canada child benefit

When You Owe the CRA Money


Debts the Canada Revenue Agency collects The Canada Revenue Agency (CRA) collects amounts owing such as: individual income tax payroll deductions GST/HST remittances corporation income tax customs, excise, and other levies benefit overpayments including: Canada child benefit GST/HST credit The CRA also collects the following amounts owed for other government

When You Owe the CRA Money2018-07-25T15:11:56+00:00

Why Have Your Benefit and Credit Payments Changed?


Each summer, following the tax filing season, the Canada Revenue Agency (CRA) uses information from an individual’s income tax and benefit return, along with the return of their spouse or common-law partner, to calculate benefit and credit payments for the upcoming year. Starting in July, eligible benefit and credit recipients

Why Have Your Benefit and Credit Payments Changed?2018-07-04T15:10:30+00:00

Getting Ready for Your 2017 Income Tax Return


As we approach the tax time, here are some answers to questions you may have.  1. Do you need to do your taxes? Doing your taxes is part of your responsibilities as a taxpayer. Doing your taxes means you have to fill out various forms, including the ones in the income tax packages. They

Getting Ready for Your 2017 Income Tax Return2018-01-24T16:09:53+00:00

Tax-Free Canadian Income


Almost all income you earn in Canada is considered taxable income.  However, the Canadian government has deemed some income as exceptions to the taxable rule. You do not have to report certain amounts in your income, including the following: any GST/HST credit and Canada Child Benefit payments, including those from related provincial or territorial programs; child assistance payments and

Tax-Free Canadian Income2018-01-17T15:33:48+00:00

The Tax-Free Child Disability Benefit


The Child Disability Benefit (CDB) is a tax-free benefit for families who care for a child under age 18 who is eligible for the Disability Tax Credit  (DTC). Not all children with a disability qualifies for the CDB.  To be eligible for the Child Disability Benefit, the child must have a severe and prolonged

The Tax-Free Child Disability Benefit2018-01-10T14:22:48+00:00

Amounts That Are Not Taxable


You do not have to report certain amounts in your income, including the following: any GST/HST credit, Canada Child Benefit, or Canada child tax benefit payments, including those from related provincial and territorial programs; compensation received from a province or territory if you were a victim of a criminal act or a motor vehicle accident; most lottery winnings; most gifts

Amounts That Are Not Taxable2017-09-06T15:51:49+00:00

B.C. Early Childhood Tax Benefit


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

B.C. Early Childhood Tax Benefit2017-08-16T14:45:06+00:00

Expecting a baby? Find Out How it Affects Your Family’s Taxes


Congratulations! If you have a new baby or a baby on the way, there are many benefits and credits you may be eligible to receive, and tax changes to consider. Apply for child benefits With the Automated Benefits Application (ABA), you can automatically apply for child benefits when registering the birth of your

Expecting a baby? Find Out How it Affects Your Family’s Taxes2017-05-31T14:08:38+00:00

More Money with the New Canada Child Benefit


The federal government will be rolling out the new Canada Child Benefit (CCB) on July 20, 2016.  The program is intended to put more money in the hands of families, and the federal government anticipates that under this new child benefit package most families will receive higher payments than under the old Universal Child Care

More Money with the New Canada Child Benefit2016-07-20T12:52:22+00:00