Loans That Accept Child Tax Credit in Canada: 24/7 Options & More

If you want to get a loan online using your Canada Child Benefit (CCB or CCTB), you can get a payday loan, personal loan or cash advance. Cash advances and payday loans are easier to get than personal loans, and you can get them instantly 24/7. However, with cash advances you’ll only get approved for small amounts, while payday loans are super expensive.

Use this guide to check out the options available to you based on your specific needs.

Jump to:

• Payday loans (low amounts, 24/7, no credit check sometimes, easier to get)
• Personal loans (high amounts, credit check required)
• Cash advances (very low amounts, 24/7, no credit check, easier to get)

Compare payday loan providers that offer child tax loans

Some payday lenders offer child tax loans of up to $1,500 with instant approval. Lenders typically require full repayment the next time you get paid.

Best for: People who need an instant loan 24/7 via e-Transfer and have exhausted their other options.

Compare personal loan providers that offer child tax loans

These personal loan companies accept child tax as valid income. You can get funding as soon as the same day. Some providers work with bad credit applicants, but if your financial profile isn’t strong, be prepared to pay higher interest rates.

Best for: People who need at least $500 and can wait up to 48 hours to get their money.

Compare cash advance providers that offer child tax loans

Cash advance apps in Canada offer small, short-term loans that typically have more flexible repayments than payday loans and are easier to get than personal loans. You pay no interest on these loans, but you may pay a monthly fee.

Best for: People who need well less than $500 with 24/7 instant e-Transfer access and don’t want a credit check.

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Which child tax loan should I choose?

It depends on your needs, but the most cost-effective option—meaning no interest and no fees—is a cash advance app with three-day funding. Both Nyble and Bree offer this feature.

How do 24/7 child tax loans work in Canada?

With 24/7 child tax loans, you can apply online any time, get an instant decision and receive e-Transfer funding within minutes after approval. The fastest 24/7 child tax loans can be completed in less than an hour online, even if you apply in the middle of the night. This is because lenders have automated systems that allow them to give approval and funding any time.

You can get a 24/7 child tax loan from cash advance apps like KOHO, Nyble and Bree or payday lenders like iCash and PAY2DAY. If you prefer to apply elsewhere, make sure the lender offers the following so you can get your funds immediately:

• Accepts child tax credit as income
• 24/7 online application
• 24/7 customer support (this is only necessary if there are parts of your application that require a manual review)
• 24/7 e-Transfer

Are there loans that accept child tax with no other income?

Yes, some payday lenders and cash advance apps may accept child tax when you have no other income. KOHO, for example, has no job or income requirements, and they don’t even do credit checks. Instead, to qualify, they require you to open a KOHO account.

What are the fastest child tax loans?

Lenders that have consistently received positive reviews about their fast funding include Nyble, iCash and PAY2DAY.

Can you get e-Transfer payday loans in Canada 24/7 with child tax?

Yes, there are e-Transfer payday loans in Canada that are available 24/7 and that accept child tax benefits. For example, Loan Express, iCash and PAYDAY all offer 24/7 child tax loans.

Can you get payday loans using your child tax benefit with no credit check?

Yes. Whether you’re in Ontario, BC, Alberta or another province, there are payday lenders that can accept child tax credit without a credit check. Rather than looking at your credit score, these payday lenders will focus on your monthly income and debts.

You’ll need to give them access to your bank statements, and to get approved, your statements need to show that you have enough income to repay a child tax payday loan.

Related: No credit check loans in Canada

Features of payday loans that accept child tax

• Loan amount. Loan amounts are typically between $100 to $1,500, but some provinces limit the amount of this type of child tax loan to a percentage of your net income (50% in Ontario, BC, Saskatchewan and Newfoundland and 30% in Manitoba and New Brunswick).
• Loan term. The maximum loan term is 62 days across Canada. Child tax payday loans in Alberta must have a minimum loan term of 42 days, which is not a regulation for the other provinces or territories.
• Repayment. Payday loans are typically repaid in one payment, but it also depends on provincial regulations. In Alberta, for example, you repay your CCTB payday loan in at least two installments.
• Borrowing fee. You’ll pay $14 for every $100 borrowed.
• Bad credit is okay. Payday lenders will shift their focus on your income and cash flow instead. Not all lenders require credit checks.
• Child tax credit is okay. The CCTB is a widely accepted income among payday lenders.
• Fast. You can get CCTB payday loans within the same day when you apply online. You can often get e-Transfer payday loans in Canada 24/7 using the child tax benefit, which is often the fastest funding option.

