Tory ridings big winners with enriched child-care benefits

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
39,817
471
83
You think adults will blow it rather than spending on their kids?

 

JamesBondo

House Member
Mar 3, 2012
4,158
37
48
I have heard that an NDP gov will take a wrecking ball to this program long before their unproven programs are reviewed and refined. I don't like our children being used as lab rats for Mulcair's agenda.
 

Cliffy

Standing Member
Nov 19, 2008
44,850
193
63
Nakusp, BC
Don’t spend that child care benefit, mom and dad



  • posted Jul 16, 2015 at 9:00 PM
Editor: The barrage of blatant vote buying ads has arrived on television and in the mail.
A cheque for $2,460 made out to “Mom and Dad” adorns the cover of our MP’s ad mail, which the taxpayers of Canada paid for.
What’s notable is the deception of what is not mentioned. These UCCB (universal child care benefit) payments are fully taxable, at rates between 20 and 45 per cent here in B.C.
Furthermore, the child amount deduction of $2,255 per child has been eliminated on the 2015 personal tax return. That will cost every parent $451 in additional taxes for every child. So, mom and dad, you’d better not spend that new “benefit,” because you’ll have to pay back most of it next April when you file your taxes.
David Truman
Brookswood Tax Services


 

petros

The Central Scrutinizer
Nov 21, 2008
118,621
14,563
113
Low Earth Orbit
A cheque for $2,460 made out to “Mom and Dad” adorns the cover of our MP’s ad mail, which the taxpayers of Canada paid for.
What’s notable is the deception of what is not mentioned. These UCCB (universal child care benefit) payments are fully taxable, at rates between 20 and 45 per cent here in B.C
You don't like the poor getting a leg up? It's been known from day one it was to be taxable income. It's far cheaper and more fair than picking and choosing who gets it and who doesn't. This is ideal and based on the level of need.
 

Corduroy

Senate Member
Feb 9, 2011
6,670
2
36
Vancouver, BC
But he told me he would come to my house and personally deliver my UCCB cheque every month.

Just thank God Santa Pierre got to you in time! HUNDREDS OF MILLIONS of Canadian families still haven't signed up! THE DEADLINE IS FAST APPROACHING! Just 30 seconds left. 25 seconds. Act now! It's Christmas in July!

 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
548
113
Vernon, B.C.
You don't like the poor getting a leg up? It's been known from day one it was to be taxable income. It's far cheaper and more fair than picking and choosing who gets it and who doesn't. This is ideal and based on the level of need.

Yeah, the income tax is a great equalizer! Too bad that's the only thing that is good about it. :) :)