The Canada Child Benefit (CCB) has been increased for 2024 to support families facing higher living costs. Families can now receive up to $7,787 annually for children under 6 and $6,570 for children aged 6 to 17. This article covers key details about eligibility, how payments are calculated, and payment schedules for 2024.
Canada Child Benefit (CCB) 2024
The CCB is a tax-free government benefit designed to assist families with children under 18 financially. As living costs rise, the CCB is adjusted yearly for inflation. In 2024, families can receive between $6,570 and $7,787 per child, depending on their age.
2024 Canada Child Benefit Amounts
The Canada Child Benefit is a vital financial resource for families. With the 2024 increase, families can better manage living expenses. Knowing the eligibility rules, calculating the potential benefit, and tracking payment dates helps ensure you fully utilize this program.
Benefit Breakdown
Benefit Type |
Child Age |
Annual Maximum Amount |
Monthly Maximum Amount |
|---|---|---|---|
Canada Child Benefit (CCB) |
Under 6 years old |
Up to $7,787 |
$648.91 |
Canada Child Benefit (CCB) |
6 to 17 years old |
Up to $6,570 |
$547.50 |
Disability Supplement |
All eligible children |
Up to $3,322 |
$276.83 |
What is the Canada Child Benefit (CCB)?
Launched in 2016, the CCB provides monthly, tax-free payments to help cover the costs of raising children. The amount depends on family income, the number of children, and whether any child qualifies for disability benefits. In 2024, the maximum annual benefit is $7,787 for children under 6, and $6,570 for those aged 6 to 17, reflecting a 4.7% increase due to inflation.
Payment Calculation Based on Income
- For Families Earning Under $36,502: They receive the maximum benefit amount per child.
- For Families Earning $36,502 to $79,087: Payments reduce by 13.5% for each dollar earned over $36,502.
- Example: For a family earning $60,000, the benefit would be reduced by around $3,172.
- For Families Earning Over $79,087: Payments decrease further by 5.7% for income over $79,087.
Canada Child Benefit Eligibility
To be eligible, families must:
- Be primarily responsible for the care of a child under 18.
- Be a Canadian resident for tax purposes.
- Either you or your partner must be a Canadian citizen, permanent resident, protected person, or hold valid temporary status for at least 18 months.
How to Apply for the CCB in 2024
To apply:
- For New Parents: Register your child’s birth in your province or territory, which usually triggers automatic CCB registration.
- Online Application: Apply via your CRA account.
- Paper Application: Submit Form RC66 with supporting documents, such as a birth certificate.
- For Newcomers: Provide proof of your status in Canada and file your tax returns.
Canada Child Benefit Payment Dates for 2024
CCB payments are scheduled monthly. The 2024 dates are as follows:
- January 19
- February 20
- March 20
- April 19
- May 17
- June 20
- July 19
- August 20
- September 20
- October 18
- November 20
- December 13
If a payment is missed, the CRA recommends waiting five business days before contacting them.
Detailed Breakdown of the Canada Child Benefit
Category |
Details |
|---|---|
Program |
Canada Child Benefit (CCB) |
Benefit Year |
July 2024 – June 2025 |
Max Benefit for Children
| Up to $7,787 per year ($648.91 per month) |
Max Benefit for Children 6-17 |
Up to $6,570 per year ($547.50 per month) |
Eligibility |
Canadian residents responsible for children under 18; income-based. |
Application Process |
Automatic upon birth registration or through CRA account or Form RC66. |
Income Threshold |
Maximum benefit for income ≤ $36,502; reductions start above this limit. |
Inflation Adjustment |
Indexed annually to inflation since 2018 to match rising living costs. |
Additional Benefits |
Disability benefit (up to $3,322 per child annually). |
Payment Dates (2024) |
Monthly; key dates include: Jan 19, Feb 20, etc., up to Dec 13, 2024. |
Purpose |
Supports low- to middle-income families, reducing child poverty. |
Conclusion
The Canada Child Benefit (CCB) is a critical financial support system for families, helping them manage the costs of raising children. The increase for 2024 ensures that families can cope with inflation and continue providing a stable environment for their children. Understanding eligibility, benefit calculations, and payment schedules allows families to maximize this vital benefit.
Click the link to know more
