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Ontario Child Tax Calculator 2016

Reviewed by Calculator Editorial Team

Use this Ontario Child Tax Calculator to determine your eligible child tax benefits for 2016. The calculator provides an estimate based on official government rates and your specific family situation.

How the Ontario Child Tax Calculator Works

The Ontario Child Tax Calculator estimates your eligible child benefits based on the number of children you have, their ages, and your family income. The calculation follows the Ontario government's 2016 tax credit formulas.

Note: This calculator provides an estimate. For official calculations, consult the Canada Revenue Agency (CRA) or a tax professional.

Key Factors Considered

  • Number of eligible children (under 18 or full-time students under 25)
  • Your family's net income
  • Whether you're a single parent or have multiple children
  • Eligible expenses (childcare, education, etc.)

Types of Child Benefits

The calculator accounts for several types of child benefits:

  1. Canada Child Tax Benefit (CCTB)
  2. Ontario Child Tax Credit (OCTC)
  3. Canada Child Disability Benefit (CCDB)
  4. Canada Child Care Bonus (CCCB)

How to Use This Calculator

Follow these steps to get your estimated child tax benefits:

  1. Enter the number of eligible children in your family
  2. Select your family's income level
  3. Indicate if you're a single parent
  4. Enter any eligible expenses (optional)
  5. Click "Calculate" to see your estimated benefits

Formula Used

The calculator uses the following formula to estimate benefits:

Total Benefits = (CCTB × Number of Children) + (OCTC × Number of Children) + (CCDB × Number of Disabled Children) + (CCCB × Eligible Childcare Expenses)

Where:

  • CCTB = Canada Child Tax Benefit amount for 2016
  • OCTC = Ontario Child Tax Credit amount for 2016
  • CCDB = Canada Child Disability Benefit amount for 2016
  • CCCB = Canada Child Care Bonus amount for 2016

Worked Example

Let's calculate the estimated child benefits for a family with two children, a net income of $50,000, and no eligible expenses.

Benefit Type Amount per Child Total for 2 Children
Canada Child Tax Benefit (CCTB) $10,560 $21,120
Ontario Child Tax Credit (OCTC) $1,000 $2,000
Total Estimated Benefits $23,120

This example shows the estimated benefits before any income-based reductions. Actual benefits may vary based on your specific circumstances.

Frequently Asked Questions

How accurate is this calculator?
This calculator provides an estimate based on 2016 government rates. For official calculations, consult the Canada Revenue Agency or a tax professional.
What counts as an eligible child?
Eligible children are those under 18 or full-time students under 25 who live with you for at least six months of the year.
How do income reductions work?
The Canada Child Tax Benefit is reduced by $25 for each $100 of net income over $43,000 (single parent) or $86,000 (married couple).
Can I claim benefits for disabled children?
Yes, disabled children may qualify for the Canada Child Disability Benefit, which provides additional support.