It is your income net of RRSP contributions,
child care expenses etc..
Not exact matches
Similar to medical FSA's profiled above, you can save a tremendous amount of money on taxes by utilizing Flexible Spending Accounts to pay for dependent
care related
expenses such as
child care or any other person claimed as a dependent on your federal income taxes (
child care, elder
care,
etc.).
The CDSG matches the RDSP contribution at 100 %, 200 % or 300 % depending on the family's net income (i.e. gross income less RRSP contributions,
child -
care expenses etc.) and the amount contributed for a maximum of $ 3,500 per year.
These
expenses are defined in the
Child Support Guidelines as including: a) the costs of child care that is necessary to enable a parent to go to work or school, or is necessary because of the parent's health needs b) medical and dental insurance premiums attributable to the child c) health - related expenses for the child that exceed insurance reimbursement by at least $ 100 annually (e.g. orthodontic expenses, prescription drugs, etc.) d) extraordinary expenses for educational programs that meet the child's particular needs e) expenses for post-secondary education, and f) extraordinary expenses for extra-curricular activi
Child Support Guidelines as including: a) the costs of
child care that is necessary to enable a parent to go to work or school, or is necessary because of the parent's health needs b) medical and dental insurance premiums attributable to the child c) health - related expenses for the child that exceed insurance reimbursement by at least $ 100 annually (e.g. orthodontic expenses, prescription drugs, etc.) d) extraordinary expenses for educational programs that meet the child's particular needs e) expenses for post-secondary education, and f) extraordinary expenses for extra-curricular activi
child care that is necessary to enable a parent to go to work or school, or is necessary because of the parent's health needs b) medical and dental insurance premiums attributable to the
child c) health - related expenses for the child that exceed insurance reimbursement by at least $ 100 annually (e.g. orthodontic expenses, prescription drugs, etc.) d) extraordinary expenses for educational programs that meet the child's particular needs e) expenses for post-secondary education, and f) extraordinary expenses for extra-curricular activi
child c) health - related
expenses for the
child that exceed insurance reimbursement by at least $ 100 annually (e.g. orthodontic expenses, prescription drugs, etc.) d) extraordinary expenses for educational programs that meet the child's particular needs e) expenses for post-secondary education, and f) extraordinary expenses for extra-curricular activi
child that exceed insurance reimbursement by at least $ 100 annually (e.g. orthodontic
expenses, prescription drugs,
etc.) d) extraordinary
expenses for educational programs that meet the
child's particular needs e) expenses for post-secondary education, and f) extraordinary expenses for extra-curricular activi
child's particular needs e)
expenses for post-secondary education, and f) extraordinary
expenses for extra-curricular activities.
These returns can be used to take
care of living
expenses for the family members including education, marriage and other
expenses for
children till they become independent, retirement and medical
expenses,
etc..
A few insurers have gone a step further and tried to add on some other
expenses as well such as delivery
expenses, complications arising thereof, Caesarean delivery,
child vaccinations, newborn
care,
etc..
This sum assured will help the dependents to take
care of their monthly household
expenses,
child's education & marriage, house loan,
etc..
In total, the policy covers a wide range of health conditions and helps with the financial losses that come as a result such as
child care expenses, lost wages, home health
care costs,
etc..
This includes funeral
expenses, emergency funds, mortgage,
child care,
etc..
You'll be given a lump - sum cash payment to use towards unexpected medical
expenses, recovery costs, mortgage payments,
child care, utility bills, groceries,
etc..
Child plans are designed to take
care of their further education, marriage
expenses, business needs,
etc..
If you must pay or receive cash or a money order, make sure there is a signed receipt showing the purpose of the payment (
child or spousal support, reimbursement for medical
expense, shared cost of day
care,
etc.)