Taxman will get 1,200 dollars

[Jersay]

QUEBEC (CP) - Few Canadian families will ever see the $1,200 promised by the Conservative government to subsidize childcare costs, says New Democrat Leader Jack Layton.

Layton says a fraction of the promised money will end up in parental pockets by the time the taxman takes a cut.

"Mr. Harper should tell the truth on this topic," Layton told students at Laval University.

"He'll tax that $1,200 and there will only be a fraction of that money left for parents."

Layton praised Quebec's daycare program which is heavily subsidized by the provincial government. He said the federal government should help the province pay for it.

Instead of paying families, Layton said the government should give tax credits to families and pay subsidies to build daycare facilities.

http://start.shaw.ca/start/enCA/News/NationalNewsArticle.htm?src=n041923A.xml

Conservatives would like you too believe, but it is taxable and most people will never see a dime of this money. Especially ones on welfare or on the lowest income bracket.

 

[Kreskin]

QUEBEC (CP) - Few Canadian families will ever see the $1,200 promised by the Conservative government to subsidize childcare costs, says New Democrat Leader Jack Layton.

Layton says a fraction of the promised money will end up in parental pockets by the time the taxman takes a cut.

"Mr. Harper should tell the truth on this topic," Layton told students at Laval University.

"He'll tax that $1,200 and there will only be a fraction of that money left for parents."

Layton praised Quebec's daycare program which is heavily subsidized by the provincial government. He said the federal government should help the province pay for it.

Instead of paying families, Layton said the government should give tax credits to families and pay subsidies to build daycare facilities.

http://start.shaw.ca/start/enCA/News/NationalNewsArticle.htm?src=n041923A.xml

Conservatives would like you too believe, but it is taxable and most people will never see a dime of this money. Especially ones on welfare or on the lowest income bracket.

If taxes are digging to far into the money then you probably don't need it. Tax rates are tiered. The lowest income earners pay no tax.

 

[Jersay]

That is why the 1,200 disappears.

 

[JonB2004]

RE: Taxman will get 1,200

I don't understand why Harper is taxing his child care program. Man, is he ever an idiot?

 

[Kreskin]

If you made 8000 a year and relied on a tax credit you would get nothing. I would rather get $1200 taxable income.

 

[Kreskin]

Can someone show me where the taxman gets the $1200?

http://www.ey.com/GLOBAL/content.nsf/Canada/Tax_-_Calculators_-_2005_Personal_Tax

 

[Jersay]

It is money that is illegal for welfare families to get, therefore it is taken away in places like Ontario.

 

[zoofer]

Harper said he hopes the $1200 will not be taxed. Expect the lefties to try to sabotage the plan.
Quebec cannot afford their daycare and is eying Alberta's riches.
Equalization payments need revising, including who is a legit have not Province and who is not.

 

[Kreskin]

If they're on welfare why do they need daycare?

 

[Jersay]

So because they are on welfare, they don't deserve child-care for their children?

And zoofer, it is taxable. Cons have admitted it that it is taxable, I watched it on cpac.

Harper said child-care for all? If welfare people don't get some, and only rich (buggers) get it, how is it for all.

 

[Kreskin]

So because they are on welfare, they don't deserve child-care for their children?

They are the child-care if they're at home on welfare. Don't call it daycare. It wouldn't be. Call it "free money just because you're on welfare" under Layton's plan.

 

[Kreskin]

Actually, with Jack's tax credit plan those on welfare would be assured to get nothing.

 

[FiveParadox]

Re: Taxed Payout

It should be noted that Olivia Chow, M.P., the Member for Trinity—Spadina and the Child Care and Youth Critic for the New Democratic Party of Canada, has contended, backed-up by a report by the Caledon Insitute on Social Policy, that some families would be eligible only to receive amounts as low as one hundred ninety-nine dollars (+CAD$199) of this sort of direct payment.

Click here to view the appropriate thread on Canadian Content.

 

[Kreskin]

Re: Taxed Payout

It should be noted that Olivia Chow, M.P., the Member for Trinity—Spadina and the Child Care and Youth Critic for the New Democratic Party of Canada, has contended, backed-up by a report by the Caledon Insitute on Social Policy, that some families would be eligible only to receive amounts as low as one hundred ninety-nine dollars (+CAD$199) of this sort of direct payment.

Click here to view the appropriate thread on Canadian Content.

-Minus benefit clawback: three hundred ninety dollars (-CAD$390)
-Minus Young Child Supplement: Two hundred forty-nine dollars (-CAD$249)

What benefit clawback and what young child supplement?

 

[FiveParadox]

Kreskin, I am attempting to search for the information you requested. The Young Child Supplement appears to be a credit that was attached to the Child Tax Credit by the previous Conservative Government of Canada (apparently since it didn't do much for lower-income families, it was sort of "forgotten").

As for the benefit clawback, perhaps they're talking about the amount that each province would be expected to claw back from the direct payment? I'm not sure, but I hope to have found that information for you by tomorrow.

 

[bluealberta]

I would humbly suggest that the ones who will see little benefit, tax wise, are the ones paying full shot for day care now, which means the family income level is quite high.

What people forget is that individuals on low incomes pay very little or nothing in income tax, so even this $1200 will not affect them, or very little. Also, child care expenses are deductible, so that has to be taken into consideration.

The benefit is choice, the income tax issue is separate. But the CPC option gives choice to individuals and families instead of having a monolithic government trying to manage our lives from cradle to grave. That is the difference between conservatives and liberals: choices instead of orders.