How To Calculate Your Monthly Child Care Benefit

Table of contents:

How To Calculate Your Monthly Child Care Benefit
How To Calculate Your Monthly Child Care Benefit

Video: How To Calculate Your Monthly Child Care Benefit

Video: How To Calculate Your Monthly Child Care Benefit
Video: Free Money From Canadian Government For Child Care I Child Care Benefit | Canada Couple 2024, December
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The monthly childcare allowance is paid until the child reaches one and a half years of age. To calculate it, you must write a statement at the place of work addressed to the director of the enterprise. The application is signed and submitted to the accounting department of the enterprise for calculating benefits. The accrual amount is 40% of the average earnings for 24 months.

How to Calculate Your Monthly Child Care Benefit
How to Calculate Your Monthly Child Care Benefit

Instructions

Step 1

The monthly allowance can be obtained at all enterprises where the woman works. The maximum amount for calculating the benefit cannot exceed 465,000 rubles per year. To calculate the minimum amount of the benefit, the minimum wage is taken, even if the woman earned less.

Step 2

To calculate the allowance, the average salary for 24 months is calculated. It is necessary to divide the entire amount of money earned for the specified period by 730. Amounts received on sick leave and amounts received on benefits and social benefits are not added to the amount earned. The sum of travel allowances and per diems is now added to the total for 24 months. That is, the benefit can be calculated based on the amount of earnings from which the insurance premiums were paid.

Step 3

The entire amount earned in 24 months must be added up, divided by 730. This gives the sum of the average earnings for one day of work. This amount is multiplied by 30, 4 is the average number of days in a month. Multiply the resulting amount by 40%. This will be the amount of the monthly allowance for caring for a child up to one and a half years.

Step 4

For women who have worked for less than 24 months, the allowance is calculated based on the average earnings of the hours actually worked. If the amount is lower than the average amount for the minimum wage, then the calculation is made based on the minimum wage. To calculate the benefit for those without 24 months of experience, you must add up the entire amount earned, divide it by the number of calendar days worked, multiply by the average number of days in a month - 30, 4 and multiply by 40%. The amount for the calculation is also taken the one from which the insurance premiums were paid.

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