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CRA Accessing Benefits and Receiving Credits

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CRA Accessing Benefits and Receiving Credits Get your benefits and credits Benefit and credit payments Don’t miss out on the benefits and credits ! you may be eligible for! • You and your spouse or common-law partner have to do your taxes every year to receive your benefit and credit payments, even if you had no income in the year. 2 Benefits and credits Some of the benefits and credits for which you may be eligible include: Canada child benefit Disability tax credit Child disability benefit Goods and services Canada workers benefit Related benefit and tax/harmonized sales (formerly Working income credit payments from tax (GST/HST) credit tax benefit) provincial or territorial programs 3 Canada child benefit Canada child benefit (CCB) • A tax-free payment up to $6,639 made to the primary caregiver of a child under 18 years of age. • Applying for the CCB will also register the child for any related provincial or territorial programs. 5 CCB payments, July 2019 to June 2020 2018 family Per child under Per child 6 to 17 net income age 6 (monthly) (monthly) $0 to 31,120 $553.25 $466.83 $35,000 $530.61 $444.20 $40,000 $501.45 $415.03 $45,000 $472.28 $385.86 $100,000 $254.63 $168.21 $150,000 $121.30 $34.88 $175,000 $54.63 $0.00 6 Are you eligible for the CCB? To be eligible for the CCB, you must meet all of the following conditions: • You live with a child who is under 18 years of age • You are primarily responsible for the care and upbringing of the child • You are a resident of Canada for tax purposes Also you or your spouse or common-law partner must be one of the following: o a Canadian citizen o a permanent resident o a protected person o a temporary resident who has lived in Canada for the previous 18 months, and who has a valid permit in the 19th month o an Indian within the meaning of the Indian Act. 7 When should you apply for the CCB? Apply as soon as possible after: • your child is born • a child starts to live with you • you or your spouse or common-law partner meet the eligibility conditions You should apply even if: • you share custody of a child • a child is living with you temporarily 8 Do you share custody of your child? • Shared-custody is when a child lives part of the time with you and the rest of the time with another individual at a different address on a more or less equal basis. • If you and your child’s other parent live in the same home, you do not share custody 9 How do you apply for the CCB? You can apply for the CCB in one of the following ways: • Automated Benefits Application • My Account at canada.ca/my-cra-account • Form RC66, Canada Child Benefits Application No matter how you apply, you and your spouse or common-law partner must do your taxes every year to receive your payments. 10 Applying for the CCB using the Automated Benefits Application (ABA) You can use this service when you register the birth of your newborn with your province or live in the northwest Territories. The territories of Yukon and Nunavut will be offering this service in the near future. You will need to: • fill out and sign the birth registration form • give your consent in the appropriate section to let your provincial vital statistics agency securely share the information from your birth registration with the CRA • provide your social insurance number to avoid any delays 11 Applying for the CCB using My Account • Login to My Account at canada.ca/my-cra-account • go to “Apply for child benefits” • confirm your contact information, your marital status, and your citizenship • add your child’s name, gender, date and place of birth, and caregiver information After you apply, you can check the status of your application in My Account. 12 Applying for the CCB using Form RC66 • Fill out and sign Form RC66, Canada Child Benefits Application. • Mail the form to the CRA. 13 Respond to letters from the CRA If you receive a letter from the CRA: • Call the number on the letter if you have any questions • Send the requested information to the CRA • Don’t ignore the letter! If you do, your payments could be delayed or stopped 14 Disability tax credit 15 Disability tax credit (DTC) • Reduces the amount of income tax a person with a disability and their supporting family members may have to pay. • Allows you to claim $8,416 in non-refundable tax credits • Being eligible for this credit may open the door to other programs. The eligibility for the credit is based on the effects that an impairment has on a person, not on the medical condition itself. 16 How do you apply for the DTC? • Fill out Part A of Form T2201, Disability Tax Credit Certificate, with your basic personal information. • Ask your medical practitioner to fill out and certify Part B of the form. • Send the filled-out and signed form to the CRA. 17 Child disability benefit 18 Child disability benefit (CDB) • The CDB is a tax-free benefit for families who care for a child under the age of 18 who is eligible for the disability tax credit. • A child is eligible for the DTC when a medical practitioner certifies in Form T2201 that the child has a severe and prolonged impairment in physical or mental functions. • The CDB is paid monthly along with the Canada child benefit. 19 CDB payments, July 2019 to June 2020 One eligible Two eligible Three eligible Family net dependant dependants dependants income (2018) ($/month) ($/month) ($/month) $0 to $67,426 $236.00 $472.00 $708.00 $70,000 $229.14 $459.77 $695.77 $75,000 $215.80 $436.02 $672.02 $80,000 $202.47 $412.27 $648.27 20 GST/HST credit 21 GST/HST credit • A tax-free payment that helps individuals and families with modest income offset all or part of the GST or HST that they pay. • You don’t have to apply. When you do your taxes, the CRA will issue payments, including any payments from related provincial programs, if they determine you are eligible. • The credit is paid four times a year, around the 5th of July, October, January, and April. 22 Are you eligible for the GST/HST credit? You may be eligible for this credit if you are a resident of Canada and at least one of the following applies: • You are 19 years of age or older • You have (or previously had) a spouse or common-law partner • You are (or previously were) a parent and live (or previously lived) with your child 23 How is your GST/HST credit calculated? The CRA calculates your GST/HST credit based on: • the number of children you have registered with the CRA for benefits and credits • your family net income 24 GST/HST credit, July 2019 to June 2020 Single person Family net No 1 child 2 children 3 children 4 children income children ($/year) ($/year) ($/year) ($/year) (2018) ($/year) under $290.00 $9,412 $12,000 $341.76 $15,000 $401.76 $733.00 $886.00 $1,039.00 $1,192.00 $20,000 $25,000 $443.00 $30,000 25 GST/HST credit July 2019 to June 2020 Married/common-law Family net No 1 child 2 children 3 children 4 children income children ($/year) ($/year) ($/year) ($/year) (2018) ($/year) under $580.00 $733.00 $886,00 $1,039.00 $1,192.00 $37,789 $39,000 $519.49 $672.45 $825.45 $978.45 $1,131.45 $40,000 $469.45 $622.45 $775.45 $928.45 $1,081.45 $42,000 $369.45 $522.45 $675.45 $828.45 $981.45 $44,000 $269.45 $422.45 $575.45 $728.45 $881.45 $46,000 $169.45 $322.45 $475.45 $628.45 $781.45 26 Canada workers benefit (formerly the Working income tax benefit 27 Canada workers benefit (CWB) • If you work but have a modest income, you may be able to claim the CWB when you do your taxes. • To see if you are eligible and to calculate how much you could claim on your return, fill out Schedule 6. • Your family could claim up to $2,335. • You can apply to receive 50% of your CWB in advance payments. • If you are also eligible for the disability tax credit, you may get a disability supplement. 28 Climate action incentive payments 29 Climate action incentive payments • Up to $486 for a family of four living in Manitoba o plus a 10 % supplement for residents of small and rural communities • Calculate your payment on Schedule 14 • Payment will form part of your tax refund, or will reduce any balance you owe for the year 30 How are the payments calculated? Climate action incentive payments in Manitoba will be calculated as follows for 2019: • $243 for a single adult or the first adult in a couple • $121 for the second adult in a couple. Single parents will receive this amount for their first child. • $61 for each child in the family (starting with the second child for single parents. 31 A few things to remember 32 Avoid payment interruptions • Do your taxes every year, even if you have no income to report. If you have a spouse or common-law partner, they also have to do their taxes every year. • Keep your personal information up to date with the CRA.
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