Mr. Speaker, I am very proud of the Canada child benefit that our government has instituted. It really simplifies life for families.
First, it is one benefit as opposed to three, so families will receive one payment every month. Second, it is tax-free, which means there will be more money in the pockets of families. Third, it is better targeted toward those who need it the most. This means that those who are very well off and do not need this benefit will not get cheques in the mail. The savings from that will be better targeted to those who need it the most.
Finally, the Canada child benefit is much more generous than existing programs. This benefit, in and of itself, will ensure that hundreds of thousands of children will be lifted out of poverty.