KN Taxation

Canada child benefit (CCB): is a tax-free monthly payment made to eligible families to help with the cost of raising children under 18 years of age. The CCB may include the child disability benefit and any related provincial and territorial programs. Child Tax Credits: Families can deduct up to $2,000 from their federal income taxes for each qualifying child under 17. These are credits, so if your tax bill is $10,000 and you qualify for the maximum credit, your bill goes down... to $8,000. . And more..! . Don't forget Adoptions get Credit too! . #tax #taxes #taxpreparer #taxidriver #taxseason #taxseason2020 #taxservices #taxtips #taxconsultant #taxsavings See more