Child Tax Benefit Worksheet

Published by on

Estimate your child tax benefit with the following worksheet.

Step 1                                                                

Months

2017 Basic Benefit

 Total Basic Benefit

Number of children and months children are under 6

 

X $6,400.00/12

 

Number of children and months children are 6-17

 

X $5,400.00/12

 

Total Basic Benefit (Step 1)

 

 

 

 

Step 2 Benefit reduction                                            

Adjusted Family Net Income (AFNI)

   Reduction
 

 

First reduction for the portion of income between $30,000 and $65,000.00.

 

Family with one child (maximum $35,000)

 

7.00%

 

Family with two children (maximum $35,000)

  

13.50%

  

Family with three children (maximum $35,000)

 

19.00%

 

Family with four (or more) children (maximum $35,000)

  

23.00%

 

Second reduction for the portion of income over $65,000

 

Family with one child (AFNI - $65,000.00)

 

3.20%

 

Family with two children (AFNI - $65,000.00)

   

5.70%

 

Family with three children (AFNI - $65,000.00)

 

8.00%

 

Family with four (or more) children (AFNI - $65,000.00)

  

9.50%

 

Total reduction Amount (Step 2)

 

 

 

 

Step 3 Net Basic Benefit

Net Benefit 

 
 

Step 1

   

Step 2

   

Total Net Basic Benefit

   

Total Net Basic Monthly Benefit

   

 

Estimate the Ontario Child Benefit

 

Step 1 Ontario Child Benefit

Months

2017 Basic Benefit

 Total Basic Benefit

Number of children and months under 18

 

X $1,397.00/12

 

 

Step 2 Benefit reduction                                          

Adjusted Family Net Income (AFNI)

Reduction

 

Subtract 2017 base amount

 $ 21,037.00

AFNI over base amount

 

Reduction rate

8%

Total reduction amount

 

 

Step 3 Net Basic Benefit

Net Benefit

 
 

Step 1

   

Step 2

   

Total Net Basic Benefit

   

Total Net Basic Monthly Benefit

   

 

All amounts are based on information available to us at the time of preparing this chart. While great care has been taken in the preparation of this document, we make no claim as to the accuracy of the information and do not guarantee any amounts.