Canada Child Benefit (CCB) Payment Dates 2024 : What is the new CCB payment for 2024?

The Canada Child Benefit (CCB) is a crucial financial support program for families with children in Canada. Designed to help cover the costs of raising children, the CCB provides monthly payments to eligible families. Understanding the payment schedule can help families budget effectively. Here’s a look at the CCB payment dates for 2024.

The Canada Child Benefit (CCB) is a tax-free monthly payment to help parents cover the cost of raising children. Each July, the Canada Revenue Agency (CRA) recalculates how much eligible Canadian families will receive in CCB payments, based on your adjusted family net income from the previous year (for this year, that’s 2023). The CCB is also indexed to inflation, based on Consumer Price Index (CPI) data. 

This year’s recalculation means that families could receive an additional $350 per child under 6, and $295 per child aged 6 to 17, compared to the 2023–24 period. For the 2024–25 benefit year, families most in need can receive up to $7,787 per child under the age of 6 and $6,570 per child aged 6 through 17, Employment and Social Development Canada announced July 18. This represents an increase of 4.7% from the previous year.https://rankersbseb.org/300-federal-payment-canada-2024-check-now-who-is-eligible-payment-dates/

What is the Canada Child Benefit?

The CCB is a tax-free monthly payment issued by the Government of Canada to families with children under the age of 18. The amount you receive depends on your family’s income, the number of children, and their ages. This benefit aims to reduce child poverty and support families in meeting their children’s needs.

What is the new CCB payment for 2024?

the Minister of Families, Children and Social Development, Jenna Sudds, announced the maximum annual Canada Child Benefit will increase again to help parents keep up with the cost of living. That’s more tax-free money back in their pockets every month—to spend on groceries, rent, summer camps and whatever their family needs.
For the 2024–25 benefit year, families can receive up to $7,787 per child under the age of 6 and $6,570 per child aged 6 through 17. This means moms and dads could receive up to $350 more than last year. This represents an increase of 4.7% from the previous year.

$1,518 Extra Payment for Seniors in Canada : New Financial Support of $1,518 for Low-Income Seniors Receiving Old Age Security

CCB Payment Schedule for 2024

The CCB payments are made on the 20th of each month. In 2024, the payment dates are as follows:

• January 19, 2024
• February 20, 2024
• March 20, 2024
• April 19, 2024
• May 20, 2024
• June 19, 2024
• July 19, 2024
• August 20, 2024
• September 19, 2024
• October 18, 2024
• November 20, 2024
• December 19, 2024

Note: If a payment date falls on a weekend or holiday, the payment is typically made on the preceding Friday.

How to Ensure You Receive Your CCB

1. Eligibility Check: Make sure you meet the eligibility criteria. Generally, you must live with the child and be primarily responsible for their care.
2. File Your Taxes: You need to file your taxes annually to determine your eligibility and the amount of your benefit. Even if you do not owe taxes, filing is essential.
3. Update Your Information: Notify the Canada Revenue Agency (CRA) about any changes in your circumstances, such as income changes, marital status, or the birth of a new child. This will help ensure you receive the correct amount.
4. Direct Deposit: Set up direct deposit for quicker access to your payments. This is especially convenient if you’re managing multiple children’s expenses.

Additional Resources

• CRA Website: For detailed information on eligibility, payment amounts, and the application process, visit the CRA’s official website.
• CCB Calculator: Use the online CCB calculator to estimate your monthly benefit based on your family’s income and the number of children

Single Parent Payment 2024 Eligibility : $970 single parent payment 2024