Do I qualify for payday loans that accept child tax?

Basic requirements for payday loans that accept child tax include the following:

• Be the age of majority in your province or territory (18 or 19)
• Be a Canadian resident
• Have recurring CCTB income
• Have an active Canadian bank account

Before you apply for online payday loans using child tax credit

• Know how much it’ll cost. Payday loans are one of the most expensive child tax loan options, with annual percentage rates (APRs) in the triple digits. If you miss your payment, you’ll be charged NSF and late fees.
• Check your budget. Before taking out a CCTB payday loan, make sure you’ll have enough money left to pay for debts and expenses after you repay your payday loan. Otherwise, you may find that you need another payday loan.
• Make sure the lender is legitimate. Each province has its own rules about payday loans, such as maximum borrowing fees, late payment fees, cancellation period, rollovers and more. Licensed payday lenders must follow these rules.

How to compare payday loans that accept child tax

With many online child tax loans available, which lender do you choose? Consider the following:

• Funding options offered. If you apply online, you can get a payday loan via e-Transfer or direct deposit.
• Speed and convenience. Some payday lenders give approval and e-Transfer 24/7, while with other lenders you’ll need to apply during business hours. Online lenders are usually more flexible than lenders that require in-person applications.
• Availability. Not all payday lenders operate in all provinces and territories. Even if you can access a lender’s website in your province, make sure applications from your region are actually accepted.
• Reputation. Check for any red or green flags by reading customer reviews on sites like Trustpilot or the Better Business Bureau.

Compare CCTB payday loans

Your payday loan alternative: Installment loans

Installment loans are a type of loan where borrowers repay a fixed amount of money, plus interest, in regular, scheduled payments over a set period of time. Certain installment loan providers accept the Canada Child Benefit as a valid source of income.

• Interest rates. Rates for child tax loans are based on your personal factors, but they are typically between 18% and 35%.
• Loan amounts. Amounts are usually between $500 and $10,000.
• Loan terms. Term lengths are 3 – 60 months.
• Bad credit is okay. It’s possible to get an installment loan using child tax credit if you have fair or bad credit below 660.
• Fast. Installment child tax loans are not as fast as payday loans, but you can typically get one within one to two business days.

Are there 24/7 child tax installment loans?

Unfortunately, no. Installment loans have stricter requirements than payday loans and are often harder to get. Lenders of child tax installment loans will need to manually look at your application at some point before sending funds, and they typically do not have staff working 24/7.

Do I qualify for an installment loan using child tax?

Basic requirements for an installment loan include the following:

• Be the age of majority in your province or territory (18 or 19)
• Be a Canadian resident
• Meet the minimum income
• Meet the minimum credit score
• Have an active Canadian bank account

Can I get a child tax installment loan with no credit check?

If you want an installment loan that accepts child tax, lenders will have stricter requirements than payday loan providers and often require a credit check. Some lenders of installment loans don’t do credit checks, but you might be approved for less money and pay higher interest.

Be aware that scammers use the promise of “no credit check” loans to get applications with personal information.

How to compare online installment loans that accept child tax credit

• APRs. The APR is the interest rate plus other fees to finance your loan expressed as a yearly cost. It gives you a truer view of the cost of different child tax loans. Make sure you’re aware of any surety, broker and admin fees.
• Prepayment penalties. Installment loan lenders usually don’t charge fees for paying off a loan early, so be sure to avoid this.
• Accepts child tax credit. Installment loans are less flexible than payday loans with their income requirements. Before applying, check first that the lender accepts child tax credit to save yourself time.
• Reputation. Make sure the lender is a registered business and hasn’t received a pattern of complaints.

