Am I required to pay tax on the Canada Child Tax Benefit received?
Allan Madan, CA
The Canada Child Tax benefit, which is provided in order to support those eligible with expenses of rearing children below the age of eighteen, is non-taxable. This means no tax is required to be paid on receipt of this benefit.
Disclaimer
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CA.CPA.CGA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
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