Windfall Timing Curious

Folks on welfare or a disability income - with children- do not qualify for the UCCB ( Universal Child Care Benefit) taxable - $100.00 per child under 6 and $60.00 more for each child up to age 17. They read these great announcements and carry on with what they have.

They receive the CCTB( Canadian Child Tax Benefit) which is tax free.( $122.68 per child up to age 18)

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Originally Posted by Sharon

Some will be surprised to see what they owe in taxes in April. :)

Mulclair said to night that he would not cancel it, but add to it by providing many more subsidized daycare spots. Trudeau said he would not cancel it but only provide to "those who really need it".

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They don't have much choice,but,they've amply demonstrated that neither can be trusted. How could they villify the Conservatives on this issue then be quoted on the record that it wasn't fair to all Canadians when,in fact,the exact opposite is true and there for all to see. I can't wait to see the back track and spin that comes out of this. The Conservatives have them right where they want them.

Love that new avatar Trimmer. :)

I think it is great. Even though it is your own money you are getting back. Bravo for the Cons.

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Originally Posted by Sharon

Love that new avatar Trimmer. :)

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Bin there,dun that,so,it kinda struck a nerve. It's funny,now,but,it sure wasn't way back when...........LOL

Heard on the radio, don't know if it was an attack ad or a quote from the opposition, that this money will only go to those living in Conservative ridings. :P

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Originally Posted by kickingfrog

And the best part is half of that goes back to the government in income tax... and then 13% in hst. That's churn.

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Originally Posted by terrym

The motive is pretty obvious. But when a politician gives families money back instead of dreaming up countless new ways to tax more out of them, well I'm good with that. They are returning money to working families.

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I'll chime in here now as well.
Exactly Terry, yes obviously vote buying. At least everyone with kids benefits...aka the working stiffs and peons...and not just a few, or special interest/lobby group.

Ever heard of banking the windfall KF. You only lose consumer taxes, if you spend it......

Maybe park it in a TFSA? Tax free?
Maybe park it in a RSP and get even more back so that hopefully one day, you too can retire?
Maybe an RESP for the kids Post cost, and get even MORE?
Mybe Pay down some debt and save interest
Foreign concept I know.Not sure why you wouldn't think of those, can only guess you don't need them?

How's the view from the bow?
Think maybe the two at the stern could use it given the times?

I have a strong dislike for vote buying - but this comes across as a great idea compared to the provincial liberals vote buying - gas plants, teacher union raises, opp union raises - that are given to small groups that need it least.

Funny that eh Werner?

I am actually "good" with this given
The times
The state of the middle class/peons
The REAL need for people to start thinking about tomorrow, instead of just today.

Then again, consider what I do for a living, am licenced for.

Better the peons pockets than big brothers.

See statistics since the 60s.
See those who sit in the bow and don't realize those in the stern....

Need this
And isn't it funny how some, many in this thread didn't see or think about
The need for people to reduce debt. Or
RSPs or TFSAs, or RESPs or the peons, just like the Ontario Liberals and those who....

And one last (hopefully) thought.

With respect to "churning" and Ponzi schemes and the beneficiaries of vote buying.

Even if everyone (the majority anyways) spends every penny, KF.

Something um people (the left ) here don't seem to grasp. The more money the peons have in their pockets, the more they spend, which does what? Ah yes, helps the economy. Which does what? Why, it helps everyone including big brother.

When you take it from them, only a few benefit.