British Columbia Family Bonus (BCFB)

What’s in this article?

 

What is this?

The British Columbia Family Bonus is a non-taxable monthly payment issued to British Columbia families with children under the age of 18, who earn low to moderate incomes.  

The B.C. Government says….

If you’re a new applicant, you need to apply for the CCTB. You don’t need to apply separately for the B.C. family bonus – the CRA will use the information from your CCTB application to determine your eligibility. If you’re eligible, the amount of any payments will be calculated automatically based on information from the tax returns you (and your spouse or common-law partner) file.

 

Am I eligible?

This tax credit will automatically be paid to you if you meet all of the following eligibility criteria:

  • You file a tax return every year
  • You have children under 18 years of age
  • You are already receiving the Canada Child Tax Benefit
  • Your combined family income is in the low to moderate range

The B.C. Family Bonus is fully funded by the Province of British Columbia. If you are eligible for the credit, payments will be automatically included on your Canada Child Tax Benefit amounts.

 

Where can I learn more?