July 20, 2015
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Beginning today (July 20), families across Huron-Bruce with children under age 18 will receive the increased and expanded Universal Child Care Benefit (UCCB).
Huron-Bruce MP Ben Lobb praised the UCCB: "Increasing benefits, while continuing to keep taxes low for families, means that parents have more to invest in their children's futures. It doesn't matter how much you make or how you choose to care for your kids."
Parents will now receive almost $2,000 per year for each child under age six, and a brand-new $720 every year for each child aged six through 17. The increased payments will be delivered starting today, retroactive to Jan.1, 2015. Parents will receive lump-sum back payments of about $500 for each child under the age of 18. Thereafter, monthly payments will continue at $160 per child under six and $60 for each child aged six through 17.
These amounts are in addition to any payments parents currently receive under the Child Tax Benefit, which remains unchanged. If you have a child who has never received the UCCB, you must apply.
In addition to the boosted UCCB, the Family Tax Cut allows couples with kids to split their incomes to lower their tax bill by as much as $2,000, says Lobb. "We are also increasing the daycare tax credit by another $1,000, and doubling the Children's Fitness Tax Credit to $1,000."
To apply or if you did not receive your UCCB payment, visit www.Canada.ca/TaxSavings to apply.
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