There will soon be an increase in the maximum Canada Child Benefit Payment 2024 that you will get. The reason for this is the increase in the Canada Child Benefit (CCB). Every year, the benefit period runs from July 1st to June 30th of the following year.
The government has been modifying CCB payments since 2018 to assist parents in better managing their finances as living costs fluctuate, according to Employment and Social Development Canada (ESDC).
By adjusting the maximum benefit levels and income limits for benefit reductions annually, indexations ensure that these changes keep up with the rising cost of living.
As a result of this change, parents will get extra help every month to help them raise their kids. For the most recent information on the June 2024 Canada Child Benefit Payment, stay tuned to www.canada.ca. Keep reading the following article as it also covers all the important information related to the CCB scheme.
Canada Child Benefit Payment 2024 – Highlights
| Topic | Canada Child Benefit Payment 2024 |
| Country Related To The Scheme | Canada |
| Payment Amount | $7800 |
| Category Of The Scheme | Financial Aid For Children |
| Canada Child Benefit June Payment 2024 | 20th June, 2024 |
| Category | Financial Aid |
| Official Website | https://www.canada.ca/ |
Canada Child Benefit 2024 – Check Eligibility
After a kid is born, a parent may apply for benefits at any time as long as they meet the requirements. The following are the particular requirements to qualify for child benefits in Canada:
- You share your home with a child who is not yet eighteen.
- That child is primarily your responsibility.
- For tax reasons, you are a resident of Canada.
For couples, you, your spouse, or your common-law partner must be one of the following:
- A Native of Canada
- Either a temporary or permanent resident of Canada for a minimum of 18 months
- An individual safeguarded by the Indian Act
Canada Child Benefit Payment Dates 2024
- January 19, 2024
- February 20, 2024
- March 20, 2024
- April 19, 2024
- May 17, 2024
- June 20, 2024
- July 19, 2024
- August 20, 2024
- September 20, 2024
- October 18, 2024
- November 20, 2024
- December 13, 2024
Calculate your payments Now
Calculate How much you can get
The calculation includes the following child and family benefits:
- Canada child benefit
- Goods and services tax/harmonized sales tax credit
- Advanced Canada workers benefit
- Canada Carbon Rebate
- Ontario senior homeowners’ property tax grant
- Ontario trillium benefit
The calculation does not include amounts from the:
How Does The Canada Child Benefit 2024 Work?
The CCB works on a sliding scale. There is no set amount per child, per month, or year; instead, payment amounts vary and are reassessed in July each year. Payments are based on the following factors:
- How many children do you have?
- The age(s) of your child(ren).
- Your marital status
- Your family income as reported on your tax return from the previous year
Family income does not include any benefits you may receive from registered disability savings plans (RDSP) or the Universal Child Care Benefit (UCCB). It is the net income that you and your spouse declare.
The benefit can be especially beneficial to low- and moderate-income families because the CCB payout is adjusted based on your family income and lowers as your income increases. So, it’s quite necessary to show all the original documents if you want to get the maximum benefits.
The family income level limit has changed dramatically with the implementation of the CCB, therefore parents who think their income will prevent them from qualifying for benefits should still apply.
Maximum Canada Child Benefit (Per Child)?
The maximum 2023–2024 payment benefit is available to families with joint income reports at the end of 2022 of $34,863. You might be eligible for a lower monthly payment, depending on how much above the threshold you are. The following payment amounts are the maximum for July 2023 through June 2024:
| Income Threshold | Max Payment for Children Under 6 (per year) | Max Payment for Children 6-17 (per year) |
|---|---|---|
| $34,863 | $7,437 | $6,275 |
- $7,437 per year ($619.75 per month) for each child under 6 years old
- $6,275 per year ($522.91 per month) for each child 6–17 years old
How Is Canada Child Benefit Calculated?
As a beneficiary, you must know how your CCB is calculated and whether you get the right amount. The CCB payment dates run from July to June, and benefits are determined by your family’s net income from the prior year. This indicates that the amount shown on the previous year’s tax return is the adjusted family net income (AFNI) that was utilized to determine payments.
