Windfall Timing Curious

Now the Federal Govt. annoys me.

"In what’s billed as the biggest one-time benefit payout in federal history, a windfall worth almost $3 billion is being mailed out to day as the Conservative government hikes the universal child care benefit just three months before an election.
The increased payments are retroactive to the start of the year, meaning the payments this month will be higher than any before: Up to $520 for children under six, and up to $420 for every child six to 17.



http://www.lfpress.com/2015/07/19/it...ederal-history

Vote buying is not a new thing and the way I see it, at least it's going to kids and not to a stupid 2 billion dollar long gun registry.

This has been "in the works" for over a year. The mad scramble is on to beat the election because the government knows it will be quickly cancelled (Mulcair and Trudeau are on record) in the event one of them wins this upcoming election.

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

The child tax benefit isn't welfare. It's not taxed.

My tax returns and this disagree:

"The UCCB was introduced in 2006 as a taxable benefit designed to help Canadian families, as they try to balance work and family life, by supporting their child care choices through direct financial support.

On January 1, 2015, the UCCB was expanded to include a new benefit for children aged 6 through 17, and the payments that parents receive for children under the age of 6 were increased."

http://www.cra-arc.gc.ca/uccb/

Exactly at least it isn't some more gas plant fiasco's costing billions sitting idle rotting to the ground. Good on the Conservatives well done !

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.

Quote:

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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 news to tax more out of them, well I'm good with that. They are returning money to working families.

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Bang on terrym. Couldn't agree more. However some seem to prefer rescinding any and all breaks give to us working stiffs asap. Raise taxes asap, tax food, fuel and pretty much any daily necessities we require, aka "carbon tax ". Go figure??!!! I give up.

Quote:

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Originally Posted by trimmer21

This has been "in the works" for over a year. The mad scramble is on to beat the election because the government knows it will be quickly cancelled (Mulcair and Trudeau are on record) in the event one of them wins this upcoming election.

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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".