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Please be aware Magical Credit will not request you to send any upfront fees in order to get a loan from us. If you are contacted by anyone requesting this by email, text or phone, please call us immediately at 1-877-213-2088.

What is the Baby Bonus or Canada Child Tax Benefit and Does it Qualify For a Cash Loan?

What is the Baby Bonus or Canada Child Tax Benefit?

The Canada Child Tax Benefit (CCTB) is a tax-free monthly payment to families to offset some of the cost of raising children under the age of 18. The CCTB can also include other benefits, such as the national child benefit supplement. To qualify, you must live with and be the primary caregivers of a child under 18 years old.

How Much Will I Receive From the Canadian Child Tax Benefit?

The amount of CCTB you can receive is calculated based on your previous income tax returns. If your family size grows or marital status changes during the year, the amount can be adjusted to reflect the changes.

Do I Qualify For A Cash Loan?

If you receive CCTB, then you qualify for a Magical Credit cash loan! We provide short-term cash loans to most people who are receiving income from the government on a monthly basis. Most types of baby bonuses fall in this category.

Magical Credit is a Toronto-based private loan company that specializes in providing cash loans to people who are receiving fixed government income, such as the Canada Child Tax Benefit. If you need a short-term cash loan to help make ends meet, fill out an application or call us at 1-877-213-2088 now!