Tax credits
Benefit year
The 12-month period many federal benefits use, often running from July to June, based on prior-year tax information.
Payments starting in July reflect income from the tax year two years earlier in many cases.
Benefits glossary
Canadian benefits glossary
Government benefits, tax, disability and drug-coverage terms explained in plain language.
Definitions are educational. Official program rules still apply.
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Benefit year vs tax year
Your tax year is the calendar year on your return; many benefits use a July to June benefit year based on an earlier tax year.
Income changes today may not affect CCB until the next benefit year.
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Sources and methodology
Definitions explain common government and program language in plain words. They are starting points for understanding, not legal advice or official eligibility decisions. Confirm important details with the official program, CRA, Service Canada, or a qualified professional.
Glossary reviewed September 13, 2026