$100 monthly childcare cheques

[domarloc]

Does everyone know that you are taxed on these at the end of the year. I never gave it a thought and was getting ready to do my taxes when low and behold I opened my mailbox today to find a T4 slip for these cheques. So for anyone who recieves these cheques and may be ready to do your taxes better hold off because you they are in the process of sending these T4's out.

[alaska]

Yea they are adding it as income... bummer eh?

"This benefit is taxable in the hands of the lower-income spouse."

http://www.universalchildcare.ca/en/support/intro.shtml

[domarloc]

They can't just give you something.....they got to have their share of it! It never even crossed my mind until I got the T4.

[Mandi]

Originally Posted by domarloc

They can't just give you something.....they got to have their share of it! It never even crossed my mind until I got the T4.

Child tax benefit is free.
I didn't know it was taxable though, (heck i didn't even know about it until I recieved the first cheque.) so I guess I have to pay back. But still, It's no less than 1 k a year that they're giving you ....

[karen]

The government informed the public that the Universal Child Care Benefit would be taxable, but if you are paying for childcare/daycare, you have that expense to offset things.

[sjchickie]

My childcare is paid by student loans...anyone know if I can still claim that on income tax??? Like ill be the one paying it back for 20 years....So i should b e able to claim it right and if so do i need receipts????

[tred816]

If you have to report the student loan as income, you can still claim your normal tax write offs as usual. Also, in the future when you are paying back your student loans, you can use the interest paid as a write off as well. (don't quote me on this as things change frequently, but I'm pretty certain this is how it works).

Yes, you do need receipts. You could chance it, because they don't have to be sent in, but if you are auditted, they will expect you to have a copy of the receipt in your records.

[Luvz_ya]

don't you only get it until the child is 5? i think they should just add it on to the family allowance everything is so much more expensive now with school etc. you should be able to get it until they are 18

[The_Dave]

OH boy, just another hand out. I glad my taxes are helping you all. Your Welcome.

[kr73]

you're

[Mandi]

I think he meant I'm as well .

Yeah thanks The_Dave. Why on earth do you not run for council instead of griping on a forum about how you hate how 'your' tax dollars are spent.

[user5624]

The_Dave, I can't say thank you to you because the last I checked, I also paid a darn good amount into taxes. You'll get over it

[karen]

you get the benefit until the child turns 6. If you are a working parent, I'm sure the extra $100 does come in handy to put towards child care - I'm guessing your paying at least $125/week if your child is not in school. That adds up very quickly!
As far as being a nhand out? Not too sure about that one, but I would also have somewhat of a bias opinion as i have a toddlker at home. But i definately agree with nbchick, in saying that I too pay into taxes!

[ChelorSean]

We are a working low income family and yes that money helps us out and we pay good dam taxes too so it can help other people like us

[habsfan10]

Yes you do have to claim it as income, BUT they do not take this amount into consideration when applying for your GST or Family Allowance. This is stated in the first page of your booklet for the taxes this year. Yes you add it on, but they deduct it when calulating GST and Family Allowance. Also I thought you would get the 100.00 for the year July to July, but if your child turns 6 in Feb-Mar-Apr so on, your cheque stops that month--Bummer!!

[Tara]

Quit griping "dave". I pay enough in taxes, I don't get a family allowance or HST. This extra money helps us out with daycare which runs us 1000 a month. The extra 200 a month that I'll have to claim as income anyway gives us a bit of a break.

[notfarnow]

Originally Posted by nbchick

The_Dave, I can't say thank you to you because the last I checked, I also paid a darn good amount into taxes. You'll get over it

Ya but The Dave must be different. He must not use ANYTHING that our taxes pay for. Roads, medicare, EI, subsidized energy or utilities ...

[karen]

The Dave,
you are in the wrong thread, these women are going to eat you ALIVE! LOL
Speaking for myself, money (what government benefits I'm entitled to) and my children can be a very sensitive topic of discussion. I'm a stay at home mom by choice! I chose to stay at home and raise my second child while supplementing my household income by caring for other children instead of a 9-5 job with medical benefits. I have a less stressful job (less pay and no benefits) and get to raise my children and help other working parents in the process.

[Mandi]

Originally Posted by karen

The Dave,
you are in the wrong thread, these women are going to eat you ALIVE! LOL
Speaking for myself, money (what government benefits I'm entitled to) and my children can be a very sensitive topic of discussion. I'm a stay at home mom by choice! I chose to stay at home and raise my second child while supplementing my household income by caring for other children instead of a 9-5 job with medical benefits. I have a less stressful job (less pay and no benefits) and get to raise my children and help other working parents in the process.

Lol I don't like when people try to make me feel bad that I'm entitled to something I never asked to recieve.

[sjchickie]

HERE HERE MANDY...Dave must not have children us his own and has no idea what it costs to raise them. I didnt ask for the 100$ but you better darn bet im gonna take it. I think it was very smart of the government to give it to us people need an extra 100$ a month. Mine goes straight to my childs mouth, back, or childcare So the dave are you single?????haha If so dont try to pick up women from isaintjohn they will have a hit out on ya after that post lol Nah im only kidding....