Child Tax Benefit Worksheet
Estimate your child tax benefit with the following worksheet
| Step 1 | Months | 2018 Basic Benefit | Total Basic Benefit |
| Number of children and months children are under 6 | X $6,496.00/12 | ||
| Number of children and months children are 6-17 | X $5,481.00/12 | ||
| Total Basic Benefit (Step 1) |
| Step 2 Benefit reduction | |||
| Adjusted Family Net Income (AFNI) | Reduction | ||
| | |||
| First reduction for the portion of income between $30,450 and $65,975.00. | | ||
| Family with one child (maximum $35,525) | 7.00% | | |
| Family with two children (maximum $35,525) | | 13.50% | |
| Family with three children (maximum $35,525) | 19.00% | | |
| Family with four (or more) children (maximum $35,525) | | 23.00% | |
| Second reduction for the portion of income over $65,975 | | ||
| Family with one child (AFNI - $65,975) | 3.20% | | |
| Family with two children (AFNI - $65,975) | | 5.70% | |
| Family with three children (AFNI - $65,975) | | 8.00% | |
| Family with four (or more) children (AFNI - $65,975) | | 9.50% | |
| Total reduction Amount (Step 2) | | | |
| Step 3 Net Basic Benefit | Net Benefit | |
| Step 1 | ||
| Step 2 | ||
| Total Net Basic Benefit | ||
| Total Net Basic Monthly Benefit |
Estimate the Ontario Child Benefit
| Step 1 Ontario Child Benefit | Months | 2018 Basic Benefit | Total Basic Benefit |
| Number of children and months under 18 | X $1,403.00/12 |
| Step 2 Benefit reduction | |
| Adjusted Family Net Income (AFNI) | Reduction |
| Subtract 2018 base amount | $ 21,416.00 |
| AFNI over base amount | |
| Reduction rate | 8% |
| Total reduction amount | |
| Step 3 Net Basic Benefit | Net Benefit | |
| Step 1 | ||
| Step 2 | ||
| Total Net Basic Benefit | ||
| Total Net Basic Monthly Benefit |
All amounts are based on information available to us at the time of preparing this chart. While great care has been taken in the preparation of this document, we make no claim as to the accuracy of the information and do not guarantee any amounts.
Click here to calculate your own Child Tax Benefit or use the blank worksheets above. The Economic Statement provided proposed increase in the benefit to keep pace with inflation and raising cost of living. You can find the new projected figures here.