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CHILD TAX BENEFIT IN CANADA

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CHILD TAX BENEFIT IN CANADA

Canadians frequently call their social security system as the “national security system”. This program was designed to help all social strata (especially minors, elderly and the unemployed people). In Canada, benefits were introduced in January 1993. They are paid to families with low or middle income, with one or more minor children. The benefit amount depends on the family’s annual income.

National Child Benefit program combines two elements: the federal monthly allowance for each child from a family with low income, as well as additional provincial benefits and payments. Such benefits may include medical insurance, free public transport, budgetary subsidy or provision of work in Canada. Families, whose annual income is less than twenty thousand dollars, are eligible to apply for the state assistance. The assistance amount depend on the number of children in the family. Larger families have the opportunity to get indexed financial assistance, even if the income is over twenty thousand dollars.

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