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Alberta

The Child Benefit You Got was Not an Error

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The Child Benefit You Got was Not an Error

So a lot of people are wondering why money showed up for the Canada Child Benefit (CCB) yesterday (May 20) when they normally don’t qualify.

The CCB “one-time payment” for COVID-19 relief is actually formula driven but it is created by adding $3,600 for each additional child (not $300)… you’ll see in a minute why this is.

Step 1 – Add up the number of children that were under 6 years old in 2018 and multiply by $6,639.00

Step 2 – Add up the number of children that were between 6 and 17 years of age in 2018 and multiply by $5,602.00

This is your normal ANNUAL Canada Child Benefit entitlement before reductions.

However, for your May 2020 payment only, the formula adds $3,600 per child to bring the numbers to $10,239 and $9,202 per child based on age respectively.

If you have less than $31,120 of adjusted household income, you will get the full $300 extra, congrats, no more math for you.

For the rest of you it gets interesting or complicated, depending how you view math.

Any amount of adjusted household income between $31,120 and $67,426 causes your ANNUAL entitled CCB to be reduced by the following:

  • 7% of the amount of household income if you have 1 child
  • 13.5% of the amount of household income if you have 2 children
  • 19% of the amount of household income if you have 3 children
  • 23% of the amount of household income if you have 4 children or more

This is called the “first reduction”.  The maximum amount of household income subject to the first reduction formula is $36,306 more than the base $31,120 (meaning an income of $65,976)

Those of you over this number, you are not done yet.

Any amount of adjusted household income over $67,426 causes your ANNUAL entitled CCB to be reduced by the following:

  • 3.2% of the amount of household income if you have 1 child
  • 5.7% of the amount of household income if you have 2 children
  • 8% of the amount of household income if you have 3 children
  • 9.5% of the amount of household income if you have 4 children or more

This is called the “second reduction”.  There is no maximum amount of household income subject to the second reduction formula.  You keep calculating until you hit zero.

For example.   If you have one school-aged child in 2018, and your adjusted household income is $100,000 the formula would be this:

NORMAL MONTHLY BENEFIT:

  • First reduction: 67,426-31,120 = $36,306 x 7% = $2,541.42
  • Second reduction: 100,000-67,426 = $32,574 x 3.2% = $1,042.37
  • 1 child: $5,602
  • $5,602.00 minus $2,541.42 = $3,060.58 minus $1,042.37 = $2,018.21
  • $2,978.21 divided by 12 = $168.18/month CCB as a Normal Benefit

COVID19 MAY 2020 BENEFIT:

  • The first two reduction steps are the same but that 1 child is $3,600 more
  • 1 child: $9,202
  • $9,202.00 minus $2,541.42 = $6,660.58 minus $1,042.37 = $5,618.21
  • $5,618.21 divided by 12 = $468.18/month CCB as a one-time Benefit  (an extra $300 like promised)

So yes… an extra $300 per child for those already getting the benefit already… but for those that were not getting it before, but filed in 2018… and had an eligible child… the formula is recalculated with the $3,600 ($300 per month) change, and so many more households in Canada will be seeing some sort of amount.

For example, the lowest amount possible to collect would be with one school-aged child ($9,202 formula).

  • Households that make up to $163,069 will receive the full $300 for this child.
  • Households between $163,069 and $275,569 will receive less than $300 on a sliding scale from the Second reduction.
  • Households over $275,569 in this scenario would receive zero.

So almost every household with eligible children in Canada will see something coming their way for the May benefit to help with the extra costs with no schools or dayhomes open.

Sincerely,
Your Friendly Neighbourhood Tax Nerds

CGL Strategic Business & Tax Advisors

 

 

 

 

 

CV of Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr can be found here.

 

CEO | Director CGL Tax Professional Corporation With the Income Tax Act always by his side on his smart-phone, Cory has taken tax-nerd to a whole other level. His background in strategic planning, tax-efficient corporate reorganizations, business management, and financial planning bring a well-rounded approach to assist private corporations and their owners increase their wealth through the strategies that work best for them. An entrepreneur himself, Cory started CGL with the idea that he wanted to help clients adapt to the ever-changing tax and economic environment and increase their wealth through optimizing the use of tax legislation coupled with strategic business planning and financial analysis. His relaxed blue-collar approach in a traditionally white-collar industry can raise a few eyebrows, but in his own words: “People don’t pay me for my looks. My modeling career ended at birth.” More info: https://CGLtax.ca/Litzenberger-Cory.html

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Alberta

Maxime Bernier says it’s ‘astounding’ Alberta is ‘pushing’ COVID boosters, tells Danielle Smith to stop it

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From LifeSiteNews

By Anthony Murdoch

The People’s Party of Canada leader tells the Alberta government: ‘It’s over! Get over it!’

