Child Tax Benefit Calculator Ontario 2018

Use this calculator to determine your Ontario Child Tax Benefit for the 2018 tax year. The Ontario Child Tax Benefit (CTB) is a provincial program that provides financial assistance to families with children under 18 years old. This calculator helps you estimate your eligibility and the amount you may receive.

How the Ontario Child Tax Benefit Works

The Ontario Child Tax Benefit is a provincial program that provides financial support to families with children. The benefit is designed to help offset the costs of raising children and is calculated based on the number of eligible children in your family.

Eligibility Requirements

To qualify for the Ontario Child Tax Benefit, you must meet certain criteria:

You must be a resident of Ontario.
You must have at least one child who is a resident of Ontario and under 18 years old.
Your family income must be below a certain threshold.

Benefit Amounts

The amount of the Ontario Child Tax Benefit varies depending on your family's income and the number of eligible children. The benefit is calculated on a sliding scale, with higher benefits for lower-income families.

Note: The Ontario Child Tax Benefit is separate from the federal Child Tax Benefit (CTB). Both benefits may apply to eligible families, but they are calculated differently.

How to Use This Calculator

Using this calculator is simple. Follow these steps:

Enter the number of eligible children in your family.
Enter your total family income for the 2018 tax year.
Click the "Calculate" button to see your estimated Ontario Child Tax Benefit.

The calculator will display your estimated benefit amount and provide a breakdown of how the calculation was made.

Formula and Assumptions

The Ontario Child Tax Benefit is calculated using the following formula:

Ontario Child Tax Benefit = Base Amount × Number of Eligible Children × Income Factor

Where:

Base Amount: $2,100 per eligible child (2018 rate)
Number of Eligible Children: The number of children under 18 in your family
Income Factor: A factor that reduces the benefit based on your family income

The income factor is determined based on your family's income relative to the provincial income thresholds. The 2018 income thresholds for the Ontario Child Tax Benefit were:

$42,960 for a single parent with one child
$51,480 for a single parent with two children
$55,640 for a single parent with three or more children
$85,920 for a couple with one child
$94,440 for a couple with two children
$98,600 for a couple with three or more children

Important: This calculator provides an estimate of your Ontario Child Tax Benefit. The actual amount you receive may vary based on your specific circumstances and the official government calculations.

Worked Examples

Let's look at two examples to see how the Ontario Child Tax Benefit is calculated.

Example 1: Single Parent with One Child

Family details:

Number of eligible children: 1
Family income: $35,000

Calculation:

Base amount: $2,100 × 1 = $2,100
Income factor: Since $35,000 is below the $42,960 threshold, the income factor is 1.0
Ontario Child Tax Benefit: $2,100 × 1.0 = $2,100

Example 2: Couple with Two Children

Family details:

Number of eligible children: 2
Family income: $70,000

Calculation:

Base amount: $2,100 × 2 = $4,200
Income factor: Since $70,000 is below the $94,440 threshold, the income factor is 1.0
Ontario Child Tax Benefit: $4,200 × 1.0 = $4,200

Frequently Asked Questions

How do I apply for the Ontario Child Tax Benefit?

You can apply for the Ontario Child Tax Benefit when you file your provincial tax return. The benefit is automatically calculated based on the information you provide on your tax return.

Can I claim the Ontario Child Tax Benefit if I have more than three children?

Yes, you can claim the Ontario Child Tax Benefit for each eligible child in your family, regardless of how many children you have.

Is the Ontario Child Tax Benefit taxable?

No, the Ontario Child Tax Benefit is not taxable. It is considered a non-taxable benefit and does not affect your taxable income.

How is the Ontario Child Tax Benefit different from the federal Child Tax Benefit?

The Ontario Child Tax Benefit and the federal Child Tax Benefit are separate programs with different eligibility criteria and calculation methods. Both benefits may apply to eligible families, but they are calculated differently.