Sentences with phrase «universal child care benefit»

In addition, come July, all families with children — taxable or not — will receive a lump sum of $ 360 per child under the age of 18 under the newly enhanced Universal Child Care Benefit.

Her only income was the Child Tax Benefit of $ 3,197 (which doesn't count as income in Family Tax Cut calculations) and the taxable Universal Child Care Benefit of $ 3,600.

The Liberal rationale, as outlined in Budget 2016 is that «Canada's existing child benefit system is complicated, consisting of a tax - free, income - tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.»

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However, if you deposited Canada Child Tax Benefit or Universal Child Care Benefit payments into a bank account or trust in your child's name, the interest earned on those payments is your child's income.»

Our Government's Universal Child Care Benefit provides 1,200 dollars a year to parents to help with the costs of raising kids.

Across the street, a young family with newborn twins may be waiting for their first Universal Child Care Benefits (not income tested) and Canada Child Tax Benefits, where the benefit is based on combined family net income.

On July 1, 2016 the new Canada Child Benefit (CCB) replaced the old Universal Child Care Benefit, the Canada Child Tax Benefit and the federal National Child Benefit Supplement.

Shortly after the Conservatives unveiled plans to expand the current Universal Child Care Benefit program, the Liberals countered with a pledge to replace it with a new $ 22 - billion Canada Child Benefit and overhaul existing personal tax rates.

Their usual $ 100 - a-month Universal Child Care Benefit (UCCB) was boosted to $ 160.

Harper also announced Thursday that the Child Tax Credit would be replaced in 2015 by increases to the existing Universal Child Care Benefit (UCCB).

But it gets better because these families also benefit from the enhanced Universal child Care Benefit (UCCB).

The Liberal rationale, as outlined in Budget 2016 is that «Canada's existing child benefit system is complicated, consisting of a tax - free, income - tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.»

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According to the CRA, you can deposit Canada Child Tax Benefit or Universal Child Care Benefit payments into a bank account or trust account in your child's name and have the interest payments treated as your child's income:

The Liberals explained their decision to scrap CCTB and UCCB and replace it with the Canada Child Benefit by stating that: «Canada's existing child benefit system is complicated, consisting of a tax - free, income - tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.

Liberal Leader Justin Trudeau says he would scrap income - splitting, but says he would outdo Harper's pre-election boost to the Universal Child Care Benefit by sending even bigger cheques to parents.

Besides, most child - care benefits in Canada are already means - tested, including municipally and provincially run child - care subsidy systems, as well as the federal government's Universal Child Care Benefit.

Instead of fresh explanations, Harper offered well - worn tales of derring - do: the Universal Child Care Benefit, the GST cuts, the end of the Wheat Board monopoly and of the long - gun registry.

Major transfers to persons rose $ 1.3 billion (9.1 %), primarily reflecting higher children's benefits due to the replacement of the Universal Child Care Benefit by the Canada Child Benefit.

Children's benefits were up $ 1.4 billion or 6.9 % due to the replacement of the Universal Child Care Benefit by the Canada Child Benefit.

Mr. Harper announced enrichment to the Universal Child Care Benefit (UCCB), which would benefit almost 1.7 million families with children.

This was done solely to pay for their increase to the Universal Child Care Benefit, income splitting and other initiatives announced in the November Update and April Budget.

Most ($ 26.4 billion) of this will be taken up by the Family Tax Cut (i.e., income splitting, $ 12.7 billion) and enhanced Universal Child Care Benefits ($ 13.7 billion after eliminating the Child Tax Credit).

«I think this has become a political issue because Mr. Trudeau, during the campaign, repeatedly said that his family was wealthy and so they didn't need any child care support through the Universal Child Care Benefit and in fact he donated it back to charity,» interim Conservative leader Rona Ambrose told reporters in Ottawa on Tuesday.

In opposing the former Conservative government's Universal Child Care Benefit, Trudeau argued that such a tax break shouldn't be going to «wealthy» families like his and Stephen Harper's.

He announced income splitting for families with children under the age of 18; enhancements to the Universal Child Care Benefit and to the Child Care Expense Deduction; and, he announced a doubling the fitness tax credit for children and made it tax deductible.

Prime Minister Harper and Finance Minister Joe Oliver were so confident that this commitment was a «no - brainer» that the Prime Minister announced in a «mini-budget» in October, the Family Tax Cut, and increases to the Universal Child Care Benefit along with a number of other small initiatives.

Most recently, it includes the «family tax cut», better known as income splitting for families with children under the age of eighteen, along with enrichments to the Universal Child Care Benefit (offset by the elimination of the Child Tax Credit) and to the youth fitness tax credit.

Although most of the Conservative election platform was set out last October with the introduction of the increases to the Universal Child Care Benefit and the Family Tax Cut, Stephen Harper has announced two new initiatives in the first two days of the 2015 election campaign.

The contingency reserve would not be used to finance new policy initiatives, such as the Family Tax Cut and the increase to the Universal Child Care Benefit.

Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit.

The Harper government has already gone some way to providing greater tax recognition for the costs of children through the introduction of the Universal Child Care Benefit and the introduction of a non-refundable child amount credit.

Payments to individuals (Employment Insurance, Old Age Security, Universal Child Care Benefit, etc.) have remained at about four per cent of GDP, in line with their share before 2006.

Major transfers to persons rose $ 2.4 billion (8.5 %), primarily reflecting higher children's benefits (up $ 1.3 billion or 20.2 %) due to the replacement of the Universal Child Care Benefit by the Canada Child Benefit.

The Liberals would scrap the Universal Child Care Benefit and replace it with a new program that would help some families and ignore others.

Children's benefits were up $ 4.0 billion (22.4 %), reflecting the new Canada Child Benefit, which came into effect July 2016, replacing the Canada Child Tax Benefit and the Universal Child Care Benefit.

Finally, in 2006, the federal government implemented the Universal Child Care Benefit.

Like the Canada Child Tax Benefit, the Universal Child Care Benefit is a discretionary payment; parents may use the funds for whatever purpose they wish.

The Universal Child Care Benefit (UCCB) is a taxable monthly payment to eligible families with children under age 6.

Children's benefits increased by $ 177 million (4.0 %), due to the enhancement and expansion of the Universal Child Care Benefit.

Children's benefits increased by $ 903 million (12.1 %), due to the enhancement and expansion of the Universal Child Care Benefit (UCCB) and the replacement in July 2016 of the UCCB and the Canada Child Tax Benefit by the new Canada Child Benefit.

The Estimates exclude the activities of the Employment Insurance Program, refundable tax credits (such as the Universal Child Care Benefit) and the activities of enterprise Crown corporations.

Children's benefits increased by $ 1.8 billion (17.4 %), due to the enhancement and expansion of the Universal Child Care Benefit (UCCB) and the replacement in July 2016 of the UCCB and the Canada Child Tax Benefit by the new Canada Child Benefit.

Currently individuals may apply for CCTB and Universal Child Care Benefit (UCCB) as far back as the introduction of the programs.

It also costs a lot of money, which is why in recent months we expanded the Universal Child Care Benefit, introduced the Family Tax Cut, increased the Child Care Expense Deduction limits and doubled the Children's Fitness Tax Credit.

Liberals promised to scrap the Universal Child Care Benefit and introduce the Canada Child Benefit.

This could include increases to the Universal Child Care Benefit or Canada Child Tax Benefit.