Canada Child Benefit was introduced to financially support people in raising their children. Inflation was becoming a critical cause of high prices of almost everything. The Canada Revenue Agency (CRA) decided to initiate this program which is a non-taxable payment received by the eligible families each month. The CCB has helped a lot of families in raising their children and providing them a happy and healthy life.
Child Disability Benefit (CDB) payment is also included with the payment of CCB. Children under the age of 18 are only eligible for Canada Child Benefit.
If your child is enrolled in CCB, then he/she might also be eligible for other provincial, territorial and federal benefits administered by the Canada Revenue Agency such as CAIP and GST/HST.
Canada Child Benefit Increase In September 2024
Yes, for this year, Canada Child Benefit is going to increase to up to 6.3%. The Canadian government is making these changes to financially support
the families particularly those who are facing economic crisis, due to inflation.
Payment amounts
- Children who are under the age of 6, and their families are eligible to receive $7,437 annually. They will be getting $619.75 monthly.
- Children who come under the age group of 6-17, and their families are eligible to receive $6,275 annually and $522.91 monthly.
Highlights of CCB increase in 2024
| Article name | Child Canada Benefit increase in 2024 |
| Organization | Canada Revenue Agency |
| Beneficiaries | Children under the age of 18 |
| Increased Amount | Under 6:- $7,437 annually group of 6-17:- $6,275 annually |
| Post Category | Finance |
| Official Website | Canada.ca |
Eligibility Criteria
- Children must be under the age of 18 and are living with their families.
- You should be a resident of Canada.
- You’re the primary caretaker of the child.
- Individuals applying for CCB are required to fill the previous year’s income tax return.
How to keep receiving CCB amounts?
To keep receiving the CCB amount, you need to take care of only two things.
- File your income tax return every year. The Canada Revenue Agency calculates your CCB amount according to your net income, so it’s mandatory to file an income tax return every year to keep receiving the advantage of CCB payments.
- Keep your personal information updated with the CRA because your eligibility and CCB amount is decided by your updated information. You can update your information with the CRA through My account or by directly contacting CRA on the helpline number.
Note : The helpline number of CRA is 1-800-387-1193.
Payment Dates
Commonly, the payment dates of CCB are scheduled on the 20th of each month. So, it is expected that the payment date of CCB for September is scheduled on September, 20. If you have not received the amount yet, please directly contact CRA.
Note:- Please keep your personal information updated with the CRA to avoid any delay in the payments. You can receive this amount through direct deposit or by cheque. You can update your bank details in the My Account portal of CRA to directly receive the payment in your bank account.
What is the application process for CCB?
- Login to your CRA My account online.
- Go to “Benefits and Credit” and choose the Canada Child Benefit option.
- Carefully fill in the child’s details in the application form including all the essential documents.
- Lastly, crosscheck all the information before submitting the information.
| Home Page | https://www.easthamptonchamber.com/ |
FAQs for Canada Child Benefit Increase In September 2024
Approximately, a 6.3% CCB increase is expected in 2024.
If your child is under 6, then you are eligible to receive $619.75 monthly.
Payment dates of CCB are scheduled on the 20th of each month.
Riya Claire is the Editor-in-Chief of the East Hampton Chamber Portal. She holds a degree in Mass Communication, an MBA in Finance, and a diploma in HR, making her a versatile professional for an online portal