The Canada Child Benefit (CCB) is a tax-free monthly payment made to eligible families to help them with the cost of raising children under 18 years of age. For August 2024, some families may receive a payment of $648.91, depending on their income and the number of children they have.
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Eligibility Criteria
To qualify for the CCB, you must meet the following criteria:
- Be a Canadian Resident: You and your child must be Canadian residents.
- Primary Caregiver: You must be the person who primarily fulfills the responsibility of raising the child.
- File Tax Returns: Both you and your spouse or common-law partner, if applicable, must file an income tax return each year.
- Income Requirements: The amount you receive depends on your adjusted family net income. Families with lower incomes receive higher CCB payments.
How the Amount is Determined
The payment amount of $648.91 in August 2024 is an example and could vary based on your individual situation. The CCB payment you receive is calculated based on your family’s income and the number of eligible children. Higher-income families receive lower benefits, while lower-income families may receive the maximum amount.
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Payment Dates
CCB payments are typically made on the 20th of each month. For August 2024, you can expect the payment to be issued on:
- August 20, 2024
If you do not receive your payment on this date, it is advised to wait five business days before contacting the Canada Revenue Agency (CRA).
The CCB is a vital support for many Canadian families, providing assistance with the costs of raising children. If you’re eligible, ensure that your tax returns are up-to-date to receive the payment on time. If you’re unsure about your eligibility or the amount you should receive, you can check your CCB entitlement by logging into your CRA account or using the CRA’s Child and Family Benefits Calculator.