Canada Child Benefit payments go out soon — Here's how much $ you can receive this July
You could be entitled to thousands of dollars.
A Canadian $20 bill inside of a Canada Revenue Agency envelope.
As of mid-July, Canadians can anticipate several payments from the Canada Revenue Agency (CRA), including the Canada Child Benefit (CCB).
With the soaring cost of living, it’s understandable that many Canadians, especially low-income families, are seeking ways to manage inflation. This could involve working additional hours, cutting costs wherever possible, or obtaining extra government assistance.
Ensuring you qualify for all available government benefits and credits is crucial, as you might be eligible for amounts ranging from hundreds to thousands of dollars.
Here’s a complete guide on the Canada Child Benefit and the amount you can expect to receive in the upcoming July payment.
What is the Canada Child Benefit (CCB)?
According to the CRA, the Canada Child Benefit (CCB) is a tax-free monthly payment provided to eligible families to assist with the expenses of raising children under 18.
The CCB may also encompass the Child Disability Benefit and various related provincial and territorial programs. Canadians should apply for the CCB immediately in any of the following circumstances:
- Your child is born.
- A child starts living with you or returns to live with you after a temporary stay with someone else.
- You begin, end, or modify a shared custody arrangement.
- You gain custody of a child.
Who is eligible to receive the Canada Child Benefit?
To be eligible for the Canada Child Benefit, you must meet the following criteria:
- Live with a child under 18 and be primarily responsible for their care.
- Be a resident of Canada for tax purposes, with Canadian citizenship, permanent residency, protected status, or other specified qualifications.
- Not receive CCB for a foster child when Children's Special Allowances (CSA) are payable.
- Be an individual who is registered or entitled to be registered under the Indian Act.
Additionally, you may qualify if you care for a child under a kinship or close relationship program, provided CSA is not payable for that child.
How much does the Canada Child Benefit pay?
Per the CRA, if your adjusted family net income is under $36,502, you can get the maximum amount for each child and it will not be reduced.
In this case, you can receive the following for each child:
- $7,787 per year ($684.91 per month) for children under six years of age
- $6,570 per year ($547.50 per month) for children six to 17 years of age
When do Canada Child Benefit payments go out?
The next Canada Child Benefit payment is set to go out on July 19, 2024.
The following CCB payments are as follows:
- August 20, 2024
- September 20, 2024
- October 18, 2024
- November 20, 2024
- December 13, 2024
This article's cover image was used for illustrative purposes only.