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  2. Canada Child Benefit - Wikipedia

    The federal finance minister, Don Mazankowski, announced in the 1992 Canadian federal budget the introduction in January 1993 of a renewed and enriched Child Tax Benefit (CTB) that consolidates the family allowance, the child credit and refundable child tax credit into a unified benefit of $1,020 per child (with a supplementary benefit of $75 for the third child and following children). Unlike ...

  3. Child tax credit - Wikipedia

    A child tax credit ( CTC) is a tax credit for parents with dependent children given by various countries. The credit is often linked to the number of dependent children a taxpayer has and sometimes the taxpayer's income level. For example, with the Child Tax Credit in the United States, only families making less than $400,000 per year may claim ...

  4. Child tax credit (United States) - Wikipedia

    The United States federal child tax credit (CTC) is a partially-refundable [a] tax credit for parents with dependent children. It provides $2,000 in tax relief per qualifying child, with up to $1,400 of that refundable (subject to a refundability threshold, phase-in and phase-out [b] ).

  5. Understanding the current Child Tax Credit for 2023 and what ...

    Tax Talk addresses the current provisions and proposed changes of the Child Tax Credit. They also address why our income tax laws are so complex.

  6. How to claim child tax credit in your tax return - AOL

    Eligible families who didn’t receive any advance child tax credit payments during 2021 can still claim the full amount of the child tax credit on their federal tax return.

  7. Income tax in Canada - Wikipedia

    The federal government collects personal income taxes on behalf of all provinces and territories. It also collects corporate income taxes on behalf of all provinces and territories except Alberta. Canada's federal income tax system is administered by the Canada Revenue Agency (CRA).

  8. New, expanded child tax credits are back - AOL

    In effect, those moves converted the tax credit into a universal child allowance similar to benefits in Canada and many European countries.

  9. Earned income tax credit - Wikipedia

    The United States federal earned income tax credit or earned income credit ( EITC or EIC) is a refundable tax credit for low- to moderate-income working individuals and couples, particularly those with children. The amount of EITC benefit depends on a recipient's income and number of children. Low-income adults with no children are eligible. [1] For a person or couple to claim one or more ...