New Canada Child Benefit Payment To Be Paid On August 18
Last Updated On 15 August 2023, 11:09 AM EDT (Toronto Time)
Parents living in Canada with their child(ren) will receive new Canada Child Benefit (CCB) payment on August 18, 2023, from the Canada Revenue Agency (CRA).
In accordance with inflation, the income thresholds for the Canada Child Benefit for 2023–2024 have been adjusted, making it possible for more families to qualify for the maximum monthly benefit.
A new payment will be sent out on August 18, with many parents and caregivers receiving higher payments than in the past.
Parents get Canada Child Benefit payments based on the adjusted family net income (AFNI) as reported on the tax return of the previous year.
This year, the CCB will be increased from a maximum of $6,997 per year to $7,437 per year for one child aged less than 6.
To determine the AFNI, you must evaluate your family net income, which is the sum of line 23600 on your tax return and line 23600 on your spouse’s or common-law partner’s tax return.
Subtract the Universal Child Care Benefit (UCCB) and Registered Disability Savings Plan (RDSP) income from this total.
Canada Child Benefit Calculation for 2023
For the payment period from July 2023 to June 2024, a family having a net income of $34,863 in 2022 can get a maximum tax-free benefit of:
- up to $7,437 per year ($619.75 per month) per child under the age of six, and
- $6,275 per year ($529.91 per month) per child aged six to 17.
Furthermore, if your family’s adjusted net income is greater than $34,863, but less than $75,537, then the payment for that child is reduced by 7% after $34,863.
For more clarity, CCB payments decrease progressively, as listed in the below table:
| Adjusted Family Net Income (AFNI) In 2022 |
CCB (Canada Child Benefit) 1 Child Aged less than 6 |
CCB (Canada Child Benefit) 1 Child Aged between 6 and 17 |
|---|---|---|
| Less than $34,863 | $7,437 per year ($619.75 per month) |
$6,275 per year ($529.91 per month) |
| $34,864 to $75,537 | $7436.93 to $4589.82 per year ($619.74 to $382 per month) |
$6,274.93 to $3,427.82 |
| Greater than $75,537 | $7,436.93 – ($2,847 + 3.2% of your income greater than $75,537) | $6,274.93 – ($2,847 + 3.2% of your income greater than $75,537) |
Disclaimer: Please note that Canada Child Benefit payments vary depending on the number of children in a household, adjusted net family income, and other existing benefits. Please use CRA calculator to get the most accurate numbers on how much you will get.
As per CRA, the CCB is calculated as follows.
- $7,437 per year ($619.75 per month) for each eligible child under the age of 6
- $6,275 per year ($522.91 per month) for each eligible child aged 6 to 17
These amounts start being reduced when the adjusted family net income (AFNI) is over $34,863. The reduction is calculated as follows:
- For families with one eligible child:
- the reduction is 7% of the amount of AFNI greater than $34,863 up to $75,537
- for income greater than $75,537, the reduction is $2,847 plus 3.2% of AFNI greater than $75,537
- For families with two eligible children:
- the reduction is 13.5% of the amount of AFNI greater than $34,863 up to $75,537
- for income greater than $75,537, the reduction is $5,491 plus 5.7% of AFNI greater than $75,537
- For families with three eligible children:
- the reduction is 19% of the amount of AFNI greater than $34,863 up to $75,537
- for income greater than $75,537, the reduction is $7,728 plus 8% of the amount of AFNI greater than $75,537
- For families with four or more eligible children:
- the reduction is 23% of the amount of AFNI greater than $34,863 up to $75,537
- for income greater than $75,537, the reduction is $9,355 plus 9.5% of the amount of AFNI greater than $75,537
Canada Child Benefit 2023 Payment Dates
- July 20, 2023
- August 18, 2023
- September 20, 2023
- October 20, 2023
- November 20, 2023
- December 13, 2023
Canada Child Benefit Eligibility
An individual or a couple residing with a minor under the age of 18, predominantly accountable for the child’s care and upbringing, as well as a resident of Canada for tax purposes, you or your spouse or common-law partner is one of the following:
- Canadian citizen
- Permanent resident
- Protected person
- Temporary resident who has lived in Canada for the previous 18 months and has a valid permit in the 19th month other than one that states “does not confer status” or “does not confer temporary resident status.”
- Person who is registered or entitled to be registered under the Indian Act
Newcomers to Canada or just had a newborn will need to check CCB eligibility and apply online.
What is Canada Child Benefit (CCB)?
The Canada Child Benefit is a tax-free monthly payment sent out by the Canada Revenue Agency (CRA) to assist families with the cost of bringing up their child(ren).
Variables such as age, marital status, the number of eligible children, and adjusted family net income (AFNI) affect CCB payment amounts.
How much is the Canada child benefit per month in 2023?
The maximum annual amount families can receive for children under the age of six is $7,437 ($619.75 per month) for families earning less than $34,860 annually.
Families in the same income bracket can receive a maximum of $6,275 ($522.91 per month) per child per year for children ages 6 to 17.
These quantities will be reduced if your adjusted net family income is greater than $34,865.
What is the Canada Child Benefit Phone Number?
Canadian residents other than Albertans can contact CRA via the Canada Child Benefit phone number: 1-800-387-1193
Residents of Alberta can contact at 1-800-959-2809
For Yukon, Northwest Territories and Nunavut: 1-866-426-1527
Canadians can contact these phone numbers from Monday to Friday between 8 a.m. and 8 p.m. (local time) and on Saturday between 9 a.m. and 5 p.m. (local time).
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