What is the
Canada Child Tax Benefit?
The Canada Child Tax Benefit (CCTB) is a tax-free monthly payment made to eligible Canadian families to help them with the cost of raising children under age 18.
The funds can be used for any expense, it's up to you. The CCTB may include the National Child Benefit Supplement (NCBS), a monthly benefit for low-income families with children (often referred to as the baby bonus), and the Child Disability Benefit (CDB), a monthly benefit providing financial assistance for qualified families caring for children with severe and prolonged mental or physical impairments.
Parents receive the money each month, based on the annual income of the household and the number of children . The actual amount you receive is based on your most recent tax return, and is changes every June to reflect your most current income.
How do I apply?
You may apply immediately following your child's birth. It takes about eight to ten weeks to process your application. You will receive the money retroactively to the first month after the child was born. Generally, the hospital (or midwife in case of a home birth) will have the application form for you.
The online application form can be found at:
http://www.cra-arc.gc.ca/E/pbg/tf/rc66/rc66-04e.pdf
How much will I receive?
To calculate how much you should expect to receive, follow this link to the Revenue Canada website.
http://www.cra-arc.gc.ca/benefits/calculator/menu-e.html
The basic benefit is $102.33 per month for each child under the age of 18
an additional $7.16 per month for your third and each additional child; and
an additional $20.25 per month for each child under the age of seven.
If you do not qualify using the previous year's income when you first apply, your situation will be re-evaluated every July using the most recent year's income information, or when you have another baby.
Are you eligible?
To be eligible to receive the CCTB, you must live with the child and be a resident of Canada for income tax purposes.
