Turbo Tax shows a benefit of approx $5,565 for a couple with a combined net income of approx $160,000. They have 2 young children. Tax year is 2024. Is this correct?
If not, is the error mine, or somewhere in Turbo Tax?
We invite you to visit and try the CRA Child and family benefits calculator. The calculation is based on different elements, not only income.
On this link, you have access to the math behind CCB payments.
Thank you for choosing TurboTax.