The ACFB was launched in July 2020, consolidating the Alberta Youngster Profit and the Alberta Household Employment Tax Credit score right into a single program. The ACFB goals to offer households with a greater high quality of life for his or her kids and assist their well-being. (See related packages in different provinces and territories.)
The ACFB is listed to inflation, so the quantities enhance yearly. The ACFB profit interval runs from July of 1 12 months to June of the next 12 months.
What are the Alberta youngster profit fee dates for 2025?
The CRA points ACFB funds on a quarterly foundation, by direct deposit or cheque. The fee dates this 12 months are:
February 27, 2025- Could 27, 2025
- August 27, 2025
- November 27, 2025
Who’s eligible to obtain the ACFB?
To qualify for the ACFB, you should:
- be a mother or father of a number of kids below 18
- be a resident of Alberta
- file a tax return
- meet the revenue standards
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How do I apply for the ACFB?
You do not want to use for the ACFB. In keeping with the Alberta authorities, “You’re robotically thought-about for the ACFB if you file your annual tax return and qualify for the federal authorities’s Canada Youngster Profit.” (Be taught extra concerning the Canada Youngster Profit (CCB), together with eligibility necessities and fee dates.)
The CRA will usually reassess your loved ones’s eligibility for the ACFB (for instance, if in case you have one other youngster, your profit quantity might enhance). In case you and your loved ones have simply moved to Alberta, you’ll be eligible for the ACFB the month after you change into a resident.
How a lot is the Alberta youngster profit?
Your adjusted household internet revenue (out of your earlier 12 months’s tax return) and the variety of children in your loved ones decide your whole profit quantity per 12 months. The ACFB features a base part and a working part.
Base part of the ACFB
The ACFB’s base part is obtainable to lower-income households with kids. You should not have to earn any revenue to obtain the bottom part. Relying on the variety of kids in your loved ones, you could be entitled to the next quantities as your base part for the interval from July 2024 to June 2025: