spooks_98 said:
What Mr. Harper failed to mention is that the $100 you receive per month is taxable therefore allowing the government to collect more revenues. For many people, it will bring them into another tax bracket therefore requiring them to pay more at the end of the year. This benefit also affects what you receive in Child Tax Benefit payments as that too is directly related to your income.
As far as taxation goes... Yes it will be taxable, but if this increases your income so that you have income falling into the next tax bracket only the additional income is taxed at a higher rate.
The following are the federal taxation brackets:
15.25% on the first $36,378 of taxable income;
22% on the next $36,378 of taxable income;
26% on the next $45,529 of taxable income; and
29% of taxable income over $118,285.
For example: Your income is 36,378 per year without UCCB. And lets say that you have 1 child under 6. Now your income will increase by $1200 per year. But that does not mean that you will be taxed 22% on your entire earnings of $37, 578. You will still be taxed 15.25% on the $36, 378, and then the additional income exciding the first income bracket will then be taxed at 22% (the $1,200).

Is this confussing or what??

Also good to note that everyone will pay more at the end of the year, because we have more income. So remember to save either 15.25%-29% of the monthly cheque for our government remittance next April!