Canada Child Tax Benefit
Encyclopedia
The Canada Child Tax Benefit (CCTB) is a tax
-free monthly payment available to eligible Canadian
families to help with the cost of raising children
. The CCTB can incorporate the National Child Benefit
(NCB), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental
or physical impairments.
The CCTB was enacted in response to a commitment made by the Canadian parliament, in November 1989, to eradicate child poverty in Canada by the year 2000. However, it has been found that, due to cutbacks to social assistance
, the impact of this program in reducing child poverty is negligible.
Income tax
An income tax is a tax levied on the income of individuals or businesses . Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate...
-free monthly payment available to eligible Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
families to help with the cost of raising children
Cost of raising a child
The cost of raising a child varies from country to country.-Developing countries:According to Globalissues.org, "Almost half the world — over three billion people — live on less than $2.50 a day." This statistic includes children. On this number, it costs roughly US$900 to raise a child for a year,...
. The CCTB can incorporate the National Child Benefit
National Child Benefit
The Canadian National Child Benefit initiative aims to help children living in poverty. The program is a partnership between federal, provincial and territorial governments and First Nations in Canada...
(NCB), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental
Mental illness
A mental disorder or mental illness is a psychological or behavioral pattern generally associated with subjective distress or disability that occurs in an individual, and which is not a part of normal development or culture. Such a disorder may consist of a combination of affective, behavioural,...
or physical impairments.
The CCTB was enacted in response to a commitment made by the Canadian parliament, in November 1989, to eradicate child poverty in Canada by the year 2000. However, it has been found that, due to cutbacks to social assistance
Welfare
Welfare refers to a broad discourse which may hold certain implications regarding the provision of a minimal level of wellbeing and social support for all citizens without the stigma of charity. This is termed "social solidarity"...
, the impact of this program in reducing child poverty is negligible.
External links
- Information about CCTB from Revenue CanadaCanada Revenue AgencyThe Canada Revenue Agency is a federal agency that administers tax laws for the Government of Canada and for most provinces and territories, international trade legislation, and various social and economic benefit and incentive programs delivered through the tax system...
. - Ottawa on lookout for child benefit fraud