If you are a resident of Ontario and have children, you might qualify for the Child Benefit Ontario 2023 to help with the cost of raising them. This article of mine will cover the Child Benefit Ontario 2023 payment dates for qualifying families, as well as the Child Benefit Ontario 2023 eligibility requirements and maximum amount.
Although the Ontario Child Benefit (OCB) is a tax-free monthly payment meant to help parents with the expenses of raising children, it is sometimes referred to as a child tax benefit. Your payment amount might have increased this month if your family qualifies for the OCB.
As per this year’s recalculation, families may receive an extra CAD 440 for each child under six and CAD 372 for each child between the ages of six and seventeen in comparison to the 2022–2023 period. The Ontario Child Benefit (OCB) has increased for eligible families due to recalculations based on inflation. For low-income families, the maximum benefit amounts will rise by hundreds of CAD over the previous benefit year.
Child Benefit Ontario 2023
The Canada Revenue Agency provides eligible families with children under the age of 18 with a non-taxable monthly payment known as the Canada Child Benefit and hence Ontario Child Benefit. OCB’s goal is to assist middle-class and low-income families in meeting the costs of raising children. Since its introduction in 2016, the OCB has been indexed to inflation.
The Child Disability Benefit (also known as the OCB) may be included in OCB payments, and certain provinces and territories also provide extra help. The Ontario government funds the Ontario Child Benefit (OCB), a program that assists families with the expenses of raising their children. It is organized by the CRA and provides low- to moderate-income families with a monthly tax-free benefit and below i have mentioned about Ontario Child Benefit 2023 Amount so read it.
Child Benefit Ontario November 2023 Details
|Name of Scheme||Ontario Child Benefit (OCB)|
|Name of Organization||Canada Revenue Agency|
|Beneficiaries||Eligible Ontario families|
|Payment Period||July 2023 to June 2024|
|Yearly Amount||up to 1,607 CAD per child|
|Monthly Amount||up to 133.91 CAD per child|
How much is the OCB per month in 2023?
For families making less than CAD 34,860 annually, the maximum annual amount that can be awarded to children under the age of six is CAD 7,437 (CAD 619.75 per month). For children aged 6 to 17, families in the same income bracket are eligible to receive up to CAD 6,275 (CAD 522.91 per month) per child annually. In the event that your adjusted net family income exceeds CAD 34,865, these amounts will be lowered.
Ontario Child Benefit 2023 Eligibility
You or your spouse or common-law partner are one of the following if you are an individual or a couple living with a minor under the age of 18, primarily responsible for the child’s care and upbringing, and a resident of Canada for tax purposes:
- Ontario national or Permanent citizen
- Person in protection
- Temporary resident with a valid permit in the 19th month, unless it says “does not confer status” or “does not confer temporary resident status,” and who has been in Canada for the last 18 months.
- Anybody who meets the requirements to register under the Indian Act
Ontario OCB Payment Dates 2023
Eligible residents of Ontario receive a monthly payment via Ontario Child Benefit, so Ontario Child Benefit Dates for 2023 are shared below:
|Month||Ontario OCB Dates|
|January OCB||January 20, 2023|
|February OCB||February 20, 2023|
|March OCB||March 20, 2023|
|April OCB||April 20, 2023|
|May OCB||May 19, 2023|
|June OCB||June 20, 2023|
|July OCB||July 20, 2023|
|August OCB||August 18, 2023|
|September OCB||September 20, 2023|
|October OCB||October 20, 2023|
|November OCB||November 20, 2023|
|December OCB||December 13, 2023|
Ontario (Canada) Child Benefit 2023 & Eligible Will Get Almost CAD 7,500
For 2023–2024, eligible families is getting an increase in the Ontario Child Benefit (OCB) of nearly CAD 7,500 per child under six, this is a significant increase over the previous year. As per the official news Ontario (Canada) Child Benefit 2023 was increases as per plan. And now the Ontario families are getting 6.3% more since July 20, the next scheduled date of the Canada Child Benefit payment is 20 November 2023 so be ready to get the payment.
With the exception of December, when the benefit is paid on December 13, the OCB is paid on the twentieth day of every month. Canada Child Benefit 2023 Next Payment Date is November 20, 2023. In order to guarantee that benefits keep up with inflation, the federal government indexed the OCB. Every July, these adjustments are computed in conjunction with modifications to a family’s net income.
Canada Child Benefit Phone Number
- Residents of Canada outside of Alberta can reach the Canada Child Benefit by calling 1-800-387-1193.
- Albertans can reach them at 1-800-959-2809.
- Residents of Ontario can ring up on 1-800-387-1193
- Call 1-866-426-1527 for Yukon, Northwest Territories, and Nunavut.
- These numbers are available to Canadians 8 a.m. to 8 p.m. (local time) Monday through Friday and 9 a.m. to 5 p.m. (local time) on Saturday.