Speedy Cash
Fast Child Tax Loans in Canada
How Do Child Tax Loans Work?
A child tax loan is a short-term payday loan that uses your Canada Child Benefit (CCB) as a source of income. If your CCB is paid to you by direct deposit, Speedy Cash can count it when you apply. You can borrow $100 to $1,500 and put it toward whatever your family needs.
Children are expensive. For the first 18 years, parents cover diapers, formula, clothing, sports, phone bills, braces, and summer camps. When money is tight before payday, a child tax loan can help you bridge the gap.
You can apply online or in-store. Once you are approved, most customers get their money the same day. In most cases, funds are available within 30 minutes after approval by Email Money Transfer (EMT) or Instant Debit Card Funding (IDCF). In a store, you can walk out with cash in hand.
About the Child Tax Benefit (Canada Child Benefit)
The Child Tax Benefit, now called the Canada Child Benefit (CCB), is a government payment that helps families across Canada with the cost of raising kids.
The CCB is a monthly payment for eligible families. The amount you get depends on your family income, how many children you have, and their ages.
To qualify for the CCB, you usually need to live in Canada and be the parent or guardian of a child under 18. You also need to file your taxes each year, since the CRA uses your return to set your payment.
The CCB helps cover everyday costs like child care, school, clothing, and food. For many families, it makes a real difference each month.
CHILD TAX LOANS
What Can You Use a Child Tax Loan For?
You can use a child tax loan for almost any family expense. Common uses include:
- Education costs
- Medical and dental bills
- Clothing and footwear
- Extracurricular activities
- Technology and school tools
- Savings for the future
- Birthdays and special occasions
- Home safety and repairs
- Emergency expenses
- Family activities and memories
Apply for Child Tax Loans Online, 24/7
You can apply for a child tax loan on our website 24/7, from any device. There is no need to work around bank hours, so you can start your application early in the morning, late at night, or on the weekend.
Approvals and funding happen during business hours. Once you are approved, most customers get their money the same day.
When you apply online, you can expect:
• Easy access. Apply from home or on the go, on any device.
• Fast decisions. Many applications get a decision in minutes.
• A simple process. The online form takes just a few minutes to finish.
• Security. We use strong measures to protect your personal and financial information.
Transparent, Family-Friendly Loan Terms
A child tax loan from Speedy Cash is a payday loan, so it is built for short-term needs. We keep the terms clear and easy to understand:
• Clear, upfront cost. Rates and fees are set by each province. You see the full cost of borrowing before you accept anything, with no hidden charges.
• Simple repayment. Your loan is usually repaid on your next payday. In Alberta, a multi-pay plan is available.
• Built for families. Child tax loans are made for Canadian families who receive the Canada Child Benefit.
• Borrow responsibly. We encourage you to borrow only what you need and can repay on time.
Do You Qualify for a Child Tax Loan?
To qualify, your Canada Child Benefit needs to be paid to you by direct deposit so we can count it as income. Speedy Cash does not run a traditional credit score check. Instead, the review looks at your income, banking history, and ability to repay, and our loans are designed for people with less-than-perfect credit.
When you apply, bring:
- A government-issued photo ID
- A void cheque and/or pre-authorized debit form
- A 30- to 60-day bank statement
- Proof of address
- Your most recent pay stub
Requirements can vary by location. Contact your nearest store to confirm what you’ll need.
How to Apply for a Child Tax Loan Online
Applying online is simple. To get started:
- Start your application. Go to our secure application at speedycash.ca/borrow-now. New customers can set up an account in a few minutes.
- Share your details. Fill in your personal, contact, and income information.
- Pick your amount. Choose how much you need, from $100 to $1,500.
- Review and submit. Check that everything is correct, then submit.
- Get a decision. Most applications get a fast decision, often in minutes.
- Accept and get funded. Review your loan terms, accept, and receive your money by EMT, IDCF, or cash in-store.
Have questions at any step? Our customer support team is happy to help.
Why Families Choose Speedy Cash
Speedy Cash has helped Canadians with short-term loans for more than 20 years. Once you are approved, funding is fast, and many customers receive an Email Money Transfer in as little as 30 minutes. Our child tax loans are built around the way Canadian families are actually paid. You see the full cost before you accept, and our support team is a phone call or message away.
Apply Now
At Speedy Cash, we make it easy for Canadian families to get the support they need. Applying for a child tax loan takes just a few minutes, and our team is here to help.
Speedy Cash has 19 store locations across BC, Alberta, Saskatchewan, and Nova Scotia. Residents of Manitoba, New Brunswick, Newfoundland & Labrador, and Ontario can also apply online. Start your child tax loan application online, or find a store near you.