What is the Canada Child Benefit : Canada Child Benefit Payment Dates for November 2024
For Canadian families, the Canada Child Benefit (CCB) is an essential monthly financial support that helps with the cost of raising children. Whether you’re budgeting for groceries, clothing, or extracurricular activities, the CCB payments can make a significant difference. If you rely on the CCB, it’s important to stay on top of payment dates so you can plan accordingly. In this blog, we’ll dive into the Canada Child Benefit (CCB) payment dates for November 2024, as well as provide some helpful information on how the payments work and what to do if you experience any issues with your payment.
What is the new CCB Payment for 2024?
The Canada Child Benefit (CCB) is a monthly payment provided by the federal government to help families with the cost of raising children under the age of 18. The benefit amount is based on factors such as household income, the number of children, and the ages of those children. Since its launch, the CCB has been adjusted periodically to help keep pace with inflation and the changing needs of Canadian families. It has replaced the previous child benefits and has been designed to provide targeted, income-based financial support to lower- and middle-income families, while higher-income families receive less or none at all.
How much is the Canada Child Benefit?
For the period of July 2024 to June 2025, the maximum annual benefit per child under age 6 is $7,787 ($648.91 per month), and the maximum annual benefit for children aged 6 to 17 is $6,570 ($547.50 per month).
The total amount you’ll get for CCB payments depends on:
- The number of eligible children in your care
- Your children’s ages (kids under age 6 receive the CCB young child supplement)
- Your adjusted family net income
- Whether your children are eligible for the disability tax credit (DTC) (for the period of July 2024 to June 2025, families could receive up to $3,322 for each child who is eligible for the DTC)
If your adjusted family net income in 2023 was below $36,502, you will get the maximum amount for each child. Above $36,502, CCB payments gradually decrease with higher adjusted family net incomes. See sample calculations on the CRA website, and use the CRA’s CCB calculator to figure out how much you can receive.
If you share custody of a child, you get 50% of what you would have received if you had full custody. The payment amount is based on your adjusted family net income.
Who can apply for the CCB? Who’s eligible?
To apply for CCB payments, you must live with and be primarily responsible for the care and upbringing of at least one child under 18. You must also be a resident of Canada for tax purposes. In addition, you or your spouse or common-law partner must be any of the following:
- a Canadian citizen
- a permanent resident
- a protected person
- a 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”
- an individual who is registered, or entitled to be registered, under the Indian Act
What are the CCB payment dates?
January 19, 2024February 20, 2024March 20, 2024April 19, 2024May 17, 2024June 20, 2024July 19, 2024August 20, 2024September 20, 2024October 18, 2024- November 20, 2024
- December 13, 2024
Canada Child Benefit Payment Dates For November 2024
The Canada Child Benefit is generally paid out on the 20th of each month. However, if the 20th falls on a weekend or public holiday, payments are typically made on the next business day.
For November 2024, the Canada Child Benefit payment will be:
- Monday, November 20, 2024
If you’re signed up for direct deposit, the money will be deposited into your bank account on that date. If you receive your payment by cheque, you can expect to receive it shortly after.
