牛奶金大增！
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为什么不增反将？您收入坐火箭了？
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How the federal budget will affect families
MoneySense editor Romana King breaks down the numbers
March 25, 2016
Andrew Francis Wallace/Toronto Star/GetStock
This article was originally published at MoneySense.ca.
On Tuesday, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn’t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:
No. 1: The introduction of the Canada Child Benefit
Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”
An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.
The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.”
It adds: “It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”
According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:
Increased Benefits for a Family of Four With $90,000
Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.
Increased Benefits for a Single Parent With One Child and $30,000
Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.
Increased Benefits for a Family of Four With $120,000
Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.
Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit
Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.
These additional child benefits include:
As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you’ll pay less tax.
A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.
According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.
The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.
No. 3: An increase in child disability benefits
“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.
No. 4: The elimination of income splitting for couples with kids
Income splitting for couples with children under age 18 will be eliminated.
While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.
No. 5: No more fitness or arts tax credits for kids
Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.
But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.
No. 6: An investment in childcare
The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.
MoneySense editor Romana King breaks down the numