The Canada Child Benefit (CCB) provides essential financial support for families raising children under 18, helping to offset the rising cost of living.
For 2024, the CCB offers increased payments of up to $7,787 annually per child under six and $6,570 annually per child aged 6–17. These tax-free payments, indexed to inflation, aim to ease the financial burden for low- and middle-income families.
Here’s a comprehensive guide to eligibility, application, and payment dates for 2024.
What Is the Canada Child Benefit (CCB)?
Introduced in 2016, the Canada Child Benefit is a government program providing tax-free monthly payments to families with children. The amount varies based on factors like:
- The number of children.
- The children’s ages.
- The family’s adjusted family net income (AFNI).
For 2024:
- Families with children under 6 years old can receive up to $7,787 annually ($648.91/month).
- Families with children aged 6–17 can receive up to $6,570 annually ($547.50/month).
- Families with eligible children with disabilities can receive an additional $3,322 annually ($276.83/month).
Key 2024 Updates:
- Payments are indexed to inflation, reflecting a 4.7% increase from 2023.
- Benefits are reduced as family income increases beyond $36,502.
Eligibility Requirements
To qualify for the CCB, you must meet the following criteria:
- Primary Caregiver: You must be primarily responsible for the care and upbringing of a child under 18.
- Residency: You must be a Canadian resident for tax purposes.
- Status in Canada:
- You or your spouse/common-law partner must be:
- A Canadian citizen.
- A permanent resident.
- A protected person.
- A temporary resident with valid status for at least 18 months.
- You or your spouse/common-law partner must be:
- Income Tax Filing: You must file your income tax return annually to determine your eligibility and benefit amount.
How CCB Payments Are Calculated
The CCB payment is determined based on your adjusted family net income (AFNI) from the previous tax year.
Income Thresholds:
- Families earning ≤ $36,502 annually:
- Eligible for the maximum benefit.
- Families earning $36,502–$79,087 annually:
- Payments are reduced by 13.5% for each dollar over $36,502.
- Families earning > $79,087 annually:
- Payments are further reduced by 5.7% for income exceeding $79,087.
Example Calculation:
If your AFNI is $60,000 and you have a child under six:
- Reduction = ($60,000 – $36,502) × 13.5% = $3,172.
- Adjusted annual benefit = $7,787 – $3,172 = $4,615.
How to Apply
Automatic Registration for New Parents
- When you register your child’s birth with your province or territory, you’re automatically enrolled for the CCB.
Applying Manually
If your child wasn’t automatically registered, follow these steps:
- Log in to Your CRA Account:
- Visit CRA My Account.
- Complete Form RC66:
- Submit the Canada Child Benefits Application form along with required documents (e.g., birth certificate, proof of residency).
- For Newcomers:
- Provide proof of immigration status and submit a tax return for your first year in Canada.
Payment Dates for 2024
CCB payments are made monthly, typically by the 20th of each month.
| Month | Payment Date |
|---|---|
| January | January 19 |
| February | February 20 |
| March | March 20 |
| April | April 19 |
| May | May 17 |
| June | June 20 |
| July | July 19 |
| August | August 20 |
| September | September 20 |
| October | October 18 |
| November | November 20 |
| December | December 13 |
Additional Benefits
Families with children eligible for the Child Disability Benefit (CDB) can receive up to $3,322 annually per child. This benefit is added to the regular CCB payments.
Missed Payments
If you don’t receive your payment on the expected date, the Canada Revenue Agency (CRA) advises waiting at least five business days before contacting them.
The Canada Child Benefit (CCB) is a vital program for Canadian families, offering much-needed financial assistance. With increased payment amounts for 2024, it’s more important than ever to ensure you’re eligible and have submitted all necessary information. Regularly check your CRA account to stay informed about your payments and maximize your benefits.
