Sources22
Leaning Left12Leaning Right0Center7Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 37%
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