The Canada Revenue Agency gives out the $547.50 Child Benefit 2024 every month to the eligible residents of Canada. In July 2024, the beneficiaries would get the payment on the 19th. $547.50 monthly amount would be paid to those families or individuals whose child is aged from 6 to 17 years. If the child is below the age of 6 then you will get the maximum payment of $648.91 per month depending on your AFNI. You can apply for the benefit online from their authorized portal. In this post, we’ll share with you the $547.50 Monthly Child Benefit 2024, eligibility, payment amount, and most importantly the payment dates. So, if you are interested in knowing that continue reading the post.
$547.50 Per Month Child Benefit 2024
The $547.50 Monthly Child Benefit 2024 provides financial support to low-income individuals or families in taking care of their children. The Canadian Government has come up with this plan to assist individuals in managing expenses related to their children. Only those individuals can claim this benefit whose children are aged between 6 to 17 years. It is a non-taxable payment that depends on the adjusted family net income of the beneficiaries. The maximum amount you can avail of under this benefit is $547.50 per month if your AFNI is below $36,502. To keep a step with increased living prices, the authority tries to give the maximum amount to them. Every year they increase the amount based on the individual’s AFNI.
$547.50 Canada Child Benefit 2024- Overview
| Title of the Article | $547.50 Per Month Child Benefit |
| Department Name | Canada Revenue Agency (CRA) |
| Country | Canada |
| Beneficiaries | Eligible residents of Canada whose children are aged 6 to 17 years of age |
| $547.50 Child Benefit Payment Date 2024 | 19th of July 2024 |
| Payment Amount | CAD 547.50 |
| Frequency of the Payment | Monthly |
| Category | Financial Aid |
| Official Portal | canada.ca |
What is the Eligibility for the $547.50 CCB 2024?
Canada Revenue Agency has set some eligibility requirements which has to be fulfilled by the $547.50 Child Benefit 2024 applicants. Below mentioned all points have to be met by them:
- You should be principally accountable for the upkeep & upbringing of the child.
- The child must be aged from 6 to 17 years old and have to be living with you.
- You should be an inhabitant of Canada for tax purposes.
- You or your common-law partner or your spouse should be one of the following:
- A permanent occupant
- A citizen of Canada
- A protected individual (as well-defined in the Immigration and Refugee Protection Act)
- A temporary occupant
- An occupant is eligible to be registered or already registered under the Indian Act.
$547.50 Monthly CCB Payment Amount 2024
The Canada Child Benefit Payment Amount is based on the no. of children in your upkeep, their age, and the AFNI as stated in the previous year’s tax return. Every year in July the payment for the following year from July to June is adjusted. For July 2024 to June 2025, the payment amount would depend on the 2023 AFNI of the applicants. If your AFNI falls under CAD 36,502 then you can get the maximum amount of $6,570 per year (547.50/ month) for each eligible child. Also, the payments would start to decrease if your AFNI is above CAD 36,502. Refer to the official portal of CRA to know the total reduction on your payment amounts.
Canada Child Benefit Payment Dates 2024
Recipients of CCB have been waiting for their monthly payment. Canada Child Benefit Payments are usually made on the 20th of every month. However, in case of Saturday, Sunday, or any national holiday the payment is given on the last working day of the said date. So, if you wish to know the complete Canada Child Benefit Payment Schedule 2024, then refer to the table presented below:
| Month of the Year | Canada Child Benefit Payment Date 2024 |
| January 2024 | 19th |
| February 2024 | 20th |
| March 2024 | 20th |
| April 2024 | 19th |
| May 2024 | 17th |
| June 2024 | 20th |
| July 2024 | 19th |
| August 2024 | 20th |
| September 2024 | 20th |
| October 2024 | 18th |
| November 2024 | 20th |
| December 2024 | 13th |
It is to be noted that those recipients who are getting their first payment will receive the payment in 8 weeks if they have applied online. If you have mailed the application, then you will get the payment in 11 weeks. If you do not get the benefit payment after 5 working days of the expected payment date, then it is recommended to contact CRA.
How to Apply for $547.50 CCB 2024?
You can apply for the $547.50 CCB 2024 from the CRA website or via mail. To know the whole procedure, follow the points stated below:
- Visit the authorized site of the Canada Revenue Agency (CRA) i.e. canada.ca.
- Log in to your My Account.
- Now click on the “Apply for child benefits” option.
- Fill out the form by filling in the correct details and upload the documents if asked.
- Review your application before submitting it.
$547.50 per Month Child Benefit FAQs
The recipient’s child must be aged between 6 to 17 years and fulfil the required eligibility criteria based on residency status, income criteria, and more.
You will get your next $547.50 CCB Payment 2024 on the 19th of July 2024.
Interested applicants can apply for the $547.50 Canada Child Benefit from the CRA official portal @canada.ca, via mail, or through birth registration.