As August draws to a close, eligible Canadians can look forward to receiving several payments from the Canada Revenue Agency (CRA), including the Canada Child Benefit (CCB). With amounts ranging from hundreds to thousands of dollars, it’s essential to ensure you qualify for all available government benefits and credits.
This article provides a complete guide to the Canada Child Benefit and details how much you can expect to receive in your August payment.
Table of Contents
What is Canada Child Benefit (CCB)?
The Canada Child Benefit (CCB) is a tax-free monthly payment provided by the CRA to help eligible families with the costs of raising children under 18 years of age.
In addition to the basic benefit, the CCB may include the Child Disability Benefit and other related provincial and territorial programs. If any of the following circumstances apply to you, it’s important to apply for the CCB right away:
- Your child is born.
- A child starts living with you or returns to live with you after staying with someone else.
- You begin, end, or modify a shared custody arrangement.
- You gain custody of a child.
Who is Eligible for Canada Child Benefit?
To be eligible for the Canada Child Benefit, you must meet the following criteria:
- Live with a child under 18 and be primarily responsible for their care.
- Be a resident of Canada for tax purposes, with Canadian citizenship, permanent residency, protected status, or other specified qualifications.
- Not receive CCB for a foster child when Children’s Special Allowances (CSA) are payable.
- Be an individual who is registered or entitled to be registered under the Indian Act.
Additionally, you may qualify if you care for a child under a kinship or close relationship program, provided CSA is not payable for that child.
How much is Canada Child Benefit?
The amount you receive from the Canada Child Benefit depends on your adjusted family net income. If your income is under $36,502, you are eligible for the maximum benefit amount, which will not be reduced.
Here’s what you can receive for each child:
- $7,787 per year ($684.91 per month) for children under six years of age.
- $6,570 per year ($547.50 per month) for children aged six to 17 years.
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CCB payment dates 2024
Mark your calendars—the next Canada Child Benefit payment is scheduled for August 20, 2024.
The upcoming payment dates are as follows:
- September 20, 2024
- October 18, 2024
- November 20, 2024
- December 13, 2024
Make sure you’re receiving the full benefit you’re entitled to by staying informed and meeting all the eligibility requirements.