How To Calculate Childcare Allowance

Table of contents:

How To Calculate Childcare Allowance
How To Calculate Childcare Allowance

Video: How To Calculate Childcare Allowance

Video: How To Calculate Childcare Allowance
Video: CANADA CHILD BENEFIT (CCB) EXPLAINED | How Much CCB Can You Get? | Step by Step Guide 2024, April
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There have been changes in the calculation and payment of benefits for the care of a child under one and a half years. Average earnings will be calculated based on the 24 months preceding parental leave. To calculate the average earnings, you must take all payments and benefits that were subject to insurance premiums.

How to calculate childcare allowance
How to calculate childcare allowance

Instructions

Step 1

The amount of calculation of average earnings does not include social payments and other payments that are not related to wages and are not taxed.

Step 2

The changes will affect women who have worked for less than 2 years, and women who are expecting a second or third child, who have recently worked less than two years.

Step 3

To calculate the allowance for caring for a child up to one and a half years, you need to divide the total amount of earnings for 24 months by 730. Even if you worked less than 24 months, it is still by 730. Having calculated the average amount of earnings for one day, multiply it by 30, 4 and then 40%. You will get the amount of the childcare allowance for up to one and a half years. You will receive the resulting amount on a monthly basis.

Step 4

The minimum amount of the allowance is: for the first child - 2194, 33 rubles, for the second and subsequent children - 4388, 67 rubles. These amounts are charged with the sum of the regional coefficient in those areas where it is installed.

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