OCBE - Ontario Child Benefit Equivalent Fund
On June 26, 2008, the Minister of Children and Youth Services announced that the Provincial Government will provide new funding to Children’s Aid Societies for children and youth in care which will be equivalent to the Ontario Child Benefit.
Through the Activities Fund component of OCBE, children and youth in care between the ages of 0 and 17 will have greater access to recreational, educational, cultural, and social activities.
Savings Fund :
Ontario Child Benefit Equivalent Pooled Fund: When a youth turns 15 years old, money is deposited into a Savings Fund which can only be accessed when the youth turns 18 years of age. These funds are to assist with the transition from care to independent living and can be used to pay last month’s rent, to purchase furniture, or for tuition in post-secondary school. To gain access to the Savings Fund, each youth must first complete Financial Literacy Training. FINANCIAL LITERACY ONLINE TRAINING FINANCIAL LITERACY ONLINE TRAINING FINANCIAL LITERACY ONLINE TRAINING FINANCIAL LITERACY ONLINE TRAINING FINANCIAL LITERACY ONLINE TRAINING FINANCIAL LITERACY ONLINE TRAINING
On January 1, 2018, legislative amendments to the Child and Family Services Act (CFSA) to raise the age of protection were proclaimed. These amendments include the Voluntary Youth Services Agreement (VYSA) for youth who are 16 or 17. This cohort of youth is not in the legal care of a society, but they are provided with supports comparable to youth in care, and the society is responsible for the maintenance of youth in a VYSA. The provisions concerning the age of protection are carried forward in the
Child, Youth and Family Services Act (CYFSA).
On April 30, 2018, an amendment to Ontario Regulation 257/09 under the
Ontario Child Benefit Equivalent Act, which expands OCBE eligibility to include youth in a VYSA, will come into force.