The Ontario Child Benefit (OCB) is a financial assistance program designed to help low- to moderate-income families with the cost of raising children. In 2024, the OCB continues to provide support to eligible families across the province.
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Eligibility
To be eligible for the Ontario Child Benefit in 2024, you must:
- Be a resident of Ontario: You must live in Ontario and be responsible for the care of a child under the age of 18.
- Qualify for the Canada Child Benefit (CCB): Your eligibility for the OCB is tied to your eligibility for the CCB. You must have applied for and be receiving the CCB.
- Meet income requirements: The benefit amount is determined based on your family’s net income. As your income increases, the amount of OCB you receive decreases.
Amount
The amount you can receive from the Ontario Child Benefit varies based on your income and the number of children in your care. As of 2024, the maximum annual benefit is approximately $1,512 per child. This amount is provided in monthly installments and is combined with your CCB payment.
Payment Dates
The Ontario Child Benefit is paid out monthly, on the same schedule as the Canada Child Benefit. For 2024, the payment dates are as follows:
- January 19, 2024
- February 20, 2024
- March 20, 2024
- April 18, 2024
- May 20, 2024
- June 19, 2024
- July 19, 2024
- August 20, 2024
- September 20, 2024
- October 19, 2024
- November 20, 2024
- December 19, 2024
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The Ontario Child Benefit in 2024 continues to provide essential financial support to eligible families, helping to cover the costs of raising children. By understanding your eligibility, the amount you can receive, and the payment dates, you can better plan your finances and ensure you are taking full advantage of this benefit. If you’re unsure about your eligibility or how much you could receive, it’s a good idea to check with the Ontario government or consult with a financial advisor.