The Child Benefit You Got was Not an Error
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.
Your Friendly Neighbourhood Tax Nerds
CGL Strategic Business & Tax Advisors
CV of Cory G. Litzenberger, CPA, CMA, CFP, C.Mgr can be found here.
McDavid enters history books, Skinner shines as Oilers top Kings 2-0
Edmonton Oilers’ Connor McDavid (97) celebrates his 300th career goal, against the Los Angeles Kings during third period NHL action in Edmonton on Thursday March 30, 2023.THE CANADIAN PRESS/Jason Franson
By Shane Jones in Edmonton
Connor McDavid scored his 300th career goal, Stuart Skinner made 43 saves for Edmonton’s first shutout of the season and the Oilers defeated the Los Angeles Kings 2-0 on Thursday.
McDavid became the first player in NHL history to have five different 10-game point streaks in a single season, breaking Wayne Gretzky’s record of four in the 1986-87 season.
McDavid also became the fifth player in league history to reach 300 goals and 500 assists before playing 600 career games. Gretzky, Mario Lemieux, Peter Statsny and Bryan Trottier are the others.
Evander Kane scored the other for Edmonton (44-23-9), which has won three in a row and gone 12-2-1 in March.
The Oilers also moved ahead of the Kings for second place in the Pacific Division by one point.
Joonas Korpisalo made 35 saves for Los Angeles (43-22-10), which has lost two in a row on the heels on a franchise-high 12-game points streak.
Kane opened the scoring with just 52 seconds left in the first period. Leon Draisaitl made a beautiful behind-the-back spin pass to Kane, who was able to send a one-timer past Korpisalo for his 15th of the season.
Draisaitl picked up his 70th assist and extended his point scoring streak to 11 games on the play.
Skinner was later able to keep the Kings off the board midway through the second period, making a big glove save on Adrian Kempe’s breakaway backhand shot.
Edmonton outshot Los Angeles 27-24 through 40 minutes after a scoreless second period.
McDavid made it 2-0 3:53 into the third period when he picked off a pass and sped away on a short-handed breakaway to score his 61st goal of the season. It was also his fourth short-handed goal of the campaign.
Skinner made huge saves on Vladislav Gavrikov and Viktor Arvidsson in the dying minutes and collected his 10th win in the month of March to set a franchise record for wins in a single month.
The Kings entered the game with a 9-1-2 record in March and the league’s best point percentage for the month, while Edmonton was second. Edmonton leads the NHL with 4.71 goals per game in March, while the Kings are fourth at 4.00. A major difference is that the Kings also had the lowest goals against per game at 2.08 during that span … Edmonton had also scored four or more goals in 11 of its 14 games this month and its power play has operated at 42.3 per cent during their 7-0-1 run coming into the contest. … Edmonton became the first team to have two players record 70 assists in the same season since the 2008-2009 Pittsburgh Penguins and just the 21st team in NHL history to do so … The Kings were without Gabriel Vilardi (upper body), while the Oilers were missing Ryan Murray (back), and Ryan McLeod (upper body).
The Oilers play host to the Anaheim Ducks on Saturday.
The Kings play the third game of a four-game road trip in Seattle against the Kraken on Saturday.
This report by The Canadian Press was first published March 30, 2023.
Appropriate for Alberta premier to discuss COVID case with accused, deputy says
Kaycee Madu shakes hand with Alberta Premier Danielle Smith after he was sworn into cabinet in Edmonton, Monday, Oct. 24, 2022. Madu says it was appropriate for his boss to phone up a pastor charged over pandemic-rule protests and discuss the accused’s upcoming criminal trial. THE CANADIAN PRESS/Jason Franson
By Dean Bennett in Edmonton
Alberta’s deputy premier says it was appropriate for Premier Danielle Smith to phone up a pastor and discuss his upcoming criminal trial on charges stemming from protests over pandemic restrictions.
Kaycee Madu, who is also the province’s former justice minister, said Thursday that Smith is working to make Alberta better, adding that she is free to contact whomever she wants in pursuing that mission.
Opposition NDP Leader Rachel Notley labelled Madu’s comments a dangerous “la la land” rationale and the start of a slippery slope toward a “tinpot dictatorship.”
