Child Tax Benefit Calculator 2015 Ontario
The Child Tax Benefit (CTB) was a program in Ontario that provided financial assistance to families with children. This calculator helps you determine your eligibility and the amount you could receive in 2015.
How the 2015 Ontario Child Tax Benefit Works
The Ontario Child Tax Benefit was a provincial program designed to provide financial assistance to families with children. In 2015, the program offered:
- Basic benefit for each child under 18 years old
- Additional amounts for children with disabilities
- Reduced benefits for families with higher incomes
The program was part of the federal Canada Child Tax Benefit (CCTB) but included additional provincial components. The exact amounts varied based on family size, income, and other factors.
Note: The Ontario Child Tax Benefit was replaced by the Ontario Child Benefit in 2016. This calculator uses the 2015 rates and formulas.
Calculation Method
The 2015 Ontario Child Tax Benefit was calculated using the following formula:
Where:
- Basic Amount = $6,120 per child under 18
- Additional Amount = $3,060 per disabled child
- Income Reduction = 15% of family income above $40,000
The final amount is then reduced by 15% for each $1,000 of family income above $40,000.
Worked Examples
Example 1: A family with two children (neither disabled) and a family income of $50,000
Example 2: A family with one child (disabled) and a family income of $30,000
| Family Income | 2 Children (No Disabilities) | 1 Child (Disabled) |
|---|---|---|
| $30,000 | $12,240 | $9,180 |
| $40,000 | $12,240 | $9,180 |
| $50,000 | $12,015 | $8,955 |
| $60,000 | $11,580 | $8,520 |
Frequently Asked Questions
- What was the maximum Child Tax Benefit amount in 2015?
- The maximum benefit was $12,240 for a family with two children under 18 and a family income of $40,000 or less.
- Did the Ontario Child Tax Benefit include the federal CCTB?
- Yes, the Ontario Child Tax Benefit was part of the federal Canada Child Tax Benefit but included additional provincial components.
- Were there any special benefits for low-income families?
- Yes, families with incomes below $30,000 received the full benefit without any reductions.
- How was the benefit calculated for families with multiple children?
- The basic amount was multiplied by the number of eligible children, with additional amounts for disabled children.
- Was the Ontario Child Tax Benefit means-tested?
- Yes, the benefit was reduced by 15% for each $1,000 of family income above $40,000.