The Canada Child Benefit (CCB) is a government program that helps families with children under 18 years old by providing them with money each month. This money is meant to help cover the costs of raising kids. As we head into 2024, there are some important changes coming to the CCB program that families need to know about. This article will explain these changes in simple terms so you can understand what to expect.
Current and Upcoming Changes to the CCB
What is the CCB?
The Canada Child Benefit (CCB) is a tax-free payment made to eligible families to help them with the costs of raising children. The program started in 2016, replacing an older program called the Universal Child Care Benefit (UCCB). The amount of money families receive depends on their income and the age of their children.
Changes Happening in 2024
In 2024, the CCB will have some new updates. Here’s what you can expect:
Increased Payments:
For children under 6 years old, the monthly payment will be CAD 619.
For children aged 7 and older, the monthly payment will be CAD 522.
Disability Benefit:
If you have a child with a disability, you will receive CAD 3,173 per year, which equals CAD 264.41 each month.
Young Child Supplement:
Families with multiple children in foster care will get extra support through the Young Child Supplement.
Income Limits:
The income limits that determine if you qualify for the CCB will be adjusted to match the cost of living increases.
Who is Eligible for the CCB?
To get the CCB, you and your children need to meet certain requirements:
For Children
Age: The child must be under 18 years old.
Residency: The child must live in Canada and be a permanent resident.
Living Arrangement: The child must live with you for more than six months of the year.
Eligibility Criteria
Details
Age Requirement (Children)
Must be under 18 years.
Residency (Children)
Must be permanent residents of Canada.
Living Arrangement (Children)
Must reside with the applicant for more than six months in a year.
Residency (Parents)
Must be permanent residents of Canada; immigrants require at least 18 months of residency.
Tax Compliance (Parents)
Both parents must have filed their tax returns.
Custody Requirement (Parents)
At least one parent must be a permanent citizen if sharing custody.
Shared Custody
Benefit is split equally if the child spends equal time with both parents.
Additional Support
Single parents in foster care may receive extra support under the Young Child Supplement Benefit.
For Parents
Residency: Parents must be permanent residents of Canada. Immigrants need to have lived in Canada for at least 18 months.
Tax Compliance: Both parents must file their tax returns.
Custody: If parents share custody, at least one parent must be a permanent citizen.
Payment Dates for 2024
The CCB payments are made on the same day each month. Here’s when you can expect to receive your payments in 2024:
Month
Payment Date
January
19th
February
20th
March
20th
April
19th
May
20th
June
20th
July
19th
August
20th
September
20th
October
18th
November
19th
December
20th
If the payment date falls on a national holiday or a weekend, the money will be deposited on the next business day.
What is the Canada Child Benefit (CCB)?
The Canada Child Benefit (CCB) is a tax-free monthly payment made to eligible families in Canada to help with the cost of raising children under the age of 18.
What changes are happening to the CCB in 2024?
In 2024, the monthly benefit amounts will increase. Children under 6 years old will receive CAD 619 per month, and children aged 7 and older will receive CAD 522 per month. There will also be an increase in the disability benefit and adjustments to income eligibility thresholds.
Who is eligible to receive the CCB?
To receive the CCB, your child must be under 18 years old, live in Canada, and be a permanent resident. Parents must also be permanent residents, have filed their tax returns, and meet the income requirements.
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