Daycare money for disney trip!!!!!!!!!!!

[NEWEARS2006]

Is put half in an RESP and half into a Disney savings account. It might take a little longer to get back (but you've been four or five times already) to the mouse, but you'll be able to save AND have fun.

This is the best idea. If you dont' start saving for education now it may be too late later. "Sorry Billy, I would love to send you to university but remember that great Disney trip we had, well that was your education fund". If you start investing now (at least half) you will have a nice chunk of cash when your kids want to go to university and won't put in a financial hardship situation. Plus the government will also give you grant money on your deposits which is a minimum of an extra 20%. You can still go to Disney, but you may have to wait a year or two.

Don't look a gifthorse in the mouth (or whatever this saying is). I never got anything for my children (no gst or CTB) so I have no compassion for people that say it is a joke because it doesn't cover the cost of diapers, daycare, etc. My daycare bill was over $11,000 in one year!!!! The $100 per child would have come in handy then. Just be glad the government stepped up and offered something. It may not be much but it is a start. Think of all the mothers who did not get paid maternity leave or any tax credits or benefits.

 

[debbiet1]

For the record I"m one of the mothers that didnt get maternity leave. We're a single income family and say what you will 100.00 a month is a joke for diapers/formula. I wasnt asking for compassion and on that note I'll be leaving this thread!

 

[Hodder]

Have to love our Govt. like 100.00 even buys diapers for little ones let alone anything else. Same as the we're sorry but your husband makes too much money for you to get GST cheques. 1 income, 4 mouths to feed and trust me he doesnt make that much. I'd like to have the officials on the same budget as us *normal* people are on. We dont get to hand in travel expense forms at the end of the month for dinners and everything else under the sun.

The $100 is to help towards the cost of daycare. Not sure why children under 6 only get it as alot of families have kids over 6 in daycare, and not sure if you have to have something to prove your kids in daycare, but something tells me you don't (trying to remember a conversation with a friend and I thought she said she just gets it automatically.) If you aren't using it for daycare then why get it. As for GST...How is it a single person that made the same as me, living at home, was eligible for GST but we weren't because both incomes combined was over the limit...yet we have 2 kids and at the time had daycare expenses, mortgage and so on......breathe in breathe out.

OP I would agree with saving money, or at least 1/2 of it. While I don't agree with the policy you are entitled to the money. Make the best decision for you and your kids.

 

[dsneygirl]

The $100 is for every kid under the age of 6 every month. Regardless of income or if the kids are in daycare. Even SAHMs are eligible.

 

[maddiel]

As for GST...How is it a single person that made the same as me, living at home, was eligible for GST but we weren't because both incomes combined was over the limit...yet we have 2 kids and at the time had daycare expenses, mortgage and so on......breathe in breathe out.

I will never understand that. I got married (17 years ago today!) the year GST credits came into effect and even though I would have been eligible for the complete refund and my husband for a partial refund if we were single, we were eligible for zippo because we got married that year. And I knew so many common-law couples who filed as single and got it. Not fair!

Canadian tax law has quite a few anti-marriage quirks. Oh well - he's still worth it!

M.

 

[Hodder]

As for GST...How is it a single person that made the same as me, living at home, was eligible for GST but we weren't because both incomes combined was over the limit...yet we have 2 kids and at the time had daycare expenses, mortgage and so on......breathe in breathe out.

I will never understand that. I got married (17 years ago today!) the year GST credits came into effect and even though I would have been eligible for the complete refund and my husband for a partial refund if we were single, we were eligible for zippo because we got married that year. And I knew so many common-law couples who filed as single and got it. Not fair!

Canadian tax law has quite a few anti-marriage quirks. Oh well - he's still worth it!

M.

LOL. I wouldn't change my hubby for anything.

With reference to the $100 it is to help w/the cost of child care, not to provide diapers and milk/formula. This may seem harsh but I have been in the situation where we didn't have a pot to pee in or a window to throw it out of so to speak. I don't expect for tax payers to pay for diapers or formula. Unfortunately now days you have to budget for kids, and I don't mean don't have them but realize that hey maybe no vacations, computer in the home and so forth. I remember when our first was little and we had an extra $10 or $20 in the wallet (after making sure we didn't have someone else's wallet)..first thing we did was ask do we need, diapers, wipes, baby food, and so on. Only then did we get to go to a movie or dinner. Oh those were the days....clothe diapers, now there's a story in itself...LOL

 

[nelson84]

What is with the complaining about only getting $100 a month per child 6 and under? How much were we getting before Harper. I will tell you.

$0 per child for day care
7% GST
higher income tax

NOW:

$100 per child for daycare
6% GST
lower income tax
and they raise the amount that is non taxable, what is it on the first 12000 or something like that?

Why complain about free stuff? You should be