$122.41 ACFB Monthly Payout – November 2024 Payment Release Date!

The Canada Revenue Agency (CRA) administers the Alberta Child and Family Benefit (ACFB). It is an Alberta provincial government financial assistance program related to the Canada Child Benefit (CCB) program. Eligible households are going to receive their ACFB payments on 27 November 2024. 

$122.41 ACFB Monthly Payout 

The Alberta government has designed the Alberta Child and Family Benefit (ACFB) to provide financial assistance to qualifying households falling into lower to middle-income brackets and having more than one child under the age of 18. Alberta Child and Family Benefit (ACFB) is a tax-free amount that will be provided to all eligible families. 

The total payout amount of ACFB depends on the total number of children, marital status, and household income. The benefit amount will be reduced as the family income exceeds. The ACFB is divided into two categories: the base component and the working component. The benefit amount from the base component will be provided to all eligible households.

In this type, if household income increases then the benefit amount will be decreased. Whereas the working component will provide additional assistance to low-income employed families.  If your income rises then the working component benefits amount will also be decreased. For the one child available base monthly amount of ACFB is 

$122.41.

Payout Amounts of ACFB 

From July 2024 to June 2025 the maximum available AFCB benefit amount for the base component is listed in the below table. 

Number of Children  Maximum AFCB Benefits Amount (yearly) Maximum AFCB Benefits Amount (Monthly)
1 $1,469 $122.41
2 $735 $61.25
3 $735 $61.25
4 $735 $61.25

The maximum available AFCB benefit amounts for the working component are listed in the below table. 

Number of Children  Maximum AFCB Benefits Amount (yearly) Maximum AFCB Benefits Amount (Monthly)
1 $752 $62.66
2 $685 $57.08
3 $410 $34.16
4 $135 $11.25

Who is eligible for Alberta Child and Family Benefit (ACFB)?

To qualify for the Alberta Child and Family Benefit (ACFB), families must meet the following criteria:

  • Interested individuals must be a permanent resident of Alberta.
  • Individuals need to have more than one child under the age of 18.
  • You must be a parent or guardian of the qualifying child. 
  • To quality, households adjusted net income must not exceed $27,024 or $45,285. If family income exceeds these limits then their ACFB amount will be decreased.
  • To qualify for ACFB parents or guardians need to file their income tax returns yearly. 
  • To qualify for the ACFB amount Individuals must be eligible for the Canada Child Benefit (CCB).

How to apply for Alberta Child and Family Benefit (ACFB)?

There is no need to submit any type of application form to Albertans who want to get a benefit amount from the ACFB financial assistance program. After submitting their tax return and federal Canada Child Benefit and satisfying the eligibility requirements of Canada Child Benefit (CCB), eligible households will automatically get ACFB payments. So it is advised to enter all the required, accurate, and valid details in your yearly tax return. 

It is very important to put the required information about your income, marital status, and dependents. To qualify for ACFB, it is also important for Interested families to qualify for CCB.  The CCB application form can be submitted through mail or online. Once you are eligible for the CCB you’ll automatically receive ACFB payments from the Canada Revenue Agency (CRA).

ACFB Payout Schedule 

The ACFB payments will be delivered to eligible families in four installments. The first payment of ACFB for the annual period between July 2024 to July 2025 was provided to households in August 2024 and the second installment of ACFB is going to be delivered to eligible families in November 2024.

Whereas the third and the fifth installment dates are February 2025 and May 2025 respectively. The full ACFB payout schedule of 2024-25 is listed in the below table.

Month  Payout Dates 
August 2024 27 August, 2024
November 2024 27 November, 2024
February 2025 27 February, 2025
May 2025 27 May 2025

According to the Canada Revenue Agency (CRA), ACFB payments scheduled for eligible Albertan families will get their ACFB payment on 27 November 2024 through direct deposit payment receiving methods. Whereas eligible households of CCB will get their payment amount on 20 November 2024. 

What to do if your ACFB Monthly Payout faces delays?

Usually, the ACFB payments will be delivered to all the eligible households on the payment scheduled date but if your payout receiving dates fall on a weekend or federal public holidays then it is advised to you please wait at least four to five business days because contact the officials to get information about your ACFB payments. 

If you are an eligible individual but face unexpected delays in receiving your Alberta Child and Family Benefit (ACFB) payout amount then it is a good idea to contact the Canada Revenue Agency (CRA). They will inform you about your payment delaying reason and your ACFB payment date. 

Author

  • Makarand

    Dedicated writer for ehocstl.org, bringing finance to life through accessible, engaging articles. My goal is to simplify complex topics, inspire smart financial choices, and connect with readers through practical insights that matter.

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