You will see changes to your child benefits starting in July 2016. Below you’ll find some information to help you understand these changes.
What is the Canada Child Benefit (CCB)?
The Canada child benefit is a monthly tax-free payment for families with children under the age of 18. It will replace the Canada child tax benefit (CCTB), national child benefit supplement (NCBS), and the universal child care benefit (UCCB).
Who can receive the CCB?
If you have children under 18 you are most likely eligible to receive the CCB.
Do you need to apply to get the CCB?
If you already received the CCTB or UCCB, you don’t need to apply. However, both you and your partner must file your 2015 tax return.
How much CCB will you get?
The amount of money you receive depends on two things:
- the number of children in your care; and
- your family net income
- check out the below benefits calculator for more information