People’s Party of Canada (PPC) leader Maxime Bernier said Alberta Premier Danielle Smith should tell provincial health bureaucrats to “back off” and stop “pushing” the mRNA COVID boosters on “anyone,” considering a recent announcement from health officials recommending yet more COVID shots.

“I find it astounding that Alberta public health bureaucrats are still pushing the mRNA boosters on anyone, and especially on children who have never been at risk, almost two years after almost all other pandemic measures have been ended,” Bernier told LifeSiteNews.

“Danielle Smith’s government should tell its bureaucrats to back off and stop stupidly feeding a needless sense of fear surrounding the virus that lingers among certain groups of society. It’s over! Get over it!”

Earlier this week, officials from Alberta Health Services (AHS), whose chief medical officer throughout the COVID crisis, Dr. Deena Hinshaw, was fired by Smith in 2022, updated its COVID booster recommendations to every “three months” starting at babies only six months old.

“Starting April 15, 2024, select groups of Albertans at high risk of severe outcomes from COVID-19 will be eligible for an additional dose,” the AHS noted on its website.

AHS health officials still assert that all “vaccines are safe, effective and save lives,” and that one can get a COVID shot at the same time as a flu vaccine.

On April 16, Bernier commented on the AHS’s new COVID jab guideline changes on X, in which he asked, “What’s going on in Alberta with their “conservative” government?

Bernier, who was a firm opponent of both the COVID shots and mandates, told LifeSiteNews that AHS’s recommendations are puzzling, given “more and more scientific evidence is emerging of dangerous side effects when injecting from these experimental substances.”

“Even though these are only recommendations, and nothing is mandated, this ‘guidance’ by government agencies influences people’s decisions,” Bernier said.

Those under 18 still need written or verbal consent from their parents to get the shot.

AHS is recommending booster jabs for seniors, healthcare workers as well as those with underlying medical conditions. They also recommend that First Nations people and “members of racialized and other equity-denied communities,” as well as pregnant women get the shots as well.

The COVID shots were heavily promoted by the federal government as well as all provincial governments in Canada, with the Alberta government under former Premier Jason Kenney being no exception.

The mRNA shots themselves have been linked to a multitude of negative and often severe side effects in children.

Danielle Smith took over from Kenney as leader of the United Conservative Party (UCP) on October 11, 2022, after winning the leadership. Kenney was ousted due to low approval ratings and for reneging on promises not to lock Alberta down as well as enacting a vaccine passport. Smith was opposed to COVID jab mandates.

Bernier: It’s ‘deplorable’ some provinces still mandate COVID shot for Heathcare workers

While Alberta does not mandate the COVID shots for healthcare workers anymore, British Columbia still does as well as some health regions in Ontario, a fact that Bernier called “deplorable.”

“I find it deplorable that nurses, doctors and other healthcare workers in B.C. and Ontario still have to be vaccinated to work in hospitals and that thousands of them have not been reintegrated,” Bernier told LifeSiteNews.

“The authoritarian covid measures adopted by all governments have been traumatic enough for millions of Canadians. All of them should be lifted.”

Last year, LifeSiteNews reported on how the details of the Canadian federal government’s COVID-19 vaccine contract with Pfizer for millions of doses of the mRNA-based experimental shots were recently disclosed after being hidden for over three years.

The contract with Pfizer shows the government agreed to accept the unknown long-term safety and efficacy of the shots. The details of the Pfizer contract do not disclose how much the government spent on the jabs.

A bill introduced by Conservative Party leader Pierre Poilievre that would have given Canadians back their “bodily autonomy” by banning future jab mandates was voted down last year after Trudeau’s Liberals and other parties rejected it.

Adverse effects from the first round of COVID shots have resulted in a growing number of Canadians filing for financial compensation over injuries from the jabs via the federal Vaccine Injury Program (VISP).

VISP has already paid well over $11 million to those injured by COVID injections.

