If you have children under the age of 18, the Universal Child Care Benefit is something you are now entitled to as of January 2015. Before you go scrambling to your bank statement for this month, you should know that although the tab starts collecting this month, the cheque won’t appear until July.
Here is the breakdown of how much you can expect to receive and when:
Children ages 0 to 5 years, 11 months
Since 2006, the Federal government has been providing families with $100 per month per child in this age range. As of January 2015, families will receive $160 per month per child currently in this age range. However, the first installment will not arrive in your mailbox or bank account until July 2015. You will receive payment for January to July in one lump sum, followed by the monthly payments of $160 until your child’s 6th birthday.
PREVIOUSLY: $100/month = $1200/year
NOW: $100/month January to June, $520 in July ($60 x 6months + $160 for July), $160/month August to December = $1920/year
NEXT YEAR: $160/month = $1920/year
Children ages 6 to 17 years, 11 months
Children over the age of six have never received the UCCB previously to this year. As of January 2015, families will receive $60 per month per child in this age range. However, the first installment will also not arrive in your mailbox or bank account until July 2015. You will receive payment for January to July in one lump sum, followed by the monthly payments of $60 until your child turns eighteen.
NOW: $0 January to June, $420 in July ($60 x 6months + $60 for July), $60/month August to December = $720/year
NEXT YEAR: $60/month = $720/year
HOW TO APPLY
If you already receive UCCB for any of your children, be sure to file your taxes for 2014 and the benefit will increase without any other effort on your part. The CRA has not yet updated their website to inform us how to ensure we receive the UCCB for children over 6 years old.
EDIT: This post has been updated HERE. We did not realize that this would cause so much discussion and confusion! There is a great deal of misinformation in the comments, so if you are unsure about some of the above information, we recommend you just skip forward to the update.