Sentences with phrase «child tax benefits»

Yet low income lines and family income tested programs such as the Guaranteed Income Supplement and child tax benefits do assume couples share income with each other.

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.»

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.»

That includes $ 55,000 in annual earnings from her contract job, $ 22,800 in child support payments from Felix, and a few thousand in child tax benefits.

The real purpose of the report is to calculate an absolute poverty line for children that can be used to influence government policy on programs — such as the Canadian Child Tax Benefit (CCTB) and National Child Benefit (NCB)-- that provide low - and middle - income families support for children under the age of 18.

CRA: «You have to report any interest on money you invested in your child's name unless you deposited Canada Child Tax Benefit payments into his or her bank account or trust.

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 major impact of this change was to included the Canada Child Tax Benefit as a «major transfer to individuals» rather than being netted against personal income tax revenues.The income tax system is used to determine eligibility for the benefit and the amount but one does not have to pay personal income taxes to be eligible nor does it reduce the amount of tax otherwise payable.

In 1992, the federal government consolidated the Family Allowance Program and Child Tax Credit (see above) with a new Child Tax Benefit.

At that level of net income, a family with two children receives Canada Child Tax Benefit worth $ 87 per month.

Harper's much - ballyhooed child tax benefit offers less than a tenth of that.

While the Child Tax Credit is being replaced by the enhanced UCCB (get more information here), the Canada Child Tax Benefit remains in effect.

GST / HST credits are based on your income as well as your RRSP contribution room and Ottawa's new child benefit which will replace the universal child care benefit and the Canada child tax benefit later this year.

«Households with incomes below $ 30,000 will receive maximum child tax benefits,» says Joanna.

She also receives an additional $ 2,671 from the new Ontario Child Tax Benefit.

Enhancement to the federal child tax benefit — which will cost the government almost $ 3 billion this year — is just one of an array of financial goodies Canada's three major political parties are rolling out to woo coveted middle - class voters.

Be careful your annual leave doesn't exceed 182 days, because it could impact your eligibility to collect child tax benefits, employment insurance and Old Age Security — all due to a new border exit - tracking system the federal government is rolling out as part of the ongoing Perimeter Security Pact.

Under the old child tax benefits, a single - parent of two kids under age six, earning an annual income of $ 30,000, would only get $ 10,334 or $ 861 per month.

Canadian Child Tax Benefits will continue to be received by you as normal during a personal bankruptcy as they are considered to be part of your income and not an asset like a tax refund.

All income earned on Canada Child Tax Benefit payments put into the account is taxed in the hands of the child, without attribution to the contributor.

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.

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.

Whether you qualify for the Child Tax Benefit or the GST credit, for instance, depends on the sum of your income and that of your spouse.

We made it clear we need to make significant investments in infrastructure and middle - class families, so we talked about reducing the tax rate for middle - class families and increasing the child tax benefit to deal with the rising costs and anxieties.

Mr. Sarlo, whose work specializes in measurement of poverty, said he hopes his report will influence government policy such as the Canada Child Tax Benefit.

In the short - run it would primarily work through EI, but one could also imagine souping up the GST credit, the Canada Child Tax Benefit and Old Age Pensions, not to mention provincial welfare systems.

These include the Canada Child Tax Benefit and the Guaranteed Income Supplement.

For example, the Canada Child Tax Benefit is classified as part of Children's Benefits and included as spending in the Budget but not in the Main Estimates.

For example, refundable tax credits such as the Canada Child Tax Benefit, the Working Income Tax Benefit, the Scientific Research and Experiment Development Tax Credit, among others, are classified as expenses in the Budget, but are not included as spending in the Main Estimates.

With a non-cooperative threat point, anything that increases the wife's command over resources - the Canada Child Tax Benefit, for example - would be expected to shift the household's allocation of resources in a direction that she prefers:

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.

Under generally - accepted accounting principles, the WITB should be included as part of program expenses (like the Canada Child Tax Benefit) rather than being netted against personal income tax revenues.

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.

Again, the Child Tax Benefit was a discretionary benefit, meaning that parents could use the funds in any manner they saw fit, be it in support of child care or otherwise.

The Benefit operates in addition to the federal - provincial / territorial Canada Child Tax Benefit and National Child Benefit, as well as the federal Child Care Expenses Deduction (see above).

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.

In addition to the Child Tax Benefit, the Government of Canada introduced the Working Income Supplement, which was provided to working poor families.

The Canada Child Tax Benefit (CCTB) is a tax - free monthly payment made to eligible families to help with the cost of raising kids under age 18.

As was the case under previous systems, the Canada Child Tax Benefit and National Child Benefit are discretionary payments, meaning that parents may spend the funds as they see fit, be it on child care or otherwise.

The federal government again modified its system of child - based payments to parents in 1998, with the introduction of the Canada Child Tax Benefit (which replaced the Child Tax Benefit).

For example, the Canada Child Tax Benefit is considered as spending in the Public Accounts and Budget but not in the Estimates.

In 2014, the taxpayer decided to file a tax return for 2013 in order to claim the Canada Child Tax Benefit (now the Canada Child Benefit) for her kids.

It means looking at the complete tax system (the rate structure, the child care expense deduction, the working income supplement, the child tax benefit, among others) and how it penalizes low - and middle - income families with high punitive marginal tax rates.

It is not widely known that the Canada Child Tax Benefit (CCTB) is based on a family's net income i.e. income from all sources less deductions such as RRSP contributions, childcare expenses etc..

In 2014, the taxpayer decided to file a tax return for 2013 in order to claim the Canada Child Tax Benefit (now the Canada Child Benefit) for her 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.