Author Topic: Line 150 - Child Tax Benefit?  (Read 752 times)

joonifloofeefloo

  • Walrus Stache
  • *******
  • Posts: 5774
Line 150 - Child Tax Benefit?
« on: November 22, 2017, 02:47:36 PM »
Is Child Tax Benefit (cash received) to be reflected in Line 150 of our personal tax return, or not?

Novik

  • Pencil Stache
  • ****
  • Posts: 757
  • Age: 24
  • Location: Ottawa, ON, Canada
Re: Line 150 - Child Tax Benefit?
« Reply #1 on: November 22, 2017, 02:55:10 PM »
Assuming line 150 is for income, then no. The CCTB is tax-free.

Quote
This monthly, tax-free payment is called the Canada child benefit (CCTB).
http://www.cic.gc.ca/english/newcomers/after-money-child.asp


joonifloofeefloo

  • Walrus Stache
  • *******
  • Posts: 5774
Re: Line 150 - Child Tax Benefit?
« Reply #2 on: November 22, 2017, 03:01:19 PM »
Thanks very much, Novik :)

I googled and googled, and studied my previous return, and couldn't figure this out.

A place wanted to see Line 150 of my return, and I was concerned when I didn't see the CTB reflected on it.
I wonder why the place only wants to see my taxable income vs overall income. But okay.
« Last Edit: November 22, 2017, 03:07:03 PM by jooniFLORisploo »