Benefit (CCB) payments for children aged 6 to 17. This payment boost is part of the Canadian government’s ongoing efforts to provide additional financial support to families with children.
Eligibility for the CCB Increase
To qualify for the Canada Child Benefit increase, families must meet the following criteria.
- Children aged 6 to 17: The child must be between the ages of 6 and 17 as of November 2024.
- Residency: The family must reside in Canada and be the primary caregiver of the child.
- Income-based eligibility: The CCB is income-tested, meaning the amount of the benefit depends on the family’s net income. Families with higher incomes will receive a lower benefit, while those with lower incomes will benefit more.
How Much is the Increase?
The Canada Child Benefit payment for children aged 6 to 17 will be increased by a set amount starting in November 2024. This increase will vary depending on your household’s income, but eligible families can expect a significant boost in the amount they receive each month.
- Families with lower incomes will see a larger increase in their monthly payments.
- Higher-income families will receive a smaller increase, but still, a notable adjustment to their benefits.
| Program | Canada Child Benefit (CCB) |
|---|---|
| Monthly Benefit Amount | Up to $648.91 per child under 6, $547.50 for ages 6-17 |
| Eligibility | Canadian resident parents or guardians of children under 18 |
| Annual Maximum | $7,787 per child under 6, $6,570 for ages 6-17 |
| November 2024 Payment Date | Between November 17-20, 2024 |
| Administered By | Canada Revenue Agency (CRA) |
Payment Schedule
Payments for the Canada Child Benefit are made monthly, and the increased payment will begin in November 2024. The new payment amount will be automatically reflected in your usual monthly payment, so there is no need to apply for the increase.
Why This Increase Matters
This payment increase is designed to help families manage rising costs and provide more financial support for children’s needs. The additional funds will help with essential expenses such as education, healthcare, and general day-to-day costs.
The Canada Child Benefit increase is especially beneficial for families with children aged 6 to 17 who may be facing higher costs as children grow older, requiring more resources for activities, schooling, and other needs.
How to Check Your Eligibility and Payment Amount
If you are unsure about your eligibility or want to check how much you will receive, you can:
- Visit the Canada Revenue Agency (CRA) website.
- Log into your My Account to view your benefits.
- Use the Child and Family Benefits Calculator available on the CRA website to estimate the amount you will receive based on your income.
FAQ: Canada Child Benefit (CCB) Increase in November 2024
1. What is the Canada Child Benefit (CCB)?
The Canada Child Benefit (CCB) is a tax-free monthly payment from the Government of Canada to support families raising children under 18. The payment helps families with the costs of raising children and is based on income, the number of children, and their ages.
2. What is the increase to the CCB in November 2024?
Starting in November 2024, the Canada Revenue Agency (CRA) began issuing increased CCB payments to help families deal with rising living costs. This increase is designed to provide additional financial relief to families across Canada.
3. Who is eligible for the Canada Child Benefit?
Families with children under the age of 18 are eligible for the CCB. Eligibility depends on factors such as the family’s income, the number of children, and their ages. Families with higher incomes may receive lower benefits, while those with lower incomes are eligible for higher payments.
4. How is the CCB amount calculated?
The CCB payment is calculated based on:
- Family income: The amount decreases as household income increases.
- Number of children: Families with more children typically receive higher benefits.
- Children’s ages: The payment varies depending on the age of the children.
- Inflation adjustments: The payment is adjusted yearly to keep pace with rising costs of living.