Financial Support for Kids: CCB, Activities & RESP
分享者：匿名 · 2026-08-27
1. Canada Child Benefit (CCB)
This is the federal program that provides a tax-free monthly payment to eligible families to help with the cost of raising children. The amount you receive is based on your household income.
2. Children's Activity/Fitness Tax Credit (Saskatchewan Active Families Benefit)
You mentioned a $500 tax credit for activities. The federal Children's Fitness Tax Credit (which used to be $500) was discontinued in 2017. However, because you are in Saskatchewan, you can use the provincial Active Families Benefit. As of recent budget updates, families with an income under $120,000 can claim up to $300 per child (or $400 for a child with a disability) for sports, cultural, and recreational activities.
3. Canada Education Savings Grant (CESG) for RESPs
Through the CESG, the federal government matches 20% of the money you put into your child's Registered Education Savings Plan (RESP). To get the maximum $500 per year deposited into the account by the government, you need to contribute $2,500 annually.