$117/Month ACFB Payment – Missed Last Month’s ACFB? Here’s What to Do

By Joe Bidden

Published on:

Justin Trudeau

The Alberta Child and Family Benefits (ACFB) program is a crucial source of financial support for low and moderate-income families in Alberta. Administered by the Canada Revenue Agency (CRA), this program provides monthly tax-free payments to eligible families, helping them manage the costs of raising children under 18.

This article provides an in-depth look at the $117/month ACFB payment, eligibility requirements, and what to do if you haven’t received your payment.

Advertisement

Monthly Payment

The ACFB program offers financial aid to Alberta families with children under 18. As of July 2023, the CRA set the monthly benefit at CAD 117.50 per household. This tax-free payment helps alleviate financial pressure on low-income families, allowing them to better support their children.

Eligibility

To qualify for ACFB payments, families must:

Advertisement
  1. File Tax Returns: Ensure their income tax return is filed with the CRA.
  2. Income Limits: Have an annual income within the specified limits.
  3. Residency: Be residents of Alberta.
  4. Children: Have one or more children under the age of 18.

The payment amount is determined by the family’s annual income and the number of children in the household. Additionally, the benefit includes a working component that considers whether the family receives employment income.

Program Overview

The ACFB program, established in 2020, aims to improve the quality of life for children and families in Alberta. It provides financial support to lower and middle-income households, ensuring children have the resources they need for their well-being and development.

Advertisement

Payment Schedule

ACFB payments are disbursed quarterly in August, November, February, and May. Beneficiaries can choose to receive payments via direct deposit or mail. The payment structure is divided into base and working components, which vary depending on the number of children:

Number of ChildrenBase Component (CAD)Working Component (CAD)
11,410722
22,1151,379
32,8201,772
43,5251,902

These components ensure that families receive adequate support throughout the fiscal year, with adjustments made annually to account for inflation and tax return updates.

Advertisement

Missed Payment

If you did not receive your ACFB payment, here’s what you should do:

  1. Wait Period: Allow for a 10-working-day wait period after the expected payment date.
  2. Contact CRA: If the payment is still not received, contact the CRA at 1-800-959-2809 or 1-877-644-9992.
  3. Check Mail: Payments via mail may take longer to arrive; ensure your mailing address is up to date with the CRA.

The last ACFB payment was issued on November 27, 2023. If you did not receive it, ensure you meet the eligibility criteria and have filed your tax return. Contacting the CRA promptly can help resolve any issues.

Advertisement

The ACFB program is a vital lifeline for many Alberta families, providing consistent financial support to help manage the costs of raising children. By knowing the eligibility criteria, payment structure, and steps to take if a payment is missed, families can ensure they receive the benefits they are entitled to. This support not only aids in daily living but also contributes to the overall well-being and development of children in Alberta.

FAQs

What is the ACFB payment amount?

The ACFB payment is CAD 117.50 per month per household.

Advertisement

Who is eligible for ACFB?

Families with children under 18, residing in Alberta, and within specified income limits.

When are ACFB payments made?

Payments are made quarterly in August, November, February, and May.

Advertisement

How to receive ACFB payments?

Payments can be received via direct deposit or mail after filing a tax return.

What to do if ACFB payment is missed?

Wait 10 working days and contact CRA if not received.

Advertisement

Joe Bidden

A Certified Public Accountant specializing in personal finance and taxation. Joe's engaging writing style and deep understanding of tax codes make her articles a must-read for individuals seeking to maximize their tax savings.

Recommend For You

Leave a Comment