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Thread: Canada Child Benefit
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Thu, Mar 24th, 2016, 09:01 AM #1Smart Canuck
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For those with children has anyone done the Math? According to the online calculator I will get about $120 per month more-which will end next year when my DD turns 18-I best enjoy it while it lasts!
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Thu, Mar 24th, 2016, 09:37 AM #2Moderator
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That's about what I got as well with the online calculator.
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Thu, Mar 24th, 2016, 01:35 PM #3
Looking like around $140 more for me
Played with the calculator to see how much more I could get with more babies! lol
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Thu, Mar 24th, 2016, 01:36 PM #4
Perhaps its time to convince DH its time for number 2
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Thu, Mar 24th, 2016, 08:02 PM #5Canadian Guru
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I need to pull our taxes our and check our net income as it's based on net income, I played with the calculator as well guessing but will pull the actual figures to have a look before I count my chickens before they hatch
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We have so many things that need to get done at home for maintenance and renos so that may be an option to put the $ towards or perhaps mortgage pre-payments
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2019 is the year that we continue to save before we buy!!!
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Thu, Mar 24th, 2016, 09:32 PM #6
Looks like nothing for us, but at least I won't be stuck with a taxable benefit again. The UCTB would have had me pay taxes, thankfully I expected that so increased my RRSP to avoid it.
Friends don't let real friends pay full price.
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