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The Canadian residents will receive the next installment of the Canada Child Benefit (CCB) payment by October 20, 2023. There are two more monthly disbursements left for this year.

The Canada Child Benefit (CCB) is a tax-free monthly payment provided to eligible families to assist them in covering the expenses associated with raising children under the age of 18.

In an effort to alleviate the challenges posed by the increasing cost of living, Canada Child Benefit (CCB) payments were augmented by 6.3% in July 2023. Consequently, for this year, the CCB for children under the age of six has risen from a maximum of $6,997 annually to $7,437 annually.

For the 2023-2024 period, the income eligibility requirements for the Canada Child Benefit have been adjusted to accommodate inflation. This change aims to expand the number of eligible families who can receive the maximum monthly benefit.

2023 CCB Calculator for Canada Child Benefit

1. If You Have Just One Child

For the period covering monthly payments from July 2023 to June 2024, a household with an adjusted family net income (AFNI) of $34,863 in 2022 qualifies for the following maximum tax-free benefit for a single child:

• $7,437 annually or $619.75 per month for each child under the age of six
• $6,275 annually or $529.91 per month for each child between the ages of six and seventeen

It's important to note that this payment decreases if the family's adjusted net income exceeds $34,863, as indicated in the table below:

Please note that the amount of the Canada Child Benefit can vary based on several factors, including the family's annualized net income (AFNI), the number and age of eligible children, and the receipt of additional benefits. It is crucial to consider these factors when determining the specific amount of the benefit.

2. For Families with 2 Children

When you have two children, you will receive the maximum Canada Child Benefit (CCB) payment for each child, and there won't be any reduction in your payment if your adjusted family net income (AFNI) is below $34,863.

However, if your AFNI falls between $34,863 and $75,537, your total payment will be reduced by 13.5% of the income exceeding $34,863. If your AFNI exceeds $75,537, your CCB payment will be reduced by $5,491 plus 5.7% of your income exceeding $75,537.

3. For Families with 3 Children

If you have three children and your AFNI is less than $34,863, you will be eligible to receive the maximum CCB payment for each child without any reduction. However, if your AFNI falls within the range of $34,863 to $75,537, your total payment will be reduced by 19% of your income exceeding $34,863

For AFNI exceeding $75,537, your CCB payment will be reduced by $7,728 plus 8% of your income exceeding $75,537.

4. For Families with 4 Children or More

In the case of families with four children or more, you are entitled to the maximum CCB payment for each child without any reduction if your AFNI is below $34,863. But if your AFNI falls between $34,863 and $75,537, your total payment will be reduced by 23% of your income exceeding $34,863.

If your AFNI exceeds $75,537, your CCB payment will be reduced by $9,355 plus 9.5% of your income exceeding $75,537.

Eligibility for Canada Child Benefit (CCB)

To qualify for the Canada Child Benefit (CCB), you need to meet the following criteria:

• Child's Age: You must reside with a child who is under 18 years old.
• Care Responsibility: You should be the primary caregiver responsible for the child's care and upbringing.
• Canadian Residency: You need to be a resident of Canada for tax purposes.
• Applicant Status: You, your spouse, or your common-law partner must fall into one of the following categories:

• Canadian citizen
• Permanent resident
• Protected person

• Temporary resident who has lived in Canada for the previous 18 months and possesses a valid permit in the 19th month (excluding permits that state "does not confer status" or "does not confer temporary resident status")
• An individual registered or entitled to be registered under the Indian Act.

Also Read: IRCC Opens Parents and Grandparents Lottery 2023

How to Apply for Canada Child Benefit (CCB)?

The process for applying for the Canada Child Benefit (CCB) is straightforward. You should apply as soon as any of the following situations apply to you:

• When your child is born.
• When a child starts living with you or returns to your care after a temporary period with someone else.
• When you initiate, end, or modify a shared custody arrangement.
• When you gain custody of a child.
• When you, your spouse, or common-law partner meet the eligibility conditions.

You have three application options:

• Through Birth Registration: You can apply via birth registration.
• Online through My CRA Account: Apply online by accessing your My CRA account.
• By Mail: Utilize Form RC66, Canada Child Benefits Application, and submit your application by mail.

CCB Payment Dates for 2023

The payment dates for CCB in 2023 are as follows:

• October 20, 2023
• November 20, 2023
• December 13, 2023

New CCB Payment Amounts in Canada

The annual CCB payment amounts in Canada are as follows:

• For children under the age of 6: $7,437 annually or $619.75 per month.
• For children between the ages of 6 and 17: $6,275 annually or $522.91 per month.

Also Read: Canada Continues Visa Processing For Indian Nationals

Canada Child Benefit Phone Numbers

Contact the Canada Revenue Agency (CRA) for CCB inquiries at the following numbers:

• For all regions except Alberta, Yukon, Northwest Territories, and Nunavut: 1-800-387-1193
• For Alberta: 1-800-959-2809
• For Yukon, Northwest Territories, and Nunavut: 1-866-426-1527
• Operating hours are from Monday to Saturday (local time), with the exception of Sundays and public holidays.

Understanding CCB Notice

The CRA issues a Canada Child Benefit Notice within 80 calendar days of receiving your CCB application. This notice details the amount of your benefit and how it was calculated.

Adjusted Family Net Income (AFNI)

AFNI is calculated as follows:

• Start with the family net income (line 23600 of your tax return and your spouse's or common-law partner's tax return).
• Subtract any universal child care benefit (UCCB) and registered disability savings plan (RDSP) income received (line 11700 and line 12500 of your or your spouse's tax return).
• Add any UCCB and RDSP amounts repaid (line 21300 and line 23200 of your or your spouse's tax return).

CCB Payment Recalculation

Your CCB benefit is recalculated every July based on your adjusted family net income from the previous year. It's indexed to inflation. For instance:

• Payments from July 2023 to June 2024 are based on your adjusted family net income from 2022.
• Payments from July 2022 to June 2023 are based on your adjusted family net income from 2021.
• In other words, changes in your income in 2022 will only impact your payments starting in July 2023.

Provincial Child Benefits in Canada

In Canada, certain provinces and territories provide additional financial assistance to support families in covering the expenses of raising children. Some of these benefits are provided separately, while others are combined and provided along with the Canada Child Benefit (CCB) payment.

To learn more about the specific provincial or territorial child benefits available to you, click on the official links provided for your province or territory:

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FAQs

1. What is the Canada Child Benefit (CCB)?

The Canada Child Benefit (CCB) is a tax-free monthly payment provided to eligible families to assist them in covering the expenses associated with raising children under the age of 18.

2. Has there been any change in CCB payments recently?

Yes, in July 2023, Canada Child Benefit (CCB) payments were increased by 6.3%. Consequently, for this year, the CCB for children under the age of six has risen from a maximum of $6,997 annually to $7,437 annually.

3. What are the income eligibility requirements for CCB in 2023-2024?

For a household with one child, an adjusted family net income (AFNI) of $34,863 in 2022 qualifies for the maximum benefit. The eligibility requirements have been adjusted to accommodate inflation for the 2023-2024 period.

4. How is the CCB calculated for families with different numbers of children?

The CCB payment varies based on the family's adjusted net income (AFNI) and the number and age of eligible children. The payment decreases as the AFNI exceeds $34,863, and the reduction percentages are different for different income ranges.

5. How can I apply for the Canada Child Benefit (CCB)?

You can apply for CCB in three ways:

• Through birth registration.
• Online via your My CRA account.
• By mail using Form RC66, Canada Child Benefits Application.