Compare personal loans that accept child tax

Your third option: 24/7 child tax cash advances

Cash advance apps such as KOHO, Bree, and Nyble provide 24/7 access to funds, but instant advances come with fees. KOHO and Nyble charge a flat subscription fee for instant access, while Bree applies both a flat subscription fee and a fee for each transfer.

Features of cash advance apps that accept child tax credit

• Interest rate: These types of child tax loans usually come with 0% interest rates, although you may need to pay a monthly subscription fee depending on the app you use.
• Loan amount: Between $20 and $500.
• Loan term: Next pay cycle or flexible.
• Bad credit is okay. Some cash advance apps, like Nyble, don’t do credit checks, which means it’s possible to get approved even if you have bad credit.
• Fast. You can typically get this child tax loan in as little as 30 minutes (for a fee) or up to a few days.

Do I qualify for an early pay advance using child tax?

Cash advance apps have very lenient requirements: you’ll need to have a recurring income and link your bank account so apps can verify your income and identity. Credit checks are not required.

How to apply for child tax loans online in Canada

1. Choose a type of loan. Your options in child tax loans online are payday loans, cash advance apps and installment loans. Payday loans are extremely expensive and should be a last resort.
2. Compare lenders. Compare interest rates, fees, repayment terms and eligibility requirements of several online child tax loans.
3. Find out if you’re eligible. Check that you meet the lender’s credit score and income requirements.
4. Apply online. Applications usually take less than 10 minutes. Provide details such as your name, email address, birthdate and Social Insurance Number (SIN). (You can also click Go to site in the table above to be redirected to a lender’s application page.)
5. Wait for a decision. Some lenders are fast and provide a decision in minutes.
6. Sign your contract. Review the terms of your loan and sign.
7. Receive your money. If you opt to get your child tax loan via e-Transfer, you can get your money within minutes.

Tips for getting online child tax loans in Canada

• Know the provincial regulations. If you’re getting a payday loan, become familiar with the payday loan regulations of your province to protect yourself from illegal practices. The provinces differ in what’s allowed and what’s not.
• Do not rush. Do not sign a contract without understanding the terms of your child tax loan, including your interest rate, loan term and repayment schedule. Avoid lenders that pressure you into signing. If you need money in a hurry, read our guide to fast emergency loans here.
• Check that you can afford it. Payday lenders automatically withdraw repayment from your bank account on the due date. Make sure you have enough money in your account to avoid penalties and pay for your other expenses. For installment loans, check that you can afford the monthly payments.
• Ask for a fee breakdown. Is there a loan processing fee (origination fee)? NSF or late payment fees? Early repayment penalties? Subscription fee? Transfer fee? Broker fee? Ask the lender to explain all possible costs.
• Don’t borrow more than you need. Are you tempted to apply for more to treat yourself to something extra or cover unexpected future expenses? Qualification requirements get stricter the more you apply to borrow. Strengthen your chance of approval by minimizing your loan amount.
• Avoid lenders that ask for upfront payment. Legitimate lenders will never do this, so steer clear of those that do.
• Watch out for scams. Be wary of providing your personal and financial details when searching for online child tax loans. Become familiar with personal loan scams and payday loan scams.
• Find a cosigner. If you have a trusted friend or family member with good credit, you can enlist them as a cosigner to increase your chance of getting approved and scoring a lower rate. But if you default on your payments, your cosigner’s credit score will also go down.
• If you can, improve your credit score first if it’s low. While not a great option for financial emergencies, if you can wait at least six months, improve your credit score by paying your bills on time. A higher score can get you approved for a loan with better terms.

How much are child tax loans?

This depends on the type of loan you get. Below is an example of how much a $300 loan may cost in different cases in Ontario.

Representative example: Melissa, an Ontario resident, needs $300 fast

Melissa, a resident of Ontario, is in urgent need of a $300 loan due to some unexpected expenses. She needs a loan within three days. Thanks to a free copy of her credit report from Equifax, she knows her credit score is 589. Melissa has two children and receives the Canada Child Benefit, which she’ll receive in about three weeks. She searches for child tax loans in Ontario.

Based on these factors, Melissa compares the following child tax loans.

