No matter where you live, it’s pretty expensive to raise a child, let alone a whole family. For instance, in places like Nova Scotia, where the birth rate can be relatively high, the average yearly cost of living for a child comes to about $10,000 to $15,000 until they turn 18. There’s also childcare, schooling and recreational activities to think about.
Luckily, several federal and provincial/territorial programs are available in Canada that are meant specifically for parents, such as the Nova Scotia Child Benefit. Keep reading to learn what this financial benefit is and if you’re eligible to receive it.
What Does The Nova Scotia Child Benefit (NSCB) Cover?
Every province and territory offers different government benefits to individuals, parents, families and households. In the case of Nova Scotia, the Canada Revenue Agency (CRA) administers two childcare-related programs, known as the Nova Scotia Child Benefit (NSCB) and the Nova Scotia Affordable Living Tax Credit (NSALTC).
Here’s how the Nova Scotia Child Benefit (NSCB) works:
- In a continuing effort to combat poverty in Nova Scotia, the provincial government offers the Nova Scotia Child Benefit to households that have low to moderate incomes and children who are under the age of 18 living at home.
- If the household qualifies, they will receive a specific monthly amount per eligible child. The NSCB can then be combined with the federally funded Canada Child Benefit (CCB) and sent to the receiver by mail or direct deposit as one payment.
- The expansion of the 2020 – 2021 NSCB budget comes courtesy of an $18 million investment from the government, making it the single largest financial increase that the program has seen since its introduction back in 1998.
Check out these tax considerations for parents.
Once received, the Nova Scotia Child Benefit (NSCB) can be used to cover:
- School expenses (tuition, supplies, etc.)
- Childcare costs (daycare fees, healthcare, etc.)
- Cost of living (groceries, activities, etc.)
Need extra financial help? Find out if you qualify for income assistance.
How Much Can You Get Under The Nova Scotia Child Benefit (NSCB)?
Depending on your household composition and income, the amount you’ll qualify for will vary. Below, the table depicts how much you’ll get based on the number of children you have and your household income.
NSCB Qualification & Rates 2023
$0 – $25,999 Per Year
$26,000 – $33,999 Per Year
|1 Child||– $106.25 monthly|
– $1,275 yearly
|– $106.25 monthly|
– $1,275 yearly
|2 Children||– $212.50 monthly|
– $2,550 yearly
|– $159.37 monthly|
– $1,912.50 yearly
|3 Children||– $318.75 monthly|
– $3,825 yearly
|– $212.50 monthly|
– $2,550 yearly
|Per Additional Child||– $106.25 monthly per extra child|
– $1,275 yearly per extra child
|– $53.12 monthly per extra child|
– $637.50 yearly per extra child
What Are The Nova Scotia Child Benefit (NSCB) Payment Dates?
As mentioned, the provincial and federal governments recently started allowing Nova Scotia families to combine their NSBC with their Canada Child Benefit (CCB) into one payment. Meaning the NSCB payments dates will be the same as the CCB payments dates.
Another great thing about the Nova Scotia Child Benefit is that your household/family does actually need to apply for it or the Canada Child Benefit. Your ability to qualify for the NSCB and CCB is based on the date you file your personal income tax return.
If your family has only recently become eligible for these benefits or you file your taxes after the federal due date has passed, your tax return may need to be reassessed or retroactively corrected, which can lead to staggered payment delivery times.
Check out these tax tips for low income earners.
|NSCB Payment Dates 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|
Who Is Eligible For The Nova Scotia Child Benefit (NSCB)?
In the past, the NSCB was reserved for households that were earning adjusted net incomes of $26,000 or less yearly. However, as of July 2020, households with incomes of $26,000 – $34,000 can become eligible to receive all or a portion of the NSCB.
Additionally, the government recently increased the amount of money that an eligible Nova Scotian family can receive for their first child from $625.00 to $925.00 a year. Remember, your approval chances and payment amount are based on how many children you have, as well as your household adjusted net income for the year.
How To Apply For The Nova Scotia Child Benefit
Like many of the other financial benefits we have in our country, the Nova Scotia Child Benefit is handled by the Canada Revenue Agency. As such, no one in your household has to apply in order to receive the NSCB or the combined Canada Child Benefit. Your household’s eligibility and payment dates are determined after you file your taxes.
Prescription Drug Coverage For Children
As a resident of Nova Scotia, you may also qualify for the provincial government’s Low Income Pharmacare For Children program, which can provide coverage for your child’s prescription medications. Despite the actual market cost of the drug, eligible parents should not have to pay more than $5.00 for any prescription.
Families that normally receive financial aid from the government, like the Disability Support Program or income assistance, can qualify for this type of coverage too.
If you’d like to apply for the Low Income Pharmacare For Children program, just complete the proper forms, then mail or fax them to the Nova Scotia Department of Community Services. Before you apply, keep in mind that your household must already qualify for the Nova Scotia Child Benefit (NSCB) to become eligible for this program.
Looking To Receive The Nova Scotia Child Benefit (NSCB)?
Covering all your child’s financial needs can be extremely difficult if you don’t have the right amount of support from the government or those around you. Don’t worry, if you’re a Nova Scotia resident with a low to modest income and one or more children under the age of 18, then chances are you can qualify for the Nova Scotia Children Benefit.