Newfoundland and Labrador Child Benefit
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The Newfoundland and
Labrador Child Benefit is a tax free monthly benefit to families with
dependent children under the age of 18 years.
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The maximum annual amount
will be indexed annually utilizing the Consumer Price Index, effective
July 1, 2007. The maximum annual amounts available to those with a
family net income of $17,397 or less will be:
| |
Effective July 1, 2007 |
Effective July 1, 2008 |
|
Amount |
Phase Out Rate |
Amount |
Phase Out Rate |
| 1st Child |
$322 |
6.44% |
$326 |
6.44% |
| 2nd Child |
$342 |
6.84% |
$345 |
6.84% |
| 3rd Child |
$367 |
7.34% |
$371 |
7.34% |
| Each Additional Child |
$394 |
7.88% |
$398 |
7.88% |
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The benefit year is from July to June and the amount of the benefit starting in July of a year is based on the claimant’s net family income from the previous year.
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Benefits will be reduced by the applicable phase out rate (listed above) depending on the number of children for families with net income over $17,397.
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Partial benefits will be available to families with income levels between $17,397 and $22,397.
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The NLCB is administered on behalf of the provincial government by the Canada Revenue Agency and is paid monthly along with the federal Canada Child Tax Benefit.
 Newfoundland
and Labrador Child Benefit Regulations
For more information about the
Newfoundland and Labrador Child Benefit, please contact:
Department of Finance
Taxation and Fiscal Policy Branch
P.O. Box 8700
St. John’s, NL
A1B 4J6
Telephone: (709) 729-3166
Fax: (709) 729-2070
E Mail: TaxPolicy@gov.nl.ca
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