The federal government provides the Alberta Child and Family Benefit Plan 2024 to eligible residents of Alberta, Canada. It is a tax-free payment that is given in 4 equal installments which are Feb, May, Aug, and Nov. Soon the residents will get their August 2024 installment payment right in their account or through mail. Filing the tax return is mandatory. Because the CRA takes the info from it and based on that the eligible beneficiaries are considered for the payment. There is no necessity of applying for it distinctly. Read the article to get more info on the Alberta Child and Family Benefits Program 2024.
Alberta Child and Family Benefits
The Alberta Child and Family Benefit offers financial support to lower & middle-income inhabitants in the upbringing of their children. With the help of this plan parents who are facing financial difficulty in taking care of their child would get a big relief. The main purpose of this benefit is to certify financial steadiness in the nation and also to ensure that every child is getting well taken care of. Only those families will get the benefit of the program who have at least one child with them, and the children must age below 18. The benefit amount would vary depending on the no. of children, and net family pay. ACFB consists of a working component and a base component. The base component amount starts to reduce if the family net income exceeds $25,935 and in the case of the working component, the family net income should not exceed $43460.
Canada ACFB 2024- Overview
| Title of the Article | Alberta Child and Family Benefits will be provided from $1510 to $3525 |
| Department Name | Canada Revenue Agency (CRA) |
| Country | Canada |
| Provision Name | Alberta |
| Eligibility | Canadian lower and middle-class families who have children below the age of 18 |
| Alberta Child and Family Benefit Payment Date 2024 | 27th August 2024 |
| Payment Amount | CAD 1510 to CAD 3525 |
| Category | Financial Aid |
| Official Portal | canada.ca |
What is the Eligibility of Alberta Child and Family Benefits?
CRA has set some eligibility requirements for the Alberta Child and Family Benefit Program 2024. Those individuals who qualify for the ACFB Eligibility 2024, will get the payment in 4 installments in their account or via mail whatever they have opted for. Here is the point that you must fulfil:
- The applicant must reside in Alberta, Canada.
- He/she must meet the income criteria set by CRA.
- He/she must file their tax return.
- The applicant should be a parent of one or more children. The children should be aged below 18 years old.
CRA Alberta Child and Family Benefit Amount 2024
The table presented below defines the maximum benefit amount that an Albertan family can get from the Alberta Child and Family Benefit Program 2024. Every year the CRA sets the payment amount in July for the July to June payment. The available benefit amount is based on the current inflation rates. ACFB Benefit Amount 2024 starts to decrease once the family net income surpasses $25,935 or $43,460. The maximum amount is based on the number of children the applicant has, the family’s income level, and which program they fall under.
| Number of Children | Base Component Maximum Amount (Yearly) | Working Component Maximum Amount (Yearly) |
| One child | CAD 1510 | CAD 722 |
| Two child | CAD 2115 | CAD 1379 |
| Three child | CAD 2820 | CAD 1772 |
| Four or more child | CAD 3525 | CAD 1902 |
Alberta Child and Family Benefit Payment Schedule 2024
On behalf of Alberta, the Canada Revenue Agency manages the Alberta Child and Family Benefit Program. The ACFB payment is given in four installments. The eligible recipients would get the payment through direct deposit or mail. View the table underneath to get an idea of ACFB Payment Schedule 2024:
| Payment Dates of Alberta Child and Family Benefit 2024 | Payment Month |
| 27th | August |
| 27th | November |
| 27th | February |
| 27th | May |
How to Apply for ACFB 2024?
The Albertans are not required to apply for the Alberta Child and Family Benefit 2024 separately. When you file your yearly tax returns CRA takes your information. If you qualify for the ACFB Eligibility 2024, then CRA will automatically consider you for the payment. And if you don’t then you won’t receive the benefit. Also, if you are entitled to the CCB then you will again automatically be considered for the ACFB. No additional step is necessary for that.
Alberta Child and Family Benefit 2024 FAQs
Interested applicants must be the inhabitant of Alberta, be a parent of 1 or more children who are aged below 18 and must meet the income criteria. Also, filing tax returns regularly is mandatory.
If you are entitled for the Alberta Child and Family Benefit 2024, then you will be automatically considered for it. The CRA decides if you are eligible for it or not when you file your annual tax returns.
The upcoming ACFB payment will be made on the 27 August 2024 to the eligible recipients.
The applicant with one child can claim a maximum base component amount of $1510. In the case of two children, you can get up to $2115, for three children $2820, and the applicant with four children can get a maximum of $3525.