The qualifying residents of Canada are expected to receive the $547.50/M Child Benefit Canada For August 2024 from the Canada Revenue Agency. The beneficiaries would receive the payout on 20th August 2024. A monthly payment of $547.50 would be made to families or individuals whose child falls within the age range of six and seventeen. Depending on your Average Family Net Income, you will receive a maximum payment of $648.91 per month if the child is under six years old. Using their authentic site, you can submit an online application for the benefit. You should check the $547.50/M Canada Child Benefit Eligibility 2024 to see whether you can claim the payment or not. Therefore, read the post through if you’re curious to find out. However, we do not confirm this payment coming as our fact check could not collect any supporting documents that prove this payment scheme.
$547.50/M Child Benefit Canada For August 2024
Low-income individuals or families can get financial assistance in caring for their children through the $547.50/M Child Benefit Canada For August 2024. This plan was created by the Canadian government to help people handle their child-related expenses. Only parents whose children are between the ages of six and seventeen are eligible to claim this payment. The recipients’ adjusted family net income determines whether or not to receive this non-taxable contribution. If your AFNI is less than $36,502, the maximum monthly benefit you can receive under this program is $547.50. The authority strives to provide them with the utmost amount possible to keep up with rising living expenses. They raise the amount annually by each person’s adjusted family net income.
$547.50/M Canada Child Benefit Payment 2024
| Program | $547.50/M Canada Child Benefit Payment 2024 |
| Department | Canada Revenue Agency |
| Country | Canada |
| $547.50 Child Benefit Payment Date 2024 | 20 August 2024 |
| $547.50/M Child Benefit Eligibility 2024 | Canadian Citizens with Children |
| Frequency of the Payment | Monthly |
| Category | Finance |
| Official Portal | www.canada.ca |
What is the Eligibility For $547.50/M Child Benefit Canada 2024?
The candidates must meet the $547.50/M Canada Child Benefit Eligibility 2024 laid out by the Canada Revenue Agency. All of the following requirements must be fulfilled by them:
- You should bear primary responsibility for the child’s maintenance and upbringing.
- The child must be between the ages of six and seventeen and reside with you.
- Tax purposes require you to be a resident of Canada.
- Either your spouse or your common-law partner must be a citizen of Canada.
$547.50/M Child Benefit Canada Payment Dates 2024
CCB beneficiaries have been holding out for their monthly payout. Payments for Canada’s child benefit are typically made on the twentieth of each month. On the other hand, payment is made on the final working day of the specified date in the event of a Saturday, Sunday, or other national holiday. For a comprehensive understanding of the Payment Schedule for $547.50/M Child Benefit Canada, see the table that follows:
| Month of the Year | $547.50/M Child Benefit Canada Payment Dates 2024 |
| August | 20th August 2024 |
| September | 20th September 2024 |
| October | 18th October 2024 |
| November | 20th November 2024 |
| December | 13th December 2024 |
How To Claim $547.50/M Child Benefit Canada 2024
Applying for the $547.50/M Child Benefit Canada For August 2024 can be done by mail or on the CRA website. To understand the entire process, pay attention to the following points:
- Go to www.canada.ca, the Canada Revenue Agency’s official website.
- Open your My Account and log in.
- Select the option to “Apply for child benefits” now.
- Fill out the form completely, and if asked, attach any supporting evidence.
- Before submitting your application, review it.
$547.50/M Child Benefit Canada: Fact Check
Claim: $547.50/M Child Benefit Canada
Fact Check: False
Reason:
- The number of children under your care, their age, and the AFNI as reported on the prior year’s tax return determines the amount of the Canada Child Benefit Payment.
- The payout amount for August 2024 to July 2025 would be determined by the applicants’ 2023 AFNI.
- You can receive a maximum of 547.50 per month for each qualified child if your AFNI is less than $36,502.
- Additionally, if your AFNI exceeds $36,502, the payments will begin to decline.
FAQs On $547.50/M Child Benefit Canada For August 2024
The beneficiary’s child must be between the ages of six and seventeen and meet all eligibility requirements, including those related to residency status, income, and other factors.
On 20th August 2024, you will get your $547.50 CCB payment.
Applicants may apply in person, or via mail for the $547.50 Canada Child Benefit through the CRA’s official website at www.canada.ca.