Finance

Canadians to Receive Child Benefit Cheques This Week Despite Canada Post Strike - What You Need to Know!

2024-11-18

Author: Amelia

Overview

In a timely announcement, Canadian families will be receiving their November Canada Child Benefit (CCB) payments this week, amidst the ongoing postal strike affecting Canada Post workers nationwide. Despite the challenges, both Canada Post and the Canada Revenue Agency (CRA) have confirmed that eligible families will still receive their cheques in the mail.

Special Arrangement for Delivery

This special arrangement stems from a collaboration between Canada Post and the Canadian Union of Postal Workers (CUPW), ensuring that socio-economic cheques, including the CCB and various provincial benefits like Alberta's child and family benefit, will be delivered without delay on November 20, 2024.

Payment Details

The CCB payments, calculated based on family net income reported in the previous year’s tax return, the number of children, and their ages, were notably adjusted in July to reflect inflation and income changes. For November, families with children under six can expect a maximum payment of $648.91—this marks a 4.7% increase from last year. Meanwhile, payments for children aged six to seventeen will be $547.50, also reflecting a 4.7% rise.

Eligibility Criteria

It’s important to note that families will receive the maximum benefit as long as their adjusted family net income is below $36,502. Beyond this threshold, the benefit will gradually decrease. If a family's total benefits for the year are less than $240, they likely received a lump sum payment in July and won't receive any additional payments this month.

Who Can Claim?

Eligibility for the CCB requires that the primary caregiver resides in Canada with a child under the age of 18. Interestingly, the CRA also permits claims for foster children unless special allowances for them are applicable for that month. In shared custody arrangements, both parents are entitled to claim 50% of the benefits.

Continued Support Despite Strike

Despite the disruptions caused by the strike, other government benefits, including the Canada Pension Plan and Old Age Security, will continue to be delivered, providing some peace of mind for Canadian families reliant on these payments.

Conclusion

As the postal strike lingers, the delivery of these vital benefits highlights the importance of ensuring that families continue to receive essential support. Don't miss your cheque this week—stay informed and be prepared!