In this article, you will learn about the $117/Month Alberta Child and Family Benefit (ACFB) Payment, what it is, and what steps to take if you haven’t received your payment. The ACFB is a tax-free financial aid program designed to support families in Alberta, Canada. It specifically targets lower and moderate-income families, helping them meet their financial needs, especially those with children under the age of 18. Administered by the Canada Revenue Agency (CRA), this benefit plays a crucial role in improving the quality of life for many Alberta families. If you want to know more about the $117/Month ACFB Payment and how to ensure you receive it, keep reading.
$117/Month ACFB Payment
In Alberta, the federal government provides financial assistance to lower-income families through the Alberta Child and Family Benefit (ACFB) program. This program was established to deliver monthly allowances to eligible families, helping them manage their expenses and support their children’s well-being. As of July 2023, the CRA has set the monthly ACFB payment at 117.50 CAD per household. This payment is part of a broader initiative to assist families with the cost of raising children.
The ACFB payment is available to families with children under the age of 18. To be eligible for this tax-free payment, families must file their income tax returns with the CRA. The amount of the payment depends on the family’s annual income and the number of children they have. The ACFB payment also considers the family’s working income, making it a vital source of support for those who may not have a stable or high-paying job.
What is ACFB?
The Alberta Child and Family Benefit (ACFB) is a federal program introduced in 2020. It was designed to provide financial support to lower and middle-income families in Alberta who have children under the age of 18. The main goal of the ACFB is to improve the quality of life for both families and their children, ensuring that they have the resources they need to thrive.
To qualify for the ACFB, families must meet several eligibility criteria. First, they must have one or more children under 18 years old and be residents of Alberta. Additionally, they must file their tax returns with the CRA, as the ACFB payments are calculated based on the information provided in these returns. The program aims to help families cover basic expenses, support their children’s development, and provide a stable environment where children can reach their full potential.
Did You Receive ACFB Last Month?
The ACFB payments are issued in August, November, February, and May, following the submission of tax returns to the CRA. These payments can be received either through direct deposit into the recipient’s bank account or by mail. The amount each family receives depends on the number of children and is broken down into two components: the base component and the working component.
Here’s a breakdown of the ACFB payment structure:
| Number of Children | Base Component | Working Component |
|---|---|---|
| 1 | 1,410 CAD | 722 CAD |
| 2 | 2,115 CAD | 1,379 CAD |
| 3 | 2,820 CAD | 1,772 CAD |
| 4 | 3,525 CAD | 1,902 CAD |
Families who qualify for the ACFB will continue to receive these payments until the end of the fiscal year, after which the rates may be adjusted to account for inflation and changes in tax returns. The current payment rate includes a $117.50 monthly benefit, which provides ongoing support for eligible families.
Here’s What to Do If You Do Not Receive Your ACFB Payment
If you were expecting your ACFB payment but did not receive it, the first step is to wait for up to 10 business days. Sometimes, payments can be delayed, especially if they are sent by mail. If you still have not received your payment after this period, you should contact the CRA to resolve the issue.
You can reach the CRA by calling their helpline at 1-800-959-2809 or 1-877-644-9992. It’s important to act promptly to ensure that any issues with your payment are addressed as quickly as possible. The CRA last issued an ACFB payment on November 27, 2023. If you were supposed to receive a payment around this time and did not, contacting the CRA is the best course of action.
The ACFB is an essential program for lower and moderate-income families in Alberta. If you believe you qualify for this benefit but have not received your payment, make sure you meet all the eligibility criteria. This includes filing your income tax return on time, as the CRA uses this information to calculate your ACFB payment. Once you’ve confirmed your eligibility, reach out to the CRA to address any payment issues and ensure you receive the financial support you’re entitled to.