Earlier this year, LifeSiteNews reported on how officials from Health Canada have admitted that there is “residual plasmid DNA” in the COVID shots after a Conservative MP asked the agency through an official information request if the DNA fragments were in the shots.

As for Bernier, earlier this month he called out Poilievre for dodging a question regarding Canada’s participation in the United Nations’ pro-abortion Paris Climate Agreement.

Throughout most of the COVID crisis, Canadians from coast to coast were faced with COVID mandates, including jab dictates, put in place by both the provincial and federal governments.

After much pushback, thanks to the Freedom Convoy, most provincial mandates were eliminated by the summer of 2022.

There are currently multiple ongoing class-action lawsuits filed by Canadians adversely affected by COVID mandates.

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Alberta

Canada’s advantage as the world’s demand for plastic continues to grow

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From the Canadian Energy Centre

By Will Gibson

‘The demand for plastics reflects how essential they are in our lives’

From the clothes on your back to the containers for household products to the pipes and insulation in your home, plastics are interwoven into the fabric of day-to-day life for most Canadians.

And that reliance is projected to grow both in Canada and around the world in the next three decades

The Global Plastics Outlook, published by the Paris-based Organization for Economic Co-operation and Development (OECD), forecasts the use of plastics globally will nearly triple by 2060, driven by economic and population growth.  

The use of plastics is projected to double in OECD countries like Canada, the United States and European nations, but the largest increases will take place in Asia and Africa. 

“The demand for plastics reflects how essential they are in our lives, whether it is packaging, textiles, building materials or medical equipment,” says Christa Seaman, vice-president, plastics with the Chemical Industry Association of Canada (CIAC), which represents Canada’s plastics producers.  

She says as countries look to meet climate and sustainability goals, demand for plastic will grow. 

“Plastics in the market today demonstrate their value to our society. Plastics are used to make critical components for solar panels and wind turbines. But they also can play a role in reducing weight in transportation or in ensuring goods that are transported have less weight in their packaging or in their products.” 

Canada produces about $35 billion worth of plastic resin and plastic products per year, or over five per cent of Canadian manufacturing sales, according to a 2019 report published by the federal government.  

Seaman says Canadian plastic producers have competitive advantages that position them to grow as demand rises at home and abroad. In Alberta, a key opportunity is the abundant supply of natural gas used to make plastic resin.  

“As industry and consumer expectations shift for production to reduce emissions, Canada, and particularly Alberta, are extremely well placed to meet increased demand thanks to its supply of low-carbon feedstock. Going forward, production with less emissions is going to be important for companies,” Seaman says.  

“You can see that with Dow Chemical’s decision to spend $8.8 billion on a net zero facility in Alberta.” 

While modern life would not be possible without plastics, the CIAC says there needs to be better post-use management of plastic products including advanced recycling, or a so-called “circular economy” where plastics are seen as a resource or feedstock for new products, not a waste. 

Some companies have already started making significant investments to generate recyclable plastics.  

For example, Inter Pipeline Ltd.’s $4.3 billion Heartland Petrochemical Complex near Edmonton started operating in 2023. It produces a recyclable plastic called polypropylene from propane, with 65 per cent lower emissions than the global average thanks to the facility’s integrated design. 

Achieving a circular economy – where 90 per cent of post-consumer plastic waste is diverted or recycled – would benefit Canada’s economy, according to the CIAC.  

Deloitte study, commissioned by Environment & Climate Change Canada, estimated diverting or reusing 90 per cent of post-consumer plastic waste by 2030 will save $500 million annually while creating 42,000 direct and indirect jobs. It would also cut Canada’s annual CO2 emissions by 1.8 megatonnes.  

Right now, about 85 per cent of plastics end up in Canada’s landfills. To reach the 90 per cent diversion rate, Seaman says Canada must improve its infrastructure to collect and process the plastic waste currently being landfilled. 

But she also says the industry rather than municipalities need to take responsibility for recycling plastic waste.  

“This concept is referred to as extended producer responsibility. Municipalities have the responsibility for managing recycling within a waste management system. Given the competing costs and priorities, they don’t have the incentive to invest into recycling infrastructure when landfill space was the most cost-effective solution for them,” she says.  

“Putting that responsibility on the producers who put the products on the market makes the most sense…The industry is adapting, and we hope government policy will recognize this opportunity for Canada to meet our climate goals while growing our economy.” 

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