Vancouver—Federal spending on benefits for eligible families with children through the Canada Child Benefit increased by 68.5 per cent from fiscal year 2014/15 to 2019/20—financed entirely by borrowing, finds a new essay released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Today, parents receive cash transfers from Ottawa that the next generation, namely their own children, will pay for in the future,” said Jason Clemens, executive vice-president of the Fraser Institute and co-author of Financing the Canada Child Benefit, part two of an essay series on the Canada Child Benefit.