The Canada Child Benefit (CCB) is a tax-free monthly payment that is provided by the Government of Canada to eligible families to help with the cost of raising children. The CCB was introduced in 2016 and is designed to provide support to low and middle-income families with children under the age of 18.
The amount of the CCB payment is calculated based on several factors, including the number of children in the household, the age of the children, and the family’s net income. The benefit is means-tested, which means that the amount of the payment decreases as the family’s net income increases.
To be eligible for the Canada Child Benefit, a family must meet several criteria, including:
- Residing with the child and being primarily responsible for the child’s care
- Being a Canadian citizen, permanent resident, protected person, or temporary resident who has lived in Canada for at least 18 months
- Filing an income tax return each year, even if there is no income to report
The Canada Child Benefit is administered by the Canada Revenue Agency (CRA), and payments are made on a monthly basis. Families can apply for the CCB online or by filling out a paper application and mailing it to the CRA.