2016 budget canada

2016 BUDGET Canada – What you should know

CHANGES EFFECTING PARENTS Canada Child Tax Benefit (CCTB) Starting July 2016 the new Canada Child Tax Benefit will replace the Universal Child Care Benefit (UCCB). Under the UCCB, a parent receives $160/mth for children under 6 and $60/mth for children 6 to 17. UCCB is added to an individual’s income and taxed at each person’s income[…]