The Canada Child Benefit (CCB) is a monthly payment that is exempt from taxation and is intended to assist parents in covering the expenses associated with raising children. Your family’s adjusted net income from the previous year (for this year, that would be 2023) is used by the Canada Revenue Agency (CRA) to determine the amount of CCB payments that eligible Canadian families would receive once again in July. According to the statistics provided by the Consumer Price Index (CPI), the CCB is also tied to growth in the economy.
In comparison to the period of 2023–24, the recalculation that took place this year indicates that families may be eligible to receive an extra $350 for each kid under the age of six and $295 for each child between the ages of six and seventeen.
According to an announcement made by Employment and Social Development Canada on July 18, families who are in the greatest need should be eligible to receive up to $7,787 for each kid under the age of six and $6,570 for each child from six to seventeen for the benefit year 2024–25. Comparing this to the prior year, this is a 4.7% gain.
Canada Child Benefit 2024
Families who are qualified and have children under the age of 18 are eligible to receive the Canada Child Benefit, which is a monthly payment that is not subject to taxation. To assist families with low and intermediate incomes in covering the costs of child-raising, this program is specifically designed. The Consumer Price Index (CCB) was first implemented in 2016, and it has been continually linked to inflation since 2018.
Some provinces and territories provide extra support, such as the Ontario Child Benefit (OCB), in addition to the Child Disability Benefit (CDB), which may be included in the Child Compassion Benefit (CCB) payments.
According to Jason Heath, a Certified Financial Planner with Objective Financial Partners Inc. in Toronto and a contributor for MoneySense, “The Canada Child Benefit is intended to indirectly help cover the costs of raising a family for parents whose incomes are below the applicable thresholds at the time.”
The more the number of children you have, the greater the amount of benefits you are eligible to get, and the higher the income means-testing limit will occur for you. You do not have to record the income on your tax return since it is a tax-free benefit. This is the best part.
Overview of Child Benefit Ontario 2024
| Title | Child Benefit Ontario 2024: What is the Amount, Payment Date, Phone Number |
| Department | Child Benefit Ontario |
| Country | Canada |
| Year | 2024 |
| Category | Financial Aid |
| Website | www.canada.ca |
How much is the Canada Child Benefit?
A child who is under the age of six is eligible for a maximum annual benefit of $7,787 ($648.91 per month) for the period of July 2024 to June 2025. Children who are between the ages of six and seventeen are eligible for a maximum annual benefit of $6,570 ($547.50 per month).
CCB payments will result in a total sum that is contingent upon the following factors:
The number of children that are eligible and receiving care from you
At what ages are your children? Children less than six years old are eligible to receive the CCB young child supplement.
The net income of your household after adjustments
If your family’s adjusted net income in 2023 was less than $36,502, you will be eligible to receive the maximum amount for each child. This is the case regardless of whether or not your children are eligible for the disability tax credit (DTC). From July 2024 to June 2025, families could receive up to $3,322 for each child who is eligible for the DTC.
CCB payments steadily fall with greater adjusted family net incomes, beginning at $36,502 and continuing beyond that point. On the website of the Canada Revenue Agency (CRA), you may find examples of calculations, and you can use the CCB calculator to see how much money you are eligible to receive.
If you share custody of a kid, you will get fifty per cent of the amount that you would have gotten if you had full custody of the child. The amount of the payment is determined by the adjusted net income of yourself and your family.
Eligibility details
To apply for Child Care Benefits (CCB), you are required to reside with and be mainly responsible for the care and raising of at least one child who is under the age of 18. You also need to be a resident of Canada for taxation. In addition, you or your spouse or common-law partner must be one of the following members of the following categories:
- a Canadian citizen
- a permanent resident
- a protected person
Temporary residents who have lived in Canada for the previous 18 months and have a valid permit in the 19th month, except permits that state “does not confer status” or “does not confer temporary resident status,” and individuals who are registered or entitled to be registered under the Indian Act are all considered to be permanent residents.
How to Contact the Ontario Child Benefit Program: Phone Numbers and Support
There are several options available to families in Ontario who need support or have issues with their Ontario Child Benefit coverage. Because the OCB is managed based on the information that is submitted in tax returns, the Canada Revenue Agency (CRA) is the main point of contact for queries that are relevant to the organisation.
To contact the Canada Revenue Agency (CRA) for general queries about child and family benefits, call 1-800-387-1193. This particular line is accessible from Monday through Friday, between the hours of 8:00 AM and 8:00 PM (local time) and on Saturdays between 9:00 AM and 5:00 PM (local time). The number to contact for persons who seek assistance for the deaf or hard of hearing is 1-800-665-0354.
Family members may access information and services linked to the Ontario Child Benefit online using the My Account site provided by the Canada Revenue Agency (CRA), in addition to receiving help over the phone. Through the use of this safe and secure online service, users can check their benefit payments, make changes to their personal information, and conveniently handle their tax affairs.
Families may also call the Ontario Ministry of Children, Community, and Social Services at 1-866-821-7770 if they have any particular questions or concerns about the Ontario Child Benefit. This number may be used to make more in-depth queries about eligibility, payment computations, and any other issues that are particular to the program.
How to Get the Most Out of Your Ontario Child Benefit: Suggested Procedures and Advice
With the Ontario Child Benefit, it is essential to adhere to specific best practices to guarantee that families obtain the most benefit possible from the program. The following advice may assist families in making the most of their benefits and avoiding typical pitfalls:
Because the OCB is determined by the information included in your income tax return, it is of the utmost importance that you submit your taxes on time every year. Late submissions might lead to lost payments or delays in payments, both of which can hurt the budget of your family.
Keep Your Information Up to Date: Make sure that the Canada Revenue Agency (CRA) has the most recent information about your family situation. This includes any changes in your marital status, the birth of a child, or a change in your residence. For one to be eligible for the appropriate quantity of benefits, it is necessary to have accurate information.
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You should make it a habit to review your benefit statements regularly to guarantee that you are receiving the appropriate level of compensation. If you find any inconsistencies, you should get in touch with the Canada Revenue Agency (CRA) or the Ministry of Children, Community, and Social Services in Ontario as soon as possible.
Calista Embry is a finance journalist who graduated from Johns Hopkins University. She has a passion for writing and researching the impact of finance on social life.