![]() ![]() Thankfully, the Canadian government has provided a Nova Scotia Child Benefit calculator (among other child and family benefits) where you can enter your details, your family’s net income, and your children’s information. ![]() The benefit reduction (C) has no value when the adjusted family net income is below $26,000, or between $26,000 and $34,000, with just one qualifying dependant.Īnd if the family’s adjustable net income is between $26,000 and $34,000 and has more than one eligible dependant, C = 1/12 × 50% (A × B – A). Incomeįor a compact explanation of how to compute these monthly amounts, you can use the formula shown below, obtained from the Amendment to the Nova Scotia Child Benefit Regulations made under Section 80 of the Income Tax Act.Ĭ = benefit reduction applicable to the eligible individual The chart below illustrates the amount you will get depending on the number of kids you have and your household adjustable income, excluding the CCB payments. Families with adjusted net income between $26,000 and $34,000 now receive $1,275 per year for the first child and half the amount for succeeding children. Last July 2022, the Nova Scotia government increased the 2022-2023 budget for the NSCB by $12.5 million to help eligible families more with the cost of raising children of ages 18 and below.įamilies with adjusted net income below $26,000 now receive $1,275 per year for each kid. The monthly amount of the Nova Scotia Child Benefit you receive is based on the number of eligible children in your family and the tax returns you and your spouse or common-law partner filed. How Much Can You Receive From the Nova Scotia Child Benefit? To get the complete eligibility requirements, visit the official Nova Scotia Child Benefit Regulations.
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