The Aporia
Ottawa’s fiscal watchdog, the Office of the Parliamentary Budget Officer, reported that inflation caused a significant rise in costs related to the Canada Child Benefit post-pandemic. Between the benefit years 2022-23 and 2024-25, the program's cost surged by $4.2 billion, marking a 16% increase to reach $29.2 billion in total for 2024-25. The spike was attributed primarily to inflation peaking at 8.1% in 2022 and an uptick in immigration leading to more eligible families. During the pandemic, temporary boosts were given to help cope with economic uncertainty, but these costs did not rise as sharply compared to post-pandemic times.