Big Relief Coming – Canadian Families To Receive Child Tax Payments Soon!
Canadian families are set to receive a significant financial boost as the Canada Child Benefit (CCB) payments are scheduled for May 20, 2025. This tax-free monthly payment aims to assist eligible families with the cost of raising children under 18.
With recent increases and upcoming adjustments, it’s essential for families to stay informed about the benefits they’re entitled to.
Understanding the Canada Child Benefit (CCB)
The Canada Child Benefit (CCB) is a tax-free monthly payment provided by the Canada Revenue Agency (CRA) to eligible families to help with the cost of raising children under 18 years of age.
The amount received is based on factors such as the number of children, their ages, and the family’s adjusted net income.
Upcoming Payment: May 20, 2025
Families can expect their next CCB payment on May 20, 2025. It’s crucial to ensure that your 2024 tax return has been filed and assessed to receive this payment. Delays in filing can result in postponed or missed payments.
Recent and Upcoming Increases
In July 2024, the federal government increased the CCB by 4.7%, raising the maximum payment for:
- Children under 6: from $7,437 to $7,787 annually.
- Children aged 6 to 17: from $6,275 to $6,570 annually.
Looking ahead, July 2025 will see a 2.7% increase, adjusting the maximum annual benefits to:
- Children under 6: $7,997 ($666 per month).
- Children aged 6 to 17: $6,748 ($562 per month).
Additionally, the Child Disability Benefit (CDB) will rise from $3,322 to $3,411 annually.
Payment Schedule for 2025
Here is the CCB payment schedule for the remainder of 2025:
| Month | Payment Date |
|---|---|
| May | May 20 |
| June | June 20 |
| July | July 18 |
| August | August 20 |
| September | September 19 |
| October | October 20 |
| November | November 20 |
| December | December 12 |
Provincial Child Benefit Programs
In addition to the federal CCB, several provinces offer their own child benefit programs:
- Ontario: Provides the Ontario Child Benefit (OCB) to eligible families.
- Alberta: Offers the Alberta Child and Family Benefit (ACFB).
- British Columbia: Families can apply for the BC Family Benefit, which includes a six-month bonus valid until June 2025.
For instance, under the BC Family Benefit, families could receive:
- First child: up to $2,188.
- Second child: up to $1,375.
- Each additional child: up to $1,125.
Eligibility and Application
To be eligible for the CCB:
- You must live with the child and be the primary caregiver.
- You must be a resident of Canada for tax purposes.
- You or your spouse/common-law partner must be a Canadian citizen, permanent resident, protected person, or a temporary resident who has lived in Canada for the previous 18 months.
- You must have filed your tax return for the previous year.
Applications can be made online through the CRA’s My Account or by submitting Form RC66.
The upcoming Canada Child Benefit payment on May 20, 2025, offers significant financial support to Canadian families.
With recent and upcoming increases, it’s more important than ever to ensure your eligibility and stay informed about the benefits available to you. Remember to file your tax returns promptly and check with your provincial programs for additional support.
FAQs
What should I do if I haven’t received my CCB payment?
Ensure that your tax return has been filed and assessed. If it’s been more than five business days since the payment date and you haven’t received it, contact the CRA for assistance.
How is the CCB amount determined?
The amount is based on your adjusted family net income, the number of children, and their ages. The benefit is recalculated every July based on the previous year’s tax return.
Can I receive both federal and provincial child benefits?
Yes, eligible families can receive both federal CCB payments and provincial child benefits, depending on their province of residence.