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As of January 1, 2015, the Universal Child Care Benefit (UCCB) is now available to families with children aged 6 to 17, and includes increased payments for children under the age of 6. Benefits now equal $160 per month for children less than 6 years of age, and up to $60 per month for children aged 6 to 17. These benefits are also retroactive to January 1, 2015. Therefore, if you have not yet submitted your application, you may still receive the full benefit as of this date, for all children in your care who fall between the specified age groups.
The increased benefits allows more than twice as many families to benefit from an additional bit of income – an increase from 1.6 million families to 4 million, helping to pay for such things as child care services, school supplies, extracurricular activities and more. If you have not already done so, you should apply for the benefit as soon as your child is born, a child starts to live with you, or you become a resident of Canada.
Who qualifies?
To qualify for the UCCB, you must meet the following conditions:
Do you have to apply for the enhanced benefit?
If you are already receiving Universal Child Care Benefits, have applied for them or for the Canada Child Tax Benefit, or are the parent of a newborn and have applied in 2015, you do not have to submit an application, and should receive your benefits automatically. Otherwise, you should apply as soon as possible.
A few things to keep in mind:
For more information, or to apply for UCCB, please visit CRA’s website at http://www.cra-arc.gc.ca/bnfts/uccb-puge/menu-eng.html.
Sources:
http://www.cra-arc.gc.ca/bnfts/uccb-puge/menu-eng.html
The information contained in this article is for general use only and should not be viewed as professional advice. Accounting and tax rules and regulations regularly change and individuals should contact a competent professional to obtain accounting and tax advice based on their specific situation.
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