You are automatically considered for the Nova Scotia Child Tax Benefit program when you qualify for the Canada Child Benefit. How To Apply For the Nova Scotia Child Tax Benefit Note: Payments will cease once you stop filing tax returns or meeting eligibility requirements. If you use the CRA’s deposit service to receive your CCB payments, your NSCB will be deposited into that account. You can also visit your individual MyBenefits CRA to view the details of your next benefit and credit payment details, including the amount. Here are the NSCB payment dates for this year, 2023: The fiscal year for the Nova Scotia Child Benefit begins in July and ends in June it is calculated using one’s adjusted net income from the preceding taxation year.Īccording to the Government of Canada’s official website, if you apply online, you should get your first payment within eight weeks, and if you apply by mail, it should come within eleven.Īs the Canada Child Benefit and the Nova Scotia Child Benefit are distributed each month jointly, the payment dates for NSCB follow that of CCB. Child Tax Benefit Nova Scotia Payment Dates Note: If you share custody of a dependant who qualifies, you will only receive half of what you would receive if they lived with you full-time. The system will automatically calculate your tax credits and child benefits. Thankfully, the Canadian government has provided a Nova Scotia Child Benefit calculator (among other child and family benefits) where you can enter your details, your family’s net income, and your children’s information. The benefit reduction (C) has no value when the adjusted family net income is below $26,000, or between $26,000 and $34,000, with just one qualifying dependant.Īnd if the family’s adjustable net income is between $26,000 and $34,000 and has more than one eligible dependant, C = 1/12 × 50% (A × B – A). Incomeįor a compact explanation of how to compute these monthly amounts, you can use the formula shown below, obtained from the Amendment to the Nova Scotia Child Benefit Regulations made under Section 80 of the Income Tax Act.Ĭ = benefit reduction applicable to the eligible individual The chart below illustrates the amount you will get depending on the number of kids you have and your household adjustable income, excluding the CCB payments. Families with adjusted net income between $26,000 and $34,000 now receive $1,275 per year for the first child and half the amount for succeeding children. Last July 2022, the Nova Scotia government increased the 2022-2023 budget for the NSCB by $12.5 million to help eligible families more with the cost of raising children of ages 18 and below.įamilies with adjusted net income below $26,000 now receive $1,275 per year for each kid. The monthly amount of the Nova Scotia Child Benefit you receive is based on the number of eligible children in your family and the tax returns you and your spouse or common-law partner filed. How Much Can You Receive From the Nova Scotia Child Benefit? To get the complete eligibility requirements, visit the official Nova Scotia Child Benefit Regulations. Not a person for whom a special allowance under the Children’s Special Allowances Act is payable for the month.Filed an income tax return for a base taxation year.Be a Nova Scotia resident or have a common-law partner or spouse who is a Canadian taxpayer throughout the year.Be a parent and resides with an eligible dependant(s) who are under the age of 18.In detail, to be eligible for the Nova Scotia Child Benefit, your adjusted family net income must be at most $34,000 and meet the following major requirements. It implies that you must first apply for the CCB before you may get this benefit. The Canadian Revenue Agency will consider your eligibility for the NSCB using the information from your Canada Child Benefit (CCB) application. In the forthcoming fiscal year, 2023–2024, the local government is considering increasing funding for the province’s child tax credit program by $8 million for families that qualify, according to Nova Scotia News. While there has been some progress, more still needs to be done, including a more modest amount in the NSCB, if child poverty is to be minimized in Nova Scotia. With the implementation of the Canada Child Benefit and the Nova Scotia Child Benefit, the province’s significant rate of low-income families has decreased. Together with the federally funded Canada Child Benefit (CCB), this benefit is paid out monthly by mail or direct deposit. While the Canadian Revenue Agency (CRA) oversees the program’s execution, the financing comes from the Department of Community Services of Nova Scotia. The Nova Scotia Child Benefit (NSCB) is a tax-free monthly payment granted to eligible families with dependent children in Nova Scotia to assist in covering the expenses of raising children under 18. FAQs What is the Nova Scotia Child Benefit (NSCB)?
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