TOTALLY DO NOT UNDERSTAND THIS Universal Child Care Benefit (UCCB) .... A FAMILY MEMBER MAKES A CHOICE..... WELL IF THEY CHOOSE TO BE A STAY AT HOME FAMILY MEMBER THEN THEY SHOULD GET COMPENSATED FOR RAISING THEIR OWN CHILDREN
A single income earner should be allowed to deduct child care right off his/her taxes for a family member raising their own child/children. At minimum $500/per month, per child/$6000 per year. As if they were getting a receipt from a Dayhome. This should be written in the Income Tax Act. In my opinion a child being raised by a family member (if they can), is very important to the child, as well as to the family member that has the opportunity to raise them.
In Red Deer Dayhomes charge approximately $650-$900 per month/per child in Red Deer .
In regards to the Canadian Income Tax Return
Sure the Basic Spousal Amount is $10,527.00 but that only equates to 15% of
Total Federal non-refundable tax credits as written on line 28, which equals to $1579.05.
This UCCB money still has to be claimed on a persons tax return thus lowering the Basic Spousal allowable Amount of $10,527 -UCCB $1200 (per child) to $9327 which equates to 15% which is only $1399.05 non-federal tax credit on their tax return.
This is a quote from “Lowering Taxes for Families”
“Universal Child Care Benefit...Being a parent is about making choices. Our Conservative Government believes that, when it comes to children, parents know best. That’s why we created the Universal Child Care Benefit (UCCB). The UCCB provides families with $100 per month for each child under the age of 6. That’s $1200 per child per month, per year.
The UCCB allows parents to decide what is best for their kids. Rather than try to apply a “one-size-fits-all” approach, the UCCB lets parents choose Whether that choice is daycare, staying with a relative, or having Mom or Dad stay home, the decision rests with parents, as it should.”
In my opinion, a family member is not given enough value for raising their own children.