What is CCB in Marriage and Separation – Canada Child Benefit 

What is CCB
  • Qualifying families may receive a payment of up to $6,765 per year for children under 6 years of age.

  • In addition, they may receive up to $5,708 per year for children between 6 and 17 years of age.

  • One of the primary problems is the CRA’s treatment of situations of shared custody, there is a strong possibility that each family would receive less overall.

  • How much you can get for CCB depends on several factors.

  • In certain situations, the CRA may conduct a child tax benefit audit.

  • You will be required to split CCB with the other parent if you have shared custody.

What is the CCB?Ken Maynard CDFA, Acc.FM2023-08-15T00:13:46-04:00

The Canada Child Benefit (CCB) is a tax-free monthly payment made to eligible families to help with the cost of raising children under 18 years of age.

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About the Author:
Ken Maynard CDFA, Acc.FM

I assist intelligent and successful couples in crafting rapid, custom separation agreements that pave the way for a smooth transition towards a secure future. This efficient process is achieved in about four meetings, effectively sidestepping the excessive conflicts, confusion, and costs commonly linked to legal proceedings. Clients have the flexibility to collaborate with me either via video conference or in-person through a DTSW associate at any of our six Greater Toronto mediation centers, located in Aurora, Barrie, North York, Vaughan, Mississauga, and Scarborough.

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Ken Maynard CDFA, Acc.FM2024-07-16T10:58:12-04:00