	Payday loan in Ontario	Installment loan in Ontario	Cash advance app in Ontario, instant delivery	Cash advance app in Ontario, standard delivery
Loan amount	$300.00	$300.00	$300.00	$300.00
Cost of loan	$14 per $100 borrowed = $42 (243.33% APR)	21% + $100 broker fee (176.22% APR)	0% + $11.99 monthly fee	0%, no fees
Loan term	21 days	4 months	2 months	2 months
Payment amount	One full payment of $342	$104.41 monthly for 4 months ($117.65 in total interest)	$161.99 monthly for 2 months	$150 monthly for 2 months
Total loan cost	$342	$417.65	$323.98	$300

In dollars, the cash advance apps are the cheapest option. If she is approved for a cash advance less than $300, her next choice is to get an installment loan since it allows her to spread out her payments over time.

*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.

The use of payday loans in Canada

According to data from the Finder: Consumer Sentiment Survey Q2, the use of payday loans is on the rise with 44% using these short-term loans in Q1 2023, compared to 19% in Q4 2022.

What is the Canada Child Benefit?

One of several “baby bonuses” paid from the government to parents, the Canada Child Benefit (CCB) is a tax-free payment provided to families to help with the costs of raising children. The maximum benefit is around $7,997 annually per child under 6 and $6,748 annually per child aged 6 to 17. The exact amount each family gets depends on their annual income and each child’s age.

Who is eligible for the Canada Child Benefit?

In order to get the Canada Child Benefit you must meet several qualification requirements, including:

• Must live with a child who is younger than 18 years old
• You must be the one primarily responsible for the child
• Must be a Canadian resident for tax purposes
• You or your spouse/common-law partner must be a Canadian citizen, permanent resident, protected person, Status Indian or a temporary resident who has a current, valid permit and has lived in Canada for the last 18 months.

For more details on who can apply for the Canada Child Benefit, check out the Government of Canada’s CCB website.

When is the Canada Child Benefit baby bonus paid?

Canada Child Benefit payments are paid out monthly, usually around the 20th. You can expect to receive your first baby bonus payment within 8 weeks of submitting an online application (if approved). Here’s the 2025 baby bonus payment schedule for recent and upcoming payments:

Bottom line

You can use your Canada Child Benefit (CCB) to help you qualify for loans that accept child tax. You can get a payday loan, installment loan or early pay advance. Payday loans are the most expensive, but they have more flexible eligibility criteria. Early pay advances tend to be the most affordable child tax loan option, but they only allow very small loan amounts.

Frequently asked questions

• Can you get a loan with child tax?

  Yes, you can get a loan using child tax credit, although your options are limited to lenders who accept child tax as a valid source of income like payday loans and installment loans. Payday loans are extremely expensive and should be a last resort.

• How do I get my child tax loan?

  You can apply online for a child tax loan. Once approved, choose between an e-Transfer or direct deposit. Getting a child tax loan via e-Transfer is faster, but you'll need to be registered for e-Transfer with your bank first.

• Can I get e-Transfer loans with child tax income?

  It's possible to get e-Transfer loans with child tax income from a payday loan provider. Be aware that payday lenders offer high-interest, short-term loans that must be repaid in less than a month.

  Banks and private installment loan providers have stricter application requirements, so it may be harder to qualify for an e-Transfer loan with child tax.

• Can I qualify for payday loans using child tax benefits in Ontario?

  You can qualify for payday loans using child tax benefits in Ontario. Payday loans in Ontario have a maximum loan amount of $1,500 and cost $14 for every $100 borrowed. There is also a two-day cooling-off period, where you can cancel the payday loan without penalty.

• Can I get child tax loans in Newfoundland?

  You can use your child tax credit to qualify for a payday loan or installment loan in Newfoundland. Payday loans in Newfoundland cost $14 for every $100 borrowed. Installment loans in Newfoundland that accept child tax credit typically cost between 18% and 35% APR.

• Can I get baby bonus payday loans in Canada?

  Yes, baby bonus payday loans in Canada are also referred to as child tax payday loans, where a payday lender will give you a cash advance based on your Canada Child Benefit income. Like all payday loans, you could qualify for up to $1,500.

• Will my CCB benefit decrease if I take out a loan?

  No. You'll receive the same amount of money, because child tax loans are considered debt not income.