Follow Canadian Immigration and Life in Canada:
1. CCTB Child Tax Benefit (commonly known as the "Milk Money")
You can apply by downloading the application form from www.cra-arc.gc.ca (http://www.cra-arc.gc.ca). If a child needs to return to their home country but does not want to give up the Milk Money, they need to fill out the NR73 form to indicate the child's connection to Canada. If the connection is close, it is possible to receive the Milk Money, which will be determined by the tax authority.
For families with an annual income of less than 20,435, the maximum Milk Money for the first child is 266 CAD per month (2008), and for the second child, it is 243 CAD.
2. UCCB Universal Child Care Benefit.
This is newly announced this year, where each child under the age of 6 can receive 100 CAD per month. If you have already applied for the Milk Money, there is no need to apply separately.
3. Ontario Child Care Benefit (commonly known as "Chick Money")
Child Care Supplement For Working Families
This does not require an application. If you have a child under 7 years old who is receiving Milk Money and your annual income is between 5,000 CAD and 20,000 CAD, while applying for Milk Money, the tax authority will automatically send you a form. Just sign it and return it. If it is a family with two adults and one child, the maximum amount can be 91.67 CAD/month. Families with an annual income above 33,000 CAD are not eligible for this benefit.
4. Child Care Subsidy.
www.toronto.ca/children (http://www.toronto.ca/children)
This subsidy is for dual-income families applying for public daycare. It does not provide cash but requires prior application for a public daycare spot, and the government subsidizes the daycare you choose. Families with assets less than 5,500 CAD can apply for fully free daycare.
5. RESP (Registered Education Savings Plan)
This is similar to what is available in China, allowing parents to open an account to save money for their child's future university education. This fund must be used by the time the child turns 21, and it should be used within 25 years. If the child does not need to attend university, it can be transferred to their siblings.
To encourage families to save, the government provides subsidies for this savings, with a maximum of 40 cents for every dollar saved, and the government will subsidize up to 400 CAD per year. Additionally, the government provides a reward of 100 CAD for opening an account each year.
6. Children First School Choice Trust
www.childrenfirstgrants.ca (http://www.childrenfirstgrants.ca)
If children from low-income families wish to attend private schools, they need to apply before March 5 each year, and the government can subsidize 50% of the tuition fees. For a family of three, an annual income of less than 41,339 CAD is required to apply.
7. Additionally, children in grade 8 and below can receive free treatment at community hospitals for dental pain.