Ontario Child Benefit Estimate
Reviewing benefits for a Single Parent (2 Children) with a net income of $120,000.
Estimated Monthly Support
$727 /mo
~$8,719 per year (Tax-Free)
Household Profile
Children
1
Max Rate
1
2
Max Rate
3
Estimated Annual Benefit
$8,719 / yr
Your Result Explained
At an income of $120,000, your family falls into the eligible range for federal benefits. Based on a household income of $120,000, a Single Parent (2 Children) in Ontario qualifies for approximately $8,719 per year in government support. This , plus the Canada Carbon Rebate.
Benefit Breakdown
- Canada Child Benefit (CCB): $7,879 / year
- Ontario Child & Trillium: $0 / year
- Tax Credits (GST + Carbon): $840 / year
💡 Planning Tip: Since your income is $120,000, you are in the "phase-out" zone.
Every $100 you contribute to an RRSP could increase your tax-free benefits by reducing your net income.
Use the calculator above to test a lower income!