Canada Child Tax Benefit

Canada Child Tax benefit is a tax which is imparted to the families living in the Canada by the Canadian Government. It is basically a tax free monthly payment given by the Government to all those families or parents who needs money to raise their children up to the age of 18 years.  It is majority divided into two main components one focuses on the low and middle class Canadian families and the other one provides definite assistance and help to the low income families having a necessity of acquiring this help from the Government in the form of tax benefit.

Eligibility Criteria to avail this tax benefit

Canada Child tax befit cannot be provided to everyone. It is given to only those Canadian families which meet the proper eligibility criteria as stated by the Canadian Government in order to avail the tax benefit.

  • A person must be the Canadian resident.
  • Must be the primary caregivers of the child under 18 years of age.
  • If a person is not Canadian resident then one can avail the tax benefit if a spouse or partner is:
    1. Canadian resident.
    2. Protected person
    3. Permanent resident.
    4. A temporary resident who is residing in the county of Canada from the last 18 months.

These are some of the criteria which need to be fulfilled by the person in order to ensure the benefit of the Canada Child Tax.

Application Information

After the eligibility criterion has been met by the Canadian family, another important criterion is to fill the application form to apply for this benefit either through mail or by applying online. One can fill the relevant and necessary information in the application form as provided by the Government under the proper guidelines in order to have a benefit of the Child Tax.

Financial Information

The amount paid under the Canada Child Tax benefit plan majorly depends upon two things which is income tax and benefit returns. The amount paid under this tax can be even adjusted in case the size of the family increases during the end of the year and some other issues.

Dates and Deadlines

The Canada Child Tax benefit is issued for the Canadian family very 20th day of the month and even one week earlier in December. For more specific dates one can visit to the official website and can keep a track of their status of issuing the tax benefit plan. It is always advisable to the individuals belonging to the Canadian family who has applied for the Canada Child Tax benefit plan to contact to Canadian revenue agency in case one do not receive his CCTB within five business days after the issuance of the tax befit plan.

Therefore, this is a brief overview on the Canada Child Tax benefit (CCTB) for the Canadian residents and families provided by the Canadian Government. One can take the required information from the official website to apply for the Canada child tax benefit plan.