Hello,
My family (Wife + 2 kids) and I moved to Canada from India as Permanent Residents in Aug 2024. (We did a soft-landing (1 month) in Sept 2023 to get our PR cards, SINs, etc.. But we stayed in an AirBnB and did not have "significant residential ties to Canada" for tax purposes. Our rental lease agreement begins Aug 2024.)
We have only just gotten around to completing the CCB forms (RS66) and intend to send it out this week. (Submitting with my wife as the recipient.)
On multiple places on the official websites, it is mentioned that retroactive CCB can be paid out (as far back as 10 years).
Question: How will the past/retroactive payments be given? Assuming we quality for monthly payments of say $500 and our date of entry was 1-Aug-2024, will we get a lumpsum deposit of $500 times 8 or 9 months (Aug 2024 to date)? Do we need to submit any other forms?
(We are in the process of filing our tax returns online.)
Thank you,
Sid
My family (Wife + 2 kids) and I moved to Canada from India as Permanent Residents in Aug 2024. (We did a soft-landing (1 month) in Sept 2023 to get our PR cards, SINs, etc.. But we stayed in an AirBnB and did not have "significant residential ties to Canada" for tax purposes. Our rental lease agreement begins Aug 2024.)
We have only just gotten around to completing the CCB forms (RS66) and intend to send it out this week. (Submitting with my wife as the recipient.)
On multiple places on the official websites, it is mentioned that retroactive CCB can be paid out (as far back as 10 years).
Question: How will the past/retroactive payments be given? Assuming we quality for monthly payments of say $500 and our date of entry was 1-Aug-2024, will we get a lumpsum deposit of $500 times 8 or 9 months (Aug 2024 to date)? Do we need to submit any other forms?
(We are in the process of filing our tax returns online.)
Thank you,
Sid