The program will cost a projected $27.2 billion this year.
canada child benefit
The plan calls for $27.2 billion over the next five years to reduce daycare costs.
The government offset the benefits of the lower tax rate by eliminating tax credits.
This year's federal budget deficit will reach an estimated $381.6 billion.
Per-person federal government program spending will reach an estimated $16,350 in 2020.
The Trudeau Liberals initially promised to run deficits for three years to finance spending increases.
The program provides benefits to roughly 90 per cent of Canadian families.