Canada Child Tax Benefits: Are Expats Eligible?
Canada Child Benefit, briefly known as CCB is a policy administered by Canada Revenue Agency (CRA). By definition, this is a monthly allowance paid to the eligible families to raise the minors (children below the age group of 18).
The common eligibility criteria for CCB are:
- Parents need to supervise the daily activities of the child
- They must ensure child’s medical safety
- Proper care of the child should be taken by meeting all requirements in upbringing.
This is one of the fundamental rights that every Canadian citizen and expat is entitled to enjoy. Seeking guidance from a personal tax consultancy service in Toronto is the best option to avail of the Canada Child Tax Benefit without much hassle.
The payable amount to each family is calculated typically every July. For instance, if there is a change in your annual income (based on which the payable Canada Child Benefit is calculated) in 2021, it will come into effect from July 2022. Therefore, it is high time for the parents to get in touch with expats Tax Consultants in Toronto.
Eligibility Criteria for the Canada Child Benefit
Coming to the focal point of our discussion, let us now see the eligible parents for the Canada Child Benefit. The list of eligibility is given below.
- The parent/ parents should live with the child (under 18), meeting all his/ her daily requirements
- The parent/ parents should fall under the category of Canadian resident from the perspective of taxes
- Either of the parents must fulfil the following prerequisites:
– Must be a Canadian citizen
– Should be a permanent resident
– In the case of a temporary resident, he or she should possess a valid 19th-month permit barring the one that says “does not confer status”
– Has to be an individual already registered under or authorized to be registered under the Indian Act.
These are the basic eligibility criteria for availing of the Canada Child Benefit. One thing you must note is that if Child Special Allowance (CSA) is paid out in a month, CCB will not be paid in the same month by the CRA policy. If you are an ex-pat and trying to avail the allowances of the Canada Child Benefit, contact the best tax consultants in Toronto. These consultants are professionals in the field who will help you with all the necessary details, procedures, etc. that you will require to complete your task related to tax filing.
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