Updated on January 8, 2024
Explore the information regarding CCB Payment Dates for 2024, including Payment Notices, Calculators, and What it entails, in this article. Find comprehensive details about CCB Payment Dates for 2024, Payment Notices, Calculators, and more.
CCB Payment Dates 2024
The Canada Child Benefit (CCB) is designed as an income support program for eligible families in Canada. Its primary objective is to provide assistance to families in covering the expenses associated with raising children. Originally recognized as the Canada Child Tax Benefit, it was rebranded as the CCB in 2016 by the government.
Families that are eligible and registered as beneficiaries receive monthly payments that are tax-free. Typically, these payments are directed to the child’s primary caretaker. The most recent CCB Payment Date in 2024 was on October 20. Furthermore, beneficiaries have the option to utilize the My Account service provided by the Government of Canada to verify the status and dates of CCB payments.
Canada Child Benefit Payment 2024
| Name | Canada Child Benefit |
| Country | Canada |
| Administering Body | CRA |
| Who can apply | Primary responsible person for a child |
| Frequency | Monthly Payment |
| type | Non‑taxable amount |
| Age limit of child | Under 18 |
| Payment Period | July 2023 – June 2024 |
| Maximum Payment per child (Under the Age of 6) | 7,437 dollars per year (619.75 dollars per month) |
| Maximum Payment per child (Aged 6 to 17) | 6,275 dollars per year (522.91 dollars per month) |
| Next Payment Dates | January 19, 2024 |
What is CCB 2024
The Canada Child Benefit (CCB) is a tax-free monthly sum provided to eligible families in Canada, contingent upon specific criteria. The amount that beneficiaries receive is determined by factors such as Adjusted Family Net Income (AFNI), the number of eligible children, and marital status. AFNI is the Adjusted Family Net Income reported in the previous year’s tax returns. It’s important to note that the calculations for the current year’s CCB payments are based on the 2022 tax returns.
If the individual meets all of the following conditions:
- Has a child under 18 years of age.
- Is primarily responsible for the child’s care.
- Is a resident of Canada.
To discover additional CCB eligibility conditions, please refer to the official website of the Government of Canada. Individuals who meet the specified criteria can apply when their child is born, when the child begins to live with them, when they gain custody of a child, or when they start meeting the eligibility requirements for CCB.
How to Apply for CCB 2024
There are three methods to apply for the CCB:
- Automated Benefits Application:
- This process can be completed at the time of the child’s birth.
- Applicants can fill out the birth registration, consent to the officer sharing their information with the CRA, and provide their SIN.
- Payments will be received within 8 weeks.
Online:
- Alternatively, applicants can use My Account to apply for CCB through its provided services.
- Sign in to My Account and select “Apply for CCB.”
- Provide all necessary information, including the child’s details (name, age, gender, birthplace, etc.).
- Submit the application.
- Payments will be received within 8 weeks.
By Mail:
- To apply through mail, applicants need to fill out Form RC66 and send it to the tax center.
- Include the necessary documents along with the RC66 form.
- Payments will be received within 11 weeks.
CCB Amount 2024
AFNI (Adjusted Family Net Income) is calculated by considering the net family income, which involves UCCB (Universal Child Care Benefit) and RDSP (Registered Disability Savings Plan) received incomes, as well as any amounts repaid for UCCB and RDSP.
If the AFNI is below $34,863, the maximum amount for each child is:
- $619.75 per month for children aged under 6 years.
- $522.91 per month for children aged 6 to 17 years.
Nevertheless, the payments begin to decrease once the AFNI surpasses $34,863.
CCB Payment Notice 2024
If the CRA sends an excessive payment or overpays the beneficiaries, they typically issue a notice along with a remittance voucher. The remittance voucher is provided to inform recipients of any balance owed.
Hence, if a notice has been issued indicating a balance owing, the CRA may retain all or a portion of future CCB payments, GST/HST credits, and income tax refunds until the owed amount is repaid.
CCB Payment Calculator 2024
The CCB Payment Calculator can be utilized to acquire information on the maximum amount that an individual may receive. To use the calculator, applicants need to provide answers to several essential questions, including the child’s age, province, AFNI, tax year, marital status, and other relevant details.
The calculator is accessible on the Government of Canada’s official website. Following the evaluation of all the provided information, the result will indicate the monthly payments beneficiaries are eligible to receive.