The CCB (Canada Child Benefit) is a tax-free cash benefit for Canadian parents that provides substantial assistance every single month. This benefit is based on income, the age & number of children and, if applicable, disability. It can be deposited straight into a bank account every month. 

But what happens if something unexpected happened before your child benefit is due to arrive? Whether you’re a single-parent family in British Columbia or nuclear family in Ontario, a cash advance loan can provide some breathing room when unexpected expenses put a strain on your finances. You can use your Canada child benefit (CCB) as qualified income to secure your cash advance.

If you have a young family and think you may be eligible for the CCB, learn how much CCB you're eligible for, or visit our quick guide on how much CCB you could be eligible for and how to apply.

Let’s discuss how you can get a fast cash advance using the child tax credit and how you can do it without predatory payday lenders...

Can I get a cash advance on the child tax credit?

There’s never been a better time to apply for a cash advance online! Today, reputable online lenders—like Fresh Start Finance—are starting to emerge with the technology to deliver fast funds to your account within 24 hours.

Fresh Start Finance can deliver a cash advance on your child tax credit with personal installment loans of between $600 to $15,000. Simply apply, and the money can be transferred to your account within a day! You don’t need to wait until tomorrow; our application is open 24/7!

Fresh Start Finance may not be the only lender that qualifies your child tax benefit as income. A quick check on the internet reveals that most child tax loans are offered by payday lenders. But with their exorbitant interest rates and tight repayment timelines, it’s important to know that there are safer options than payday lenders when you need fast cash.

A better alternative to baby bonus payday loans

Mainly, there are two kinds of loans that qualify child benefits as income and can deliver instant cash when you need it: 

  1. Installment loans
  2. Payday loans

Some people apply for payday loans using their child tax benefit. The baby bonus payday loan is an extremely short-term loan based on the amount of your child tax credit. However, payday loans, due to their inherently high APR and quick repayment timeline, are predatory in nature.

With regard to interest rates, the total cost of borrowing for a payday loan can be as high as 650% in some provinces! As you can see in the infographic below, the cost of borrowing with a payday loan compared to other forms of credit simply isn’t worth it: Chart comparing borrowing costs of baby bonus payday loans compared with other common loan types. Original Photo Credit: Financial Consumer Agency of Canada-- Interest rate comparison on a $300 payday loan for 14 days.

If you’ve never got a payday loan but are considering it now, don’t even think about it! Your first payday loan can begin a vicious repayment/borrowing cycle that is very difficult to break if you miss a payment.

In the past, people who needed quick cash advances had no choice but to visit a payday lender. Luckily, there are far better (and safer) alternatives when you need a loan on your baby bonus. Online installment loans are preferable due to longer repayment timelines, lower interest rates, and fixed repayment amounts that you get to decide!

Where to apply for a cash advance on my child tax credit

When you need fast cash, a baby bonus personal loan is always the smarter choice compared with a payday loan. And getting a personal loan with Fresh Start Finance is quick, easy, and stress-free:

  • All credit scores welcome: Whether you’re new to credit or have filed for bankruptcy, Fresh Start Finance approves loans for every credit rating.
  • Loans up to $15,000: Choose how much money you’d like to borrow and get approved for any amount between $600 to $15,000!
  • Simple application process: Apply online in minutes. Our application is open 24/7! You can also speak to a live representative by phone or text message.
  • Incredibly fast approvals & transfers: Funds are deposited into your bank account usually within 24 hours of applying.
  • Customizable repayment schedule: Avoid payday lender’s tight repayment timelines! With Fresh Start Finance, you decide how much to pay back every month. You can spread your payments out over 60 months if you want!
  • Full transparency: No application fees, maintenance charges, and hidden costs ever.
  • No appointment required: Online applications mean you’ll never have to wait in line at a bank or payday loan shop.
  • Safe & secure: State-of-the-art security technology means your data is under lock and key. 
  • Canadian: Fresh Start Finance is based in Vancouver and serves people across the country.

Apply for your child tax loan today to find out how we can assist you!

What if I apply with Fresh Start Finance and get declined?

We work hard to boost your chances of approval and we pride ourselves on getting a high percentage of low-income, credit-challenged customers the loans they need. Unfortunately, some applicants with very low credit scores don’t get approved right away, but we don’t give up!

You can rebuild credit with a secured credit builder loan or secured credit card!

Contact us to learn more about our credit building solutions today. Our consultants are waiting to discuss your options!

How provincial & federal Canada Child Benefit and credit programs work

How do they determine the amount you’re eligible for?

The chart below highlights provincial and territorial child benefit and credit programs. For the most part, you do not need to apply to a province or a territory to receive payment for any of these programs. Simply apply for the CCB, and officials will determine your eligibility for the programs below. Generally, each provincial benefit is combined with your CCB into a single monthly payment. 

If you are deemed eligible, the amount of your payments will be based on: 

  • The number of dependent children you have under the age of 18 years
  • Family combined income
  • Single-parent or two-parent status

COVID-19 Canada Child Benefit Update

Due to the coronavirus outbreak, the government has announced that it will be temporarily increasing the maximum annual Canada Child Benefit (CCB) amounts by $300 per child in 2020. Families will receive this extra income in their May payment.

Provincial Canada Child Benefit Amounts

The amounts mentioned below are maximum yearly payments you may be eligible for, in each province.

Province or Territory


Payment (per year)


Alberta Child Benefit 

Up to $1,155 for 1st child and $577 for each additional child

Alberta Family Employment Tax Credit 

Up to $801 for one child

Up to $1,530 for two children

Up to $1967 for three children

Up to $2,113 for 4 or more children 


BC Early Childhood Tax Benefit

Up to $660 per child (under the age of 6 years)


Manitoba Child Benefit

Up to $420 per child.


New Brunswick Working income supplement

Up to $250 per child

New Brunswick school supplement 

Up to $100 per child


Newfoundland and Labrador Child Benefit 

Up to $405 for the 1st child

Up to $430 for the 2nd child

Up to $462 for the 3rd child

Up to $496 for each additional child

Mother Baby Nutrition Supplement

Up to $720 for newborn children under 12 months old.


Northwest Territories Child Benefit

Children under the age of 6:

Up to $814.92 for 1 child

Up to $1467 for 2 children

Up to $1996.92 for 3 children

Up to $815 for 4 children

Up to $366.96 for each additional child

Children aged 6 to 17:

Up to $652 for 1 child

Up to $1174 for 2 children

Up to $1597 for 3 children

Up to $1956 for 4 children

Up to $292.92 for each additional child


Nova Scotia Child Benefit

Up to $925 for the 1st child

For each additional child, parents will receive between $412 and $900 per year (depending on income)


Nunavut child benefit

Up to $330 per child

Territorial Worker’s Supplement

Up to $275 for one child

Up to $350 for two or more children


Ontario Child Benefit 

Up to $1,434 per child


Prince Edward Island Sales Tax Credit

Up to $220 per family


Quebec Family Allowance

Up to $2472 for the 1st child

Up to $1735 for the 2nd child

Up to $1735 for the 3rd child

Up to $1852 for each additional child

Single parent? Add $867 to each amount. 


Saskatchewan Low-Income Tax Credit

Up to $136 per child (maximum of 2 children) or an annual credit of up to $964 per family.


Yukon Child Benefit

Up to $820 per child

Apply for your child tax loan today