What Are The Top 10 Points Every Separated Parent Should Know About The Canada Child Benefit?

1. The Basics: The ‘Canada Child Benefit’, called the ‘CCB’ in this article, is a tax-free monthly payment to parents to help with the cost of raising children under 18 years of age and is administered by the Canada Revenue Agency. On July 1, 2016, the Government of Canada, replaced the former ‘Canada Child Tax Benefit’ and ‘Universal Child Care Benefit’ with the CCB. 2. How much is the CCB A parent with annual income of less than...