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- taxable monthly payment, expanded and increased retroactive to Jan 1,
2015, proposed to end June 30, 2016.
Canada Child Tax Benefit (CCTB)
The CCTB is a tax-free monthly payment made to eligible families to help them with the cost of raising children under age
18, proposed to end June 30, 2016. See Canada child tax benefit
on the Canada Revenue Agency (CRA) website.
It appears that there was some confusion over the
elimination of the Child Tax
Credit for 2015, with some people thinking that the Canada Child Tax
Benefit was being eliminated. This was not the case. The Child Tax Credit
was a non-refundable
tax credit claimed on the tax return, and its elimination was proposed by the
October 2014 Federal Tax Update in conjunction with the increase in the UCCB.