Do you know why the federal government gives Canada Child Benefit (CCB) payments to parents? It is because kids and debt are both 4-letter words and expensive.
For some parents, the costs that accompany the care and upbringing of children can strain their finances. From housing to education, clothing to food, parents struggle to pay bills. Some parents take out a personal loan because of the cost of braces or unforeseen bills.
If you are a low to middle-income earner or if you have a low credit score, the impact of adding kids to the budget is devastating.
That is why both the federal and provincial governments provide many programs to help reduce parents’ financial burden. Some programs put money directly into parents’ bank accounts on a regular basis, while others provide federal tax credits and GST/HST rebates.
One popular type of benefit program is the Canada Child Benefit (CCB).
What Is The Canada Child Benefit (CCB)?
The CCB is a tax-exempt benefit program, part of the FPT system of tax incentives and is available for eligible families with children under 18 years of age. The program’s goal is to help alleviate poverty by providing struggling parents with access to government-sponsored financial aid. The amount you receive is dependent on your household income. Households with higher incomes receive reduced CCB payments.
Canada Child Benefit Payment Dates 2023
The CCB payment period starts in July and ends in June every year. Generally, you should receive your first payment 8 weeks after sending your online application and 11 weeks if you send it by mail. The CCB payments will be sent out to qualified applicants on the following dates:
|Canada Child Benefit (CCB) Payment Dates in 2023|
|January 20, 2023|
|February 20, 2023|
|March 20, 2023|
|April 20, 2023|
|May 19, 2023|
|June 20, 2023|
|July 20, 2023|
|August 18, 2023|
|September 20, 2023|
|October 20, 2023|
|November 20, 2023|
|December 13, 2023|
Please note that if your total yearly CCB payment is less than $240, you will not receive monthly payments. Instead, you’ll receive it in one lump sum in July.
Do You Qualify For CCB Payments?
To qualify for the CCB, you must be the primary caregiver for a child under 18 years of age, live with them, and be a Canadian resident for tax purposes. Also, you or your spouse must be considered at least one of the following:
- A Canadian citizen
- A permanent resident
- A protected person
- A temporary resident who’s lived in Canada for a minimum of 18 months or has a valid permit
- An indigenous person (as defined under the Indian Act)
Check out these additional tax credits and benefits for parents.
How Much Can You Get Through The Canada Child Benefit?
If you have an adjusted net family income (AFNI) family income of $34,863 or less, you should receive the maximum benefit.
If you file your taxes by the due date of April 30th, you’ll receive payment from July that year to June the next year. The maximum you can receive is $7,437 annually for each child under the age of 6 and up to $6,275 for each child between the ages of 6 and 17. If you share custody of your children, you’ll get 50% of what you’d have received if you had full custody.
Maximum CCB Payments 2023
|Per Year||Per Month|
|Children under the age of 6||$7,437 per child||$619.75 per child|
|Children between 6 and 17 years of age||$6,275 per year||$522.91 per child|
The government will calculate the monthly amount you qualify for based on your previous year’s tax return. You can use the Government of Canada website CCB calculator to get an idea of what monthly payment you can expect to receive.
How Is Your CCB Payment Amount Calculated?
The size of your CCB benefit is calculated using several factors, including:
- The number of children you have
- Your family’s adjusted net income (AFNI)
- Whether your child is eligible to receive the child disability benefit
- Your marital status
- Your residence and whether you qualify for provincial benefits
How Income Affects Your Canada Child Benefit Payment
Your family’s net income is a crucial factor that impacts the amount of money you are entitled to under the CCB program. If your family’s net income is $34,863 or less, you’ll receive the maximum payment. However, if your income goes above this, your payment amount will be decreased by a certain percentage. Want to know how much you’re entitled to? The Government of Canada has an online calculator you can use to calculate whether you’re eligible and what your CBB payments will be.
For example, if you have 2 children under the age of 6, the maximum you can receive is $7,437 per child, that’s $14,874 per year.
However, let’s say you have a family net income of $95,000. Your benefit would be reduced by $5,491 + 5.7% of your income over the threshold ($75,537).
That means you’d qualify for $8,273.61. Below is an illustration of the CCB payment calculations.
