Do You Know Your Child’s Benefits In Canada?

Do You Know Your Child’s Benefits In Canada?

In previous articles, we highlighted some of the benefits of becoming a Canadian citizen or a permanent resident. These benefits extend to your children so long as they are below 18 years, they are regarded as dependent children.

But then, as an immigrant who recently just arrived in Canada, or as a family living in Canada, you will discover that it isn’t quite easy to raise a child in Canada especially if you are struggling to cope financially.

When you arrive in Canada with your family, you will have to face some challenges financial until you get a job which is totally normal.

Your child or children may suffer because of this, lacking a better and normal life as a child. In light of this, you may want to consider applying for a Canadian Child Benefit (CCB) to support you.

The Canadian Child Benefit (CCB) is an amount of money that eligible families in Canada are given to support them in training their child or children. There is no tax attached to this money. And it comes directly from Canada Revenue Agency with authorization from the Canadian government.

Your Canadian Child Benefits entitlement will be calculated by the Canadian Revenue Agency (CRA). Depending on the type of information collected from the income tax you have paid.

This means you have to maintain a go tax return for a one-year period whether or not you received any money.

The Canadian Government believes that this scheme will help remove or reduce the child poverty rates in the country and help the children get better life experience.

What are the requirements for the CCB?

  • As mentioned your child must be below the age of 18 years.
  • You as a parent must be responsible for the child’s care and well-being.
  • You must be resident in Canada with the child.
  • One or both of the parents or guardian must be a Canadian citizen, permanent resident, protected person, or temporary resident.

How much am I entitled to?

This question has confused so many in the past. Knowing how much you get for your child or children, totally depends on.

  • The number of children you have that are qualified for these benefit.
  • The ages of your children or child which determines their eligibility.
  • Then your income per year.

Putting all these factors into consideration, you might get an idea of the amount you will receive each year.

For Instance, for a household receiving a yearly income of $35,000 CAD per year, a child under the age of 6 years is entitled to $6,639 CAD and then children from 6 years to 17 years will be entitled to $5,602 CAD of the Canadian Child Benefit (CCB).

Originally posted 2019-10-25 18:00:07. Latest Buzz On IbuzzUp Media

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