The B.C. Early Childhood Tax Benefit (BCECTB) is a tax-free monthly payment made to eligible families to help with the cost of raising young children under age 6. Benefits from this program are combined with the federal Canada Child Benefit (CCB) into a single monthly payment.
The BCECTB provides a benefit of up to $55 per month per child under age 6. Benefits are based on the number of children in the family and the family’s net income. The BCECTB is reduced if the family’s net income exceeds $100,000 and is zero once the family’s net income exceeds $150,000.
The Canada Revenue Agency (CRA) administers the B.C. Early Childhood Tax Benefit program for British Columbia. The CRA uses the information from your Canada Child Benefit registration to determine your eligibility for the BCECTB.
If your child is registered for the CCB, or was registered for the Canada Child Tax Benefit before July 1, 2016, they are automatically registered for the B.C. Early Childhood Tax Benefit. You do not need to apply separately for the BCECTB.
If your child is not registered for the Canada Child Benefit, you need to apply for the CCB to determine eligibility for the BCECTB. If you are eligible, the amount of any payments will be calculated automatically based on information from the tax returns you (and your spouse or common-law partner) have filed.
If you would like more information about the B.C. Early Childhood Tax Benefit (BCECTB), or other benefit programs, credits and deductions that can help you and your family, contact GB Pilley & Associates Ltd., Chartered Professional Accountants at 604 926 3522.