CANADA CHILD TAX BENEFIT

[duggalca]

Dear Members i were searching some information regarding child upkeep allowance in Canada, i got the following information, it may help the members of the forum:-

Canada Child Tax Benefit
Number of Children    Basic
CCTB    NCBS    Total    Monthly Benefit
1st child    $1255    $1945    $3200    $266.67
2nd child    $1255    $1720    $2975    $247.92
3rd & each additional child    $1343    $1637    $2980    $248.33

    * Families with net incomes below $20,435 will get the maximum CCTB - including the full NCBS and the supplement for the third and each additional child - of:
          o $266.67 per month ($3,200 per year) for the first child,
          o $247.92 per month ($2,975 per year) for the second child, and
          o $248.33 per month ($2,980 per year) for all other children in the family, along with any supplement for children under 7 that is applicable.
    * Families with net incomes between $20,435 and $36,378 will get the maximum basic CTB, the supplement for the third and each additional child, and a partial NCBS, along with any supplement for children under 7 that is applicable. Families with four or more children will also be entitled to a partial NCBS if their income is just above $36,378.
    * One and two-child families with net incomes between $36,378 and approximately $99,128 will receive partial benefits. Larger families may also be entitled to a partial CCTB if their income is above $99,128.
    * The annual Children's Special Allowances amount will increase from $2,949.96 to $3,200.04. The monthly amount per child will increase from $245.83 to $266.67 in July 2006.

[BobbyB]

Dear Members i were searching some information regarding child upkeep allowance in Canada, i got the following information, it may help the members of the forum:-

Canada Child Tax Benefit
Number of Children    Basic
CCTB    NCBS    Total    Monthly Benefit
1st child    $1255    $1945    $3200    $266.67
2nd child    $1255    $1720    $2975    $247.92
3rd & each additional child    $1343    $1637    $2980    $248.33

    * Families with net incomes below $20,435 will get the maximum CCTB - including the full NCBS and the supplement for the third and each additional child - of:
          o $266.67 per month ($3,200 per year) for the first child,
          o $247.92 per month ($2,975 per year) for the second child, and
          o $248.33 per month ($2,980 per year) for all other children in the family, along with any supplement for children under 7 that is applicable.
    * Families with net incomes between $20,435 and $36,378 will get the maximum basic CTB, the supplement for the third and each additional child, and a partial NCBS, along with any supplement for children under 7 that is applicable. Families with four or more children will also be entitled to a partial NCBS if their income is just above $36,378.
    * One and two-child families with net incomes between $36,378 and approximately $99,128 will receive partial benefits. Larger families may also be entitled to a partial CCTB if their income is above $99,128.
    * The annual Children's Special Allowances amount will increase from $2,949.96 to $3,200.04. The monthly amount per child will increase from $245.83 to $266.67 in July 2006.

This is nothing new. Almost every European Country has the same policy, (some less and some more).
But the question is this, where does this money come from. Do you know?  TAX .
Tax, man. This is the essence of paying Tax.
People complain about Taxes, but want a lot to be done for them.
(I am not talking here about those who pay taxes (Good Citizens, Employees and Employers), but those who tend not to pay taxes but want to reap the benefits).


"Government of the people, by the people, for the people"!!!!

[shibuya]

Good one.

[ayacout]

Dear,
I am a newcomer. Pls explain to me the financial rights that I have to apply for. ex. child tax, tax retrun , .... I do appreciate your prompt reply.
regards,

[explorer101]

Dear,
I am a newcomer. Pls explain to me the financial rights that I have to apply for. ex. child tax, tax retrun , .... I do appreciate your prompt reply.
regards,

spend some time going through it
http://www.cra-arc.gc.ca/bnfts/cctb/menu-eng.html

fill the  application form and send it to CRA
documents required
SIN of applicant ( mother) and children
bank account details
income declaration of last year ( world income)

[ayacout]

Thanks explorer for your reply.
for the income of last year, should I bring any doc or proof of the income?
How to write it?
and how long it will take to receive that CTB once i send the mail.
regards

[explorer101]

Thanks explorer for your reply.
for the income of last year, should I bring any doc or proof of the income?
How to write it?
and how long it will take to receive that CTB once end the mail.
regards

 
no documented income proof is required, just a plain declaration in the application
It will take about 3 months, but the applicant receives the money from the date CRA receives the application
Mother is the main applicant