Dear Members i were searching some information regarding child upkeep allowance in Canada, i got the following information, it may help the members of the forum:-
Canada Child Tax Benefit
Number of Children Basic
CCTB NCBS Total Monthly Benefit
1st child $1255 $1945 $3200 $266.67
2nd child $1255 $1720 $2975 $247.92
3rd & each additional child $1343 $1637 $2980 $248.33
* Families with net incomes below $20,435 will get the maximum CCTB - including the full NCBS and the supplement for the third and each additional child - of:
o $266.67 per month ($3,200 per year) for the first child,
o $247.92 per month ($2,975 per year) for the second child, and
o $248.33 per month ($2,980 per year) for all other children in the family, along with any supplement for children under 7 that is applicable.
* Families with net incomes between $20,435 and $36,378 will get the maximum basic CTB, the supplement for the third and each additional child, and a partial NCBS, along with any supplement for children under 7 that is applicable. Families with four or more children will also be entitled to a partial NCBS if their income is just above $36,378.
* One and two-child families with net incomes between $36,378 and approximately $99,128 will receive partial benefits. Larger families may also be entitled to a partial CCTB if their income is above $99,128.
* The annual Children's Special Allowances amount will increase from $2,949.96 to $3,200.04. The monthly amount per child will increase from $245.83 to $266.67 in July 2006.
This is nothing new. Almost every European Country has the same policy, (some less and some more). But the question is this, where does this money come from. Do you know? TAX .
Tax, man. This is the essence of paying Tax.
People complain about Taxes, but want a lot to be done for them.
(I am not talking here about those who pay taxes (Good Citizens, Employees and Employers), but those who tend not to pay taxes but want to reap the benefits).
"Government of the people, by the people, for the people"!!!!