Smith faces renewed criticism over a leaked phone conservation she had with Calgary pastor Artur Pawlowski in January about his looming criminal trial for his role at a protest over COVID-19 health measures that blocked the United States-Canada border-crossing at Coutts, Alta., in January 2022.
Audio of the call was obtained by the Opposition NDP and played for reporters Wednesday.
In it, Smith is heard commiserating with Pawlowski over her government’s trial tactics, offering to make inquiries on his behalf and saying the Crown is pursuing politically motivated charges against him.
Legal and political observers say the call is a profound breach of the firewall separating politicians from those who decide who gets prosecuted.
Smith has long been critical of COVID-19 masking, gathering and vaccine mandate rules, questioning if they were needed to fight the pandemic. She has called them intolerable violations of personal freedoms.
Madu, when asked by reporters whether it was proper for Smith to have called Pawlowski, said: “COVID policies were divisive for the people of Alberta. I am looking to see us pass that particular era and focus on the people’s priorities.”
He said Smith’s focus as premier has been on things that matter to Albertans, such as affordability, economic growth and taking care of the vulnerable.
“In the course of that particular work, the premier is free to speak with anyone that she wishes to speak with.”
Notley said those remarks, coupled with Smith’s words on the phone call, put Alberta on a slippery path to the politicization of its justice system. She called for an expedited independent inquiry into the matter before the writ is dropped next month for a scheduled provincial election.
“We’re on the verge of a tinpot dictatorship,” Notley said.
“You start ripping apart the fundamental tenets of democracy, you move into dictatorship. It’s that simple.”
Madu moved out of the justice portfolio under former premier Jason Kenney after a third-party report found he tried to interfere in the administration of justice by calling up Edmonton’s police chief to complain about a traffic ticket.
Madu was given a new portfolio under Kenney, then promoted to deputy premier when Smith won the party leadership and became premier in October.
Smith has not spoken to reporters since the audio was released, but in a statement Wednesday reiterated she has acted strictly within the parameters of advice from justice officials and has not spoken directly to Crown prosecutors.
“There is no need for further investigation of this matter,” Smith said in a statement Thursday.
Notley said the call is dramatic and disturbing proof of Smith breaching the judicial firewall.
“You cannot have unfettered power in the office of the premier. There are limits,” Notley said. “Our Constitution for as long as we’ve been a country has said that those limits are defined by an independent judicial system.”
Calgary-based pollster Janet Brown said the controversy will reanimate voter concerns with Smith.
“Why was she even taking a call from someone facing a criminal offence and talking about their criminal charges?” said Brown in an interview.
“This will give undecided voters pause. They will be wondering about her judgment, and her judgment is her Achilles heel.”
Political scientist Duane Bratt said Smith is exerting pressure on the justice system by constantly questioning justice officials about why they are pursuing COVID-19 cases.
“Even if this isn’t about talking to Crown prosecutors, this is clear pressure on (Justice Minister Tyler) Shandro,” said Bratt, with Mount Royal University in Calgary.
Constitutional law professor Eric Adams, with the University of Alberta, said the call threatens public trust in the courts.
“You expose the administration of justice to the reasonable concern of the public that some people have access to the premier and preferential treatment and some people don’t,” said Adams.
“Our system can’t function on that basis.”
This report by The Canadian Press was first published March 30, 2023.
Stand for the ‘common person’ Pierre Poilievre tells faithful gathered in Ottawa
City of Red Deer puts out call to private owners interested in selling or leasing property for integrated homeless shelter
Hockey Tolerance Is A Two-Way Street, Not A One-Way Road
Statements from the family members of Constables Travis Jordan and Brett Ryan
COVID-192 days ago
Jordan Peterson explains why Canadians should pay attention to the National Citizens Inquiry.
Alberta2 days ago
Three Hills RCMP charge man with sexual assault of four victims at Prairie College in Three Hills. Looking for more victims
Business17 hours ago
CNN preaches patience as ratings tank during turnaround
Alberta9 hours ago
UCP candidate, slammed for comments on pornography in schools, quits
Energy2 days ago
US to auction Gulf of Mexico oil under climate compromise
conflict2 days ago
Russia stops sharing missile test info with US, opens drills
Atlantic16 hours ago
Nova Scotia mass shooting inquiry identifies many RCMP failings, recommends overhaul
RCMP9 hours ago
Concerns raised over recommendation to phaseout RCMP police training Depot in Regina