NDP Make Improvements to Alberta Child Benefit Plan

tay

Hall of Fame Member
May 20, 2012
11,548
0
36
The new Alberta Child Benefit will be made available to all families with an annual income below $41,220, with the value depending on how many children they have.

The maximum benefit for a family with one child is $1,100, increasing to $2,750 for families with four or more children.

Families will receive the benefits in quarterly instalments, starting in August 2016, Sabir said.

In addition, the modified Alberta Family Employment Tax Credit will provide a larger credit to more families of low and moderate income than in the past.

Families with one child will now see a maximum annual benefit of $754, ranging up to $1,987 for families with four children or more.

The "phase out" threshold for that credit has also been boosted from its previous level of $36,778 to $41,250.

For families earning above that threshold, the amount of the credit will decrease proportionately to income, reaching zero around $77,000.

One in four Alberta families routinely struggles to make ends meet, according to Franco Savoia, director of Vibrant Communities Calgary, an anti-poverty agency.

He said the policy changes will help many people "lift themselves out of poverty."

"This has been a long time coming and it's a very, very important step," Savoia said.


Alberta's new benefits for low-income parents average $1,688 per family - Calgary - CBC News
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,337
113
Vancouver Island
More taxes and more borrowing. But that is OK because the next generation will pay the interest on the borrowed money and the generation after that will pay the principle.