Benefit payments are therefore computed using your income tax return from 2022 to 2023. Since age impacts a child just once between the ages of 5 and 6, any change will probably be considered for the CCB payment.
For instance, in September, if you were awarded the maximum benefit for a kid aged five, you would have been paid $619.75 each month.
| Payment Month | Maximum Payment Amount |
| September | $619.75 |
| November | $522.91 |
Your November benefit will automatically increase to $522.91 per month, the maximum amount for a 6-year-old, if the child’s birthday falls in September. Each year, the CRA verifies the amount you will get by sending out a CCB notice.
Does Parent’s Marital Status Affect The CCB Payments?
It is important to be aware that your combined adjusted family net income (AFNI) with your spouse after marriage may result in lower benefit payments or possibly disqualification.
The same thing needs to be taken into account if you change jobs or bring a new child into your family. Lower benefits are typically associated with higher family incomes. To update your tax account, get in touch with the Canada Revenue Agency (CRA) as soon as you become separated, widowed, or divorced.
This is important because it may affect your advantages. For instance, the CRA only needs to take into account the money you earn when you apply for the child disability benefit if you are the lone parent of a kid who is eligible for the disability tax credit. Your eligibility may also be impacted by shared custody.
You will get half of what you would have gotten if you had full custody of your child if the CRA determines that you have shared custody. The AFNI of each parent is used to compute this sum. Benefits may also apply to temporary living arrangements, contingent on the length of time a parent serves as the primary caregiver.
For this reason, it’s critical to notify shared custody agreements of any changes as soon as possible. Make sure you file your taxes each year to be eligible for perks. The faster your benefits are recalculated, the sooner you notify the CRA of your marital status.
Canada Child Benefit Changes In July 2024?
| Change Type | Amount Per Year |
| Base Payment (under 6) | $7,787 |
| Increase Amount (under 6) | $350 |
| Payment (6-17) | $6,570 |
| Increase Amount (6-17) | $295 |
| Income Threshold | $36,502 |
The base payment for each kid under six will grow to $7,787 per year in July and for the following year, representing a $350 increase over the previous year. The amount will rise by $295 for each kid between the ages of six and seventeen, for a total of $6,570 per child.
Additionally, the income threshold will increase. Starting in July, households with an adjusted net income of less than $36,502 will be qualified for the maximum amount per kid.
Every July, the CCB is recalculated using your family’s adjusted net income from the prior year. As a result, your 2023 income will only have an impact on your CCB payments as of July 2024. On July 19, the revised and increased benefits will be distributed.
When is the best time to apply Canada Child Benefit (CCB)?
When applying for Canada benefits for children (CCB) for the first time, people must present proof of their birth.
It is recommended that you apply for Canada Child Benefit (CCB) when any of the following circumstances occur:
- The baby is born
- A child is born alongside you or comes back to your home after some time spent with a different person
- You end, begin, or alter the terms of a shared custody arrangement
- You can be granted custody of your child
- you either, or your spouse or common-law companion begin to meet the criteria for eligibility under Who can apply
How to Apply Canada Child Benefit (CCB)?
- Through birth registration
- Online through My Account
- By mail
Additional documents Required to Apply Canada Child Benefit (CCB)?
- A birth certificate is needed for the child.
- Another parent will be the primary accountable of their youngster (or children)
- The application process began more than 11 months ago
- Your spouse, you, or common-law partner are either newcomers or returning residents to Canada
- Removing yourself from a violent or abusive situation
FAQs – Canada Child Benefit Payment Dates 2024
Ques 1. When will be the increased CCB amount credited to the beneficiaries’ accounts?
Ans. The increase in the CCB amount will be reflected in the beneficiaries’ accounts from July 2024.
Ques 2. What is the CCB Payment date in June 2024?
Ans. The CCB payment for the June month will be released on the 20th of June 2024.
Ques 3. What will be the increased amount that has to be reflected from July 2024?
Ans. The CCB payment will become $7,787 from the upcoming payment release date i.e. July 2024.