Canadian parents should keep an eye on their bank accounts today for their incoming child tax payments.
The Canada Child Benefit (CCB) — a tax-free payment from the government to help with the cost of raising children — is administered monthly by the Canada Revenue Agency (CRA).
A notice on the CCB site says that due to ongoing fires in Alberta and BC, impacted residents may experience a delay in the mail delivery of their child tax payments.
The government advises those affected to check Canada Post for updates. You can also use the CRA’s My Account to register for direct deposit to avoid interruptions.
If you have kids and want in on this benefit, here’s what you need to know.
Your children will need to be under 18 years old to be eligible for the child tax payment.
Besides that, the federal government says you need to meet all of the following conditions to be provided the payment:
The government advises Canadians to apply for the CCB as soon as their child is born; a child starts to live with you, or returns to live with you after a temporary period with someone else; you begin, end, or change a shared custody arrangement; or you get custody of a child.
You can apply through several avenues. The first is through registering the birth of your baby with your province or territory. If you apply this way, you’ll receive your first payment within eight weeks.
The second way is through your personal CRA My Account.
Lastly, you can apply by mail. You’ll just need to fill out and sign this form, and send it to your tax centre.
If you register via mail, you should receive your first child tax payment within 11 weeks.
The amount depends on multiple factors including:
You can calculate your CCB payment here.
In March, parents across the country woke up to missing CCB payments, claiming that the CRA’s work to offset taxpayer debt is affecting their child tax benefit.
The CRA responded and explained the reason for this to Daily Hive that same month.
If you are registered for a CCB payment, hopefully, you receive it today.
If not, the CRA advises you to wait five working days before you contact them.