How is the CDB calculated if a child is eligible for DTC?

If you have already applied for the CCB or previous federal child benefits (such as the Canada child tax benefit) for a child who is eligible for the DTC, the CDB will be calculated automatically for the current and the two previous CCB payment periods. Beyond these payment periods, you have to send a written request to your tax centre.

How is CCB calculated?

The CCB is calculated as follows. $7,437 per year ($619.75 per month) for each eligible child under the age of 6 $6,275 per year ($522.91 per month) for each eligible child aged 6 to 17 These amounts start being reduced when the adjusted family net income (AFNI) is over $34,863. The reduction is calculated as follows:

What is Canada Child Benefit (CCB)?

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, administered by the Canada Revenue Agency (CRA). Updated for 2023-2024. Calculate the estimated amount of Canada Child Benefit you will receive.

How is Canada Child Benefit calculated?

This calculator is for illustration purposes only. Your actual Canada Child Benefit will be calculated by the Canada Revenue Agency based on your total family income reported on your 2022 tax returns. It is assumed the children will remain in the same age group from July 2023 to June 2024, the full benefit year.