The Canadian Government commits to provide quality of life to all citizens of the country in all aspects. So, to help the individuals providing care and looking after a physically challenged child under 18 years of age, the Government provides them with the Child Disability Benefit. $276.83 / M CDB November 2024 acts as a tool to provide financial assistance to families by alleviating the costs related to their medical care and other services. The families eligible to claim CCB having a child who qualifies for Canada Disability tax Credit 2024.
$276.83 / M CDB November 2024
The CDB benefit amount is calculated on the basis of tax returns of the base year and for base year 2023, the benefit amount was expected to be $3322 which intends to pay $276.83 / M CDB November 2024 to all the qualifying beneficiaries. These extra funds help the low-income earning families to provide quality of life to the dependent child and not restrict themselves to provide any kind of medical or physical assistance required by the child. This encourages more and more people to look after their loved ones and those in need without any financial constraints.
Canada Child Disability Benefit 2024 – Overview
Post | $276.83 / M CDB November 2024 |
Proposed By | The Canadian Government |
Country | Canada |
Benefit Providing Agency | Canada Revenue Agency (CRA) |
Main Purpose of the Payment | Financial Aid |
Eligibility | Check article |
Payout Schedule | Monthly |
Payment Amount | $276.83 |
Post Type | Finance |
Official Website | canada.ca |
CDB Eligibility 2024
The Child disability Benefit is granted to beneficiaries qualifying for the following criteria:
- The individuals looking after a physically challenged child under 18 years of age.
- Individuals shall be qualifying to receive the Canada Child Benefit (CCB).
- The dependent under 18 years of age shall be qualifying to receive Disability Tax Credit (DTC)
Canada Child Disability Benefit November 2024
The Child Disability Benefit can be claimed by qualifying individuals each month. The following table provides the benefit payment dates for CDB 2024:
Month | Payment Date |
November | 20th November 2024 |
December | 13th December 2024 |
CRA CDB Payment Amount 2024
The benefit payment amounts for Child Disability Benefit 2024 are calculated based on two of the following factors:
- Number of children in a household qualifying for the benefit.
- Average earnings of the family in the base year.
The base year is the year in which taxes were filed by the individuals before claiming the benefits from the Government. For calculating the benefit amount for 2024-2025 the base year is considered to be 2023.
It is to be noted that the threshold for the family income is set to a limit of $79,087. In case the earnings of the family increases the threshold income, the benefit amount is reduced. The following table illustrates the reduction calculation:
Number of Children | Percentage of Reduction |
1 | 3.2% |
2 or more | 5.7% |
However, the benefit amount for Child Disability Benefit November 2024 is entitled to be $276.83 per month ($3,322 annually) considering all factors stated above.
How to Claim $276.83 / M Child Disability Benefit 2024
The Child Disability Benefit 2024 can be claimed by all qualifying individuals by checking their eligibility criteria. Individuals taking care of dependent children under 18 years of age and qualifying for Canada Child Benefit can claim this benefit. Children qualifying for Disability Tax Credit may also claim the benefit. This can be done by following the guide given below:
- Visit official website
- Check eligibility criteria
- Provide all information required.
- Provide necessary details like bank information etc.
- Attach supporting documentation
- Submit Application
FAQs related to $276.83 / M CDB November 2024
Yes, individuals claiming CCB qualify to claim CDB.
The annual benefit amount was calculated to be $3.322 based on all factors. So, the monthly benefit payment amount is $276.83 to be credited to all qualifying beneficiaries.
The payment for CDB is credited each month to all eligible individuals.
The seekers will be granted CDB benefits on 20th November 2024.