“Christmas in July”: it was a popular phrase in the summer of 2015. A federal election was nearly upon us and the old Conservative government had decided to increase our child benefits. The increase in the benefits was paid out on July 20, 2015 and was retroactive to January 2015 so those of us with… Read More Got Kids?…Then Your Gov’t Cheque is in the Mail…The Sequel!
If you’ve been following the news these past few weeks, you probably know that there are big changes coming to our taxes here in Canada. A middle-class tax cut, no more income splitting, tax increases to the wealthy….what it all means to your family is only the first of many loaded questions I’ve been asked about recently. These loaded questions can… Read More The Family Tax Series: “My New Child Benefits Are How Much??!!”
Canada’s own Alanis Morissette said it best…”And isn’t it ironic…don’t you think?” There is a hidden and cosmic irony that exists in our country, an issue that has been front and center in the news lately and a huge factor in the upcoming election: income splitting. It turns out that parents who divorce can save… Read More Wanna Save Tax Money? Get Divorced.
Dear Toronto-Dominion Bank/TD Canada Trust, It’s getting to the point where the word trust should be forcibly removed from your name. Over the past couple of weeks, as Canadian parents have learned about the increased UCCB payments (including the so-called “Christmas in July” lump-sum payments received this past week), all I’ve seen in my Facebook… Read More An Open Letter to TD Canada Trust
Today will be UCCB payday for most of you parents out there with kids under 18 years-old, so congrats on the cash! However, don’t forget the old saying that if it’s too good to be true then it probably is. In my last couple of posts, I’ve written about the current Gov’t increase in the UCCB and also wrote a more detailed… Read More It’s UCCB Payday!!…Now How Much Are Your Child Benefits REALLY Worth!?
Author’s note: If you followed a link directly to this post, don’t forget to check out the follow-up blog post on income splitting! Due to popular demand (thanks to the 3.5 people who asked for a follow-up!)….I give you a Tax Plan Showdown: Harper’s UCCB increase vs. Trudeau’s reinvention of the way we receive child benefits.… Read More The Politics of Deception: Harper vs. Trudeau, a Tax Plan Showdown!
Author’s note: this blog post talks about the UCCB increase only. For a closer look at more “real world” scenarios on how the Trudeau and Harper tax plans will affect your bottom line, please check out the follow-up post! Full disclosure: sometimes I use catchy blog titles or gimmicky phrases to attract readers to my… Read More Got Kids?…Then Your Gov’t Cheque is in the Mail!
Tax time really is the most wonderful time of the year! While that may sound sarcastic coming from an accountant (and don’t get me wrong, it’s 92% sarcastic), it also means I get a few minutes to catch up with tax clients who I only get to see once per year. I get updates on… Read More Tax time: The Most Wonderful Time of the Year!
Gotta be honest. I’ve never had quite the reader reaction to a blog post like I’ve had to last week’s post on daycare fee increases. Out of around 130,000 parents in Quebec with kids in $7/day daycare, around 2% of them read my post during the past week! Craziness. So thanks for reading and thanks to… Read More The Death of $7/Day Daycare in Quebec: What Do I Do??
So I’ve got good news and bad news. Since you can’t tell me which news you want first (because I wrote this at some point in your past…just think about it), I’m going to decide for you…and my decision is…the good news! Since my last blog post, I’ve become a Daddy for the 2nd time! Harry… Read More The Death of $7/Day Daycare in Quebec.