Thursday, September 15, 2011

I get child tax in canada, i heard it was changing? will i get more?

i used to work in 2007, then had my daughter nov 2008. now i hear that it is changing. i didn't work much 2008. does that mean i will get a higher amount of child tax?I get child tax in canada, i heard it was changing? will i get more?Yes, it's possible that you will get a higher amount for your Canada Child Tax Benefit (CCTB). The amount you receive can be reduced based on the amount of income you made. Ie. The more income you report, the less CCTB you will likely receive. Since you didn't work much in 2008 (I assume compared to 2007), good chance you will get more...



%26quot;When do we recalculate your CCTB?

We will recalculate your benefit and send you a Canada Child Tax Benefit Notice showing our revised calculation:



* every July based on the returns that you and your spouse or common-law partner filed for the previous year;

* after each reassessment of either your tax return or your spouse or common-law partner's tax return that affects the calculation of your benefit;

* after a child for whom you receive the CCTB turns 18 (the last payment you will receive will be for the month of his or her birthday); and

* after you tell us about changes to your situation that could affect your benefit%26quot;



You may wish to sign up for 'MyAccount' to get your specific payment information online.



If you wish to get an estimate, use the online calculator (see link below).I get child tax in canada, i heard it was changing? will i get more?Canada taxes children? I heard that they tax a lot of things up there, but this is pretty amazing. What an excellent idea! How much per child do you have to pay?I get child tax in canada, i heard it was changing? will i get more?That is great. I think it would be awesome to have a child tax in the US. That would go a long way to repay our debt since we have so many that are %26quot;child happy%26quot; here. How much do they charge you per kid? I bet like $500 a year per would be a good start...