CRA: $648.91 Child Benefit Tax in November 2024: Fact Check and Eligibility
Introduction
The Canada Revenue Agency (CRA) has announced that the Child Benefit Tax will increase to $648.91 per child in November 2024. This increase is part of the government's plan to make life more affordable for families with children.
Eligibility
To be eligible for the Child Benefit Tax, you must meet the following criteria:
- You have a child who is under the age of 18.
- You are primarily responsible for the care and upbringing of your child.
- You meet the residency requirements.
How to Apply
You can apply for the Child Benefit Tax online through the CRA's website or by mail. The application process is simple and straightforward.
Benefits of the Child Benefit Tax
The Child Benefit Tax provides a number of benefits to families with children, including:
- It helps to offset the costs of raising children.
- It can be used to pay for essentials such as food, clothing, and shelter.
- It can help to improve the quality of life for children.
Conclusion
The Child Benefit Tax is a valuable program that provides financial assistance to families with children. If you are eligible, we encourage you to apply for the Child Benefit Tax today.