Canada Child Benefit Is Like Free Money For Your Child’s Future!

Think about the Canada Child Benefit (CCB) like this: what would you do if you found $100 bill on the sidewalk in front of your house Every Month? How happy would you be? Now for the philosophical question: would you spend it or save it?

If you’re like most people today, you’d likely be really tempted to spend it, and that’s ok. After all it’s found money and it’s a great feeling since you weren’t expecting it, you didn’t have to work one hour extra to earn it and you don’t have to pay a single penny of taxes for it.

That’s the feeling I get every time we receive our Canada Child Benefit for our daughter Ellie. It’s Free Money from the Government deposited in our bank account every month until she turns 18. I didn’t have to work one day to earn it, there is no restrictions on how I use it and I don’t have to pay taxes for it.

While I understand how parents today are struggling to pay for life’s expenses, especially child care and other child related expenses, the Canada Child Benefit you receive every month is just like finding Free Money that you weren’t expecting, every single month.  

What if instead of using the money to cover daily expenses or spending it, you decided to invest this Free Money for your child’s future? There are so many things you need to pay for today and this could really help.

What if the $41,280 Canada Child Benefit could set up your child’s entire future and you didn’t need to add one dollar of your own money? If you smartly invested that free money, when your child turns 20 and decides to study abroad it would be worth as much as $69,000.  Or when they turn 35 and want to buy their own home, it would be worth $180,000. And what if the investment you set up for their future also paid your child a tax free annual dividend for life? What an incredible opportunity for your child.

Here’s a summery:

  • Tax free found money in your bank account every year until they turn 18
  • A tax free dividend every year for life
  • You could give them their gift completely tax free anytime after they turn 18
  • And they could one day use the Free Money for any education they want, buy a home or for anything they will need or dream of in life

In another scenario, let’s say you’re a family who’s combined income is $95,000 per year and have your first baby. You will receive a Canada Child Benefit each month tax free based on your family income $249 per month from new born to age 6 and $166 from age 6 until they turn 18 which adds up over 18 years to $41,280 of Free Money for your child’s future completely tax free!

Imagine not having to stress every month, after working long hours, paying all the taxes on the income you worked so hard for and then paying all the expenses of finding money somewhere to save for your child’s future? I can say from experience, it’s a fantastic feeling.

Insurance for Children is Canada’s leader in financial planning for children. Our goal is to educate and empower families on how to invest for their children’s future.

If information is power, then education is empowerment!

Michael Lampel, President and Founder of

Sample illustration of Child Plan™ Cash and Insurance Values

Based on a Monthly Deposit of $250 per month

Age Accumulated Cash Value Life Insurance Value
20 $82,568 (Education) $612,728
35 $177,953 (House) $1,115,297
45 $303,299 (Security) $1,115,297
65 $834,276 (Retirement) $1,666,824

Sample illustration is based on a monthly contribution of $8.32 a day/$250 a month for twenty years, starting when the child is less than 1 years old. Cash and life insurance values are based on the current dividend interest rate of 6% from a Canadian life insurance company. This example is strictly for illustrative purposes only, the annual dividend scale is not guaranteed and values may differ.

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*illustrations are reflective of the annual premium amount

To learn more how Child Plan will provide your child with the funds for their future education and financial security for life, book a virtual meeting with a Child Plan Advisor.

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