- Take your income and subtract it from the income threshold: $95,000 – $75,537 = $19,463 (income over threshold)
- Take the income over the threshold and multiply it by the reduction percentage: $23,940*5.7% = $1,109.39
- Add the fixed amount to your reduction: $1,364.58 + $5,491 = $6,600.39
- Minus the maximum benefit by your reduction amount = $14,874 – $6,600.39 = $8,273.61
CCB Payment Reductions Depending On Income Level And Number Of Children
|Number of children||Family net income over $34,863 and up to $75,537||Family net income over $75,537|
|1||7% of your income above the threshold||$2,847 + 3.2% of your income above the threshold|
|2||13.5% of your income above the threshold||$5,491 + 5.7% of your income above the threshold|
|3||19.0% of your income above the threshold||$7,728 + 8%of your income above the threshold|
|4 +||23.0% of your income above the threshold||$9,355 + 9.5% of your income above the threshold|
Need help paying for your child’s education? Check out these tax credits and deductions for students.
How Do You Apply For The Canada Child Benefit?
There are two ways to apply for the CCB: through birth registration or an application with the CRA.
CCB Application Method 1. Birth Registration
The first method requires completing paperwork at the hospital or medical centre where your child was born. You can fill out and submit this information when you register the birth of your child. If you live in Ontario, British Columbia, or Quebec, you can complete the registration process online. Ensure you give your consent and provide all the necessary details to the Vital Statistics Agency so it can pass on your information to the CRA.
Are you a single parent? Check out these loans for single parents.
CCB Application Method 2. CRA Application
If you didn’t apply for the CCB upon your child’s birth, you can do so online through the CRA website. Simply log in to your personal CRA account, confirm your details, and provide the required information on your child, such as their name, date of birth, etc.
If you opt to apply by mail, you’ll have to fill out form RC66 and send it to a local tax center. You may also need to include additional documents with your application, depending on your circumstances:
- Child’s proof of birth – A valid proof of birth is needed for any child who has not received benefits from the CRA and was born outside of Canada or born in Canada and is at least one year old.
- Letter from the female parent – A signed letter from the female parent confirming that the male parent is primarily responsible for the care and upbringing of the child, should this be the case. A letter is not required if the child is mainly under the care of the female parent.
- Miscellaneous documents for a period that began 11 months ago – If your child started living with you 11 months ago, you must provide documentation that confirms your citizenship status and prove that you reside in Canada. You’ll also need to provide proof of birth and that you’re the child’s primary caregiver.
Provincial Child Benefit Programs In Canada
- The Newfoundland And Labrador Child Benefit
- The Ontario Child Benefit (OCB)
- Nova Scotia Child Benefit (NSCB)
- Alberta Child and Family Benefit (ACFB) Payment Dates
What Is The Canada Child Benefit Young Child Supplement (CCBYCS)?
The CCBYCS is an extra tax-free payment that families receive for expenses in 2021. Keep in mind that this program ended on December 31, 2021. But, if you want to claim retroactive payments, you and, if applicable, your common-law partner/spouse must have an assessed 2019 and 2020 tax and benefit return. The last day to apply for any retroactive CCBYCS payment is December 23, 2023.
Canada Child Benefit Young Child Supplement (CCBYCS) Payment Amount
As mentioned, the maximum you can receive is $1,200 per child for the year. You can expect to receive $300 per child if your income is less than $120,000 and $150 per child if it’s more than $120,000.
Are There Other Benefits I Can Receive For My Child?
Yes, there are provincial child benefit programs available. Some work in tandem with the CCB benefit, meaning you can expect the provincial portion to be added directly to your CCB payments. The provinces that follow this payment structure are:
- British Columbia
- New Brunswick
- Nova Scotia
- Northwest Territories
- Newfoundland and Labrador
In July 2020, Alberta combined the Alberta Child Benefit and Alberta Family Employment tax credit into the Alberta Child and Family Benefit program. Quebec has several child benefit programs:
- Family Allowance payment
- Supplement for Handicapped Children Requiring Exceptional Care
- Supplement for the Purchase of School Supplies
The CCB is a program that you should investigate if you have children or plan to in the near future. It’s easy to apply for, and you can expect regular monthly payments for as long as you remain eligible. Also, utilizing the CCB won’t disqualify you from other income support benefits, such as the GST/HST rebate and disability tax credit. Having access to extra funds when raising a family is always helpful, so ensure you take advantage of the CCB as well as its provincial equivalents.
Canada Child Benefit (CCB) 2023 FAQs
Why have my CCB payments stopped?
- You didn’t file your tax return.
- You didn’t respond to an inquiry from the CRA.
- You failed to inform the CRA of a change in your bank account or address.
- Your income increased substantially to where you don’t qualify for any CCB benefits.
- You no longer meet the eligibility criteria for CCB benefits.
- You had a change in your marital status.