The Canadian Child Benefit is crucial in ensuring children’s social security. The first payment of the year was released in early January, and recipients are now awaiting the next payment at the end of the month.
Due to inflation and the Cost of Living Adjustment (COLA), the benefit has been increased by $264.41. This increase will take effect in the coming months. Read on for more information and details on eligibility to claim the benefit.
Canada Child Benefits Of $264.41, 2024
The Child Benefit is a welfare program under the Canada Pension Plan (CPP), managed by the Canada Revenue Agency (CRA) and the Treasury Department. Families receiving child support will receive $295 monthly, children under six will receive $171.75, and those under six will receive $295.
Thanks to the COLA adjustment, child benefits will increase by $264.41 next month. Eligible guardians should be aware of this increase in their upcoming paychecks.
What Is the Child Disability Benefit?
Families with children with disabilities will receive an additional support payment of $1,127. The family’s contribution to tax credits also affects the total benefit amount. Some provinces offer extra support through state government funding, and these additional amounts are added to the child support benefit. Next month’s paycheck will also see a $264.41 increase.
Child Benefit Overview
- Article Name: $264.41 Child Benefits
- Responsible Administration: Canada Revenue Agency
- Country: Canada
- Age Limit: Under 18 years
- Benefit Frequency: Monthly
- Official Website: Canada.ca
Paycheck Increase for CCB in 2024
With the $295 addition to the monthly child benefit, eligible recipients will see an updated amount in the coming months. This increase represents a 3% margin over the years. The changes are outlined in the table below:
Benefit Plan |
Initial Amount |
Updated Amount |
|---|---|---|
Child Benefit (under 6 years) |
$294.12 |
$294.12 + $264.41 |
Child Benefit (above 6 years) |
$171 |
$171 + $264.41 |
Child Disability Plan |
$1,127 |
$1,127 + $264.41 |
The benefit amounts vary for each individual based on the family’s tax credit contributions and net income. Additionally, student applicants may receive financial support for institutional fees from provincial authorities.
Other Benefit Plans Under CCB
Children under custody will also receive the increased amount. The payment will go to the legal guardian or the person the child lives with. If both parents share custody, the couple will receive 50% each of their share.
Children eligible for survival benefits will also see an increase in their payments, along with the regular child benefit.
How to Claim the Benefit in 2024
Teenagers over 18 may also be eligible for the increased benefit plan. Children under orphanage care will receive a boost in payments. Here’s how to claim the benefit:
- The guardian must file tax credits for the previous year.
- There should be no pending tax returns at the time of benefit release.
- Applicants must update their information on the “My Account” portal.
- The insurance number provided during registration is required to receive the payment.
- If the applicant receives monthly payments from the CRA, they are eligible for the increased amount.
Guardians can check the status of their deposit through the official CRA portal or the “My Account” service.
For the convenience of applicants, the authorities have provided WhatsApp and phone options to check the status of applications.
Click the link to learn more.
