1. What is the BC Child Tax Credit?

The BC Child Tax Credit provides monthly tax-free payments to families with children under 18 to help with the cost of raising children. The amount depends on family income and number of children.

2. How Does the Calculator Work?

The calculator uses the BC Family Benefit formula:

Where:

• \( Base Amount \) — $133.33 per child per month
• \( Number of Children \) — Children under 18
• \( Income Factor \) — Reduction based on family net income
• Additional $133.33 per child with disability

Explanation: The benefit is reduced by 4% for every $1,000 of family net income above $25,000, completely phasing out at $75,000.

3. Importance of Child Tax Benefits

Details: These benefits help low- and middle-income families with the costs of raising children, reducing child poverty and supporting child development.

4. Using the Calculator

Tips: Enter your family net income (after tax), number of children under 18, and indicate if any child has a disability. The calculator will estimate your monthly benefit.

5. Frequently Asked Questions (FAQ)

Q1: Who is eligible for the BC Child Tax Credit?
A: Families with children under 18 who are residents of BC and file tax returns.

Q2: How often are payments made?
A: Payments are made monthly, usually on the 20th of each month.

Q3: Is this separate from the Canada Child Benefit?
A: Yes, this is a provincial benefit in addition to the federal Canada Child Benefit.

Q4: Do I need to apply separately?
A: No, benefits are automatically calculated based on your tax return.

Q5: What counts as family net income?
A: Combined net income of both parents from line 23600 of your tax return.