Alberta Budget 2019: The New Alberta Child and Family Benefit

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As we mentioned in previous blogs, Alberta’s Budget 2019 introduced the new Alberta Child and Family Benefit to replace both the Alberta Family Employment tax credit and the Alberta child benefit for the purpose of providing more benefits to lower income families and reducing administrative costs.

Here are a few more details you should now about this new program:

• The new Alberta Child and Family Benefit starting in July 2020 will provide eligible families as much as $4,995 annually.
• Under the new program, a family with 2 children can receive up to $593 more per year while families with 4 children can receive up to $889 more per year.
• The new program includes both a base component and a working component with combined benefits increasing to a maximum of $5,120.
• The maximum base component ranges from $1,330 to $3,325 depending on the number of children. This base component will begin to phase out once family net income exceeds $24,467 and will be fully phased out when the family net income exceeds about $41,000.
• Families will be eligible for the working component once their family employment income exceeds $2,760. The maximum working component will range from $681 to $1,795 depending on the number of children. This component will begin to phase out once family net income exceeds $41,000 and will be fully phased out once family net income reaches $61,000.
• This benefit will be paid quarterly (August, November, February and May)
• The benefit is non-taxable and will not affect eligibility for other benefit programs.

Source: https://www.alberta.ca/budget-highlights.aspx
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