Alberta
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.
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.
Alberta
Chris Scott and Rebecca Ingram attempting Class Action Lawsuit against Province for COVID restrictions
From Rath & Company
Business Class Action Update – October 1, 2021
The Certification Hearing scheduled with Justice Feasby will be available for online viewing. Below are the details you need to join the session:
Date and Time:
- October 2 and 3, 2024, at 10:00 AM (Mountain Time, UTC-06:00)
Join Online:
- Webex Link: https://albertacourts.webex.com/meet/virtual.courtroom16
- Webinar Number: 265 095 912
- Video address: [email protected]
- Webinar Password: COURT10022024 (or use the numeric code 26878100 when dialing in)
Join by Phone:
- Dial-In Number: +1-780-851-3573 (Canada Toll – Edmonton)
- Access Code: 277 254 26969
PLEASE NOTE – Recording or rebroadcasting of this hearing is strictly prohibited.
Documents related to this matter that have been filed to date are available for viewing online – see links BELOW.
We encourage all interested parties to observe the proceedings.
Alberta
Danielle Smith delivers on promise to protect gender-confused children in Alberta
From LifeSiteNews
The proposed legislation is the first of its kind in Canada and may set a precedent other provinces will follow.
Alberta Premier Danielle Smith has finally unveiled the promised legislation restricting sex-change surgeries and puberty blockers for minors. The legislation will include:
- Licensed doctors are prohibited from performing sex change surgeries on youth under 18 in Alberta.
- Puberty blockers and cross-sex hormones will be prohibited for minors under the age of 16 unless the minors have already begun taking those drugs.
- Those “born biologically male” (that is, males) will be prohibited from competing against women and girls in competitive sports.
- Parental opt-in will be required for “each instance” a teacher wishes to discuss gender identity, sexual orientation, or human sexuality.
- Parental notification is required for “socially transitioning” a student — that is, changing a student’s given name or pronouns. 16- and 17-year-olds are still allowed to decide to change their name or pronouns in school, but parents must be notified.
Premier Smith detailed her plans in a long video posted to X, noting that “In less than a month, our UCP government will introduce critical legislation to ensure that children wait until adulthood before making decisions to physically alter their bodies for gender transition. We will also strengthen parental rights within our education system regarding this issue and ensure that women and girls can compete in female-only sports divisions.”
In less than a month, our UCP government will introduce critical legislation to ensure that children wait until adulthood before making decisions to physically alter their bodies for gender transition. We will also strengthen parental rights within our education system regarding… pic.twitter.com/tamjNDzcex
— Danielle Smith (@ABDanielleSmith) October 1, 2024
This news is incredibly significant for several reasons. Most important, it is a Canadian first. Other provinces have passed parental rights policies and made parental notification for “social transitioning” mandatory, but none have yet gone so far as to restrict sex-change surgeries or puberty blockers. In the time since Smith announced her plan to propose this legislation, the UK’s Labour Government and the high court has upheld the UK’s ban on puberty blockers, with the National Health Service condemning the practice and firmly rebutting the idea that such legislation causes suicidal ideation in trans-identified youth.
Smith also has shown willingness to actually push back against the disgusting accusations that immediately came her way. When Marci Ien, the MP for Toronto Centre and Minister for Women and Gender Equality and Youth, claimed that Smith was “targeting trans youth” and that she would be “hurting” kids, Smith posted an article from the National Post titled “‘How will I come back from this?’: Detransitioners abandoned by medical and trans communities” and subtitled “They were irreversibly altered by mastectomies, hormone therapies when they were teens. What happens when they want their bodies back?”
“Do you mean children going through this, Marci Ien?” Smith asked. That is precisely the right response — pointing out that it is trans activists and their political enablers who pose a danger to the bodies of gender dysphoric children. It is also interesting to note that Smith used the phrase “gender reassignment surgery” in her posts and video rather than the trans-activist-approved “gender affirmation surgery,” which most media outlets and LGBT activist politicians use. Considering how carefully Smith and her caucus have approached this issue, that choice of words does not seem like an accident — they have chosen not to use language that implicitly affirms the premises of trans activists.
Not all of the responses were vitriolic. David Staples of the Edmonton Journal noted that Smith may be leading the way: “How long before all other Canadian provinces adopt similar rules around gender policy as Alberta? No more than 5 years? Many European countries leading the way here, Alberta following a sane and humane path.” Staples is correct. Trans activists have been steadily losing control of the narrative in a number of European countries, and the consensus that sterilizing and medicalizing gender dysphoric children is a medical scandal is growing. Canada has long been a holdout. I suspect history will look kindly on what Danielle Smith is doing here.
-
Brownstone Institute2 days ago
Study Confirms the Truth about Masks and Children
-
Business2 days ago
Some dockworkers earn more than $400,000 a year
-
illegal immigration1 day ago
Cartels, UN, and NGOs Fuel U.S. Border Crisis – A Report from Colombia
-
Alberta1 day ago
Province will not allow liquor sales in Alberta grocery and convenience stores
-
Crime2 days ago
Bukele Defends El Salvador’s Gang Reforms
-
Crime2 days ago
EXCLUSIVE: GOP Rep Demands Answers From FBI Over ‘Misguided’ Crime Stats
-
International2 days ago
Rescue group issues warning to Jews, Americans over potential terrorist threats
-
Economy1 day ago
Federal government should listen to Canadians and trim the bureaucracy