What is the Ontario Child Benefit?
The Ontario Child Benefit (OCB) is a financial support program provided by the government of Ontario, Canada, designed to help low-to-moderate-income families provide for their children under 18 years of age. The OCB provides direct financial assistance each month, aiming to support families in raising healthy, thriving children regardless of whether the parents are working or not.
How much is the Ontario Child Benefit?
The amount of the Ontario Child Benefit that a family receives varies depending on the family’s income and the number of children in the household. The benefit is designed to decrease as family income increases, ensuring that support is targeted towards those who need it most.
Who is eligible for the Ontario Child Benefit?
To qualify for the OCB, families must be residents of Ontario, and they need to file their annual income tax returns, as the amount of the benefit is determined based on the family’s net income. Additionally, they must be registered for the Canada Child Benefit, as the OCB is paid out along with this federal benefit.