Did you know that you can use your child tax benefit (also known as the Canada Child Benefit or CCB or CCTB) as a secondary source of income to qualify for a personal instalment loan? Here's a quick breakdown of how to get a fast online cash advance using child tax credit as an additional income source — without resorting to payday loans' excessive interest rates. Do you know you can obtain a loan against the child tax benefit you receive each month in Canada? Yes, you can easily apply for a payday loan child tax benefit online at Payday Buzz Using our website let you access a number of payday loan options as per your convenience.
What exactly is Canada Child Benefit? (CCB)
What comes first? The Canada Child Benefit is a monthly payment that is tax-free for eligible families with children under the age of 18. The amount of the payment depends on a number of variables, such as whether joint custody of the child exists, the family's total income, and any applicable territorial or provincial benefits, which may be given separately from the Child Tax Benefit.
Who is a Child Tax Credit Eligible Candidate?
To be eligible for the Canada Child Benefit, you must meet certain criteria. You must live with a child under the age of 18 and be primarily responsible for the child's care and upbringing. For tax purposes, you must also be a Canadian resident, though you do not have to be a citizen. It is sufficient to be a permanent resident, a protected person, an Indigenous person, or a temporary resident who has lived in Canada for the previous 18 months and has had a valid permit for the previous 19 months. The most important thing is that you are the primary caregiver for the child, who is under the age of eighteen.
What to Do When Applying for the Canada Child Benefit?
It is simple to apply for the Canada Child Benefit. It is possible to do so through the CRA's "My Account" portal. Easily log into your account, select "Apply for child benefits," confirm all required info, and submit your application to get started. However, it is best if you are cautious about when you apply. Apply for the payday loan child tax benefit can't get any easier than this-or faster. All you need to provide us with your little bit of personal background details. Then, select the loan amount you require and pick a well-suited repayment plan. Then, you're good to receive money in your bank account in less than 24 hours.
Know Right Away
Our payday loans have a streamlined process, meaning you'll be informed right away whether you have qualified for the loan for not. All it requires is to submit an online application that will hardly take less than five minutes.You may be feeling stressed by life's demands, but that doesn't have to impact your financial situation. You deserve to have peace of mind and to know that you will always have enough money for what is most important in life: your family! Our smart loans can relieve you of the stress of unexpected expenses that inevitably arise when you have a child.
Receive Money Instantly 24/7
We know that you can't wait for days to get the money to fix your short-term financial trouble, that's why we promise that funds will be transferred to your bank account within our working day.A specific formula is used to calculate the payments. First, the amount of children in your care as well as their ages are taken into account. Your family's adjusted net income and family status are also taken into account. Please take note that your real net income may differ from your family's adjusted net income. Several benefits that are deducted from your net income, such as the universal child care benefit, are taken into account in the adjusted income (UCCB). Benefits begin to be reduced after your family's average net income reaches $32,028.
Eligibility for the Child Tax Benefit Loan
To qualify for this loan type, you need to fulfill the below criteria:-
- Must be least 19 years of age
- Must be a citizen of Canada, and has to be a resident of the province where the payday is operative.
- Must be at least 3 Months employed with his/her current employer.
- No credit score eligibility criteria.
- Must have a bank account operative minimum for three months.
- Must have a valid email address, phone number, and address.
- No Intention of filing bankruptcy.
Our loans are short-term and come with an affordable interest rate to go with the convenience of submitting the loan application from the comfort of your home or office. Need help? Call us today at or inbox your query at, our panel of client support representatives are there to help you out with everything on how to obtain the payday loan child tax benefit.
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