When it comes to taking advantage of the Canada Child Tax Benefits and other tax savings that involve your children, where you reside in Canada can mean more money benefits and savings for you and your family.
Canada Child Tax Benefit
The Canada Child Tax Benefit (CCTB) is a tax-free monthly payment available to be made to eligible Canadian families to help with the cost of raising children under the age of 18 years. The Canada Child Tax Benefit can incorporate the National Child Benefit Supplement (NCBS), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental or physical impairments.
Canadian child tax benefits are available to all the provinces and territories in Canada that is usually issued on the 20th day of each month, and one week earlier in December, if you are looking for more information and how to get Canada Child Tax Benefit, you are advised to go directly to Canada Revenue Agency by mail or website. How much will I receive? Your eligibility amount for the Canada Child Tax Benefit is calculated in accordance with the information provided on the Income Tax and Benefit Returns, but also can be changed or adjusted during the year in case of any change in the family size or marital status.
According to CCTB Eligibility Criteria, the Applicant must be, or his/her spouse or common-law partner that is; a Canadian citizen, a permanent resident, a protected person or a temporary resident who has lived in Canada for the previous 18 months and must be the primary caregivers of a child under the age of 18 besides other criteria may apply. It offers Automated Benefits Application service which is quick, easy and secure and works for all kinds of child benefit programs for your newborn.
These are some of the best places to live in Canada for families to get more Provincial and Territories benefits that are being offered to families in relation to their children.
Expecting Parents Benefits
Québec is the best place in Canada for becoming new parents, where Manitoba offers a monthly prenatal benefit during pregnancy that provides newly becoming parents with less than $32,000 in income. The monthly amounts that expecting parents received from the Régie des rentes du Québec is the highest among other Canadian provinces, it’s on top of the national child tax benefit, whereas the single parents receive extra benefits.
Child Adoption Benefits
If you are looking to adopt a child in Canada, Alberta, British Columbia, Ontario, Newfoundland and Yukon are the best places in Canada for child adoption because all the provinces offer provincial adoption expense tax credits.
Studious Children Benefits
Ontario is the best place to take the tax advantages on children’s education, it’s the only province that allows more than a $5000 provincial tuition transfer to a spouse that may be your parent, a common-law partner, a grandparent or your spouse or common-law partner. In the year 2011, it offers a $6184 maximum provincial tuition transfer in Ontario.
Children Sports Benefits
If you are planning to raise a future hockey star, Manitoba, Yukon, Ontario, Saskatchewan and Nova Scotia are the best places in Canada that offer provincial credits for children in the games and sports programs like:
- Child Fitness Credit is offered in Manitoba and Yukon.
- Children Tax Credit also known as the Healthy Living Tax Credit is being offered by Nova Scotia to facilitate Sports and Recreational Expenses for children.
- Ontario offers the Children Activity Tax Credit that includes various types of activities that are best for the children where also every child enjoys participating in arts, music, language, interpersonal and intellectual skills, tutoring and nature.
- Saskatchewan offers a great opportunity named the Active Families Benefit which includes cultural and multicultural activities in the arts and heritage.
The Canadian Government offers a great variety of provincial, territorial and national child and family benefits programs that you can find out about these newborn baby bonus and benefit programs and services on the Canada Revenue Agency website online along with the automated benefits application that contributes to the economic and social well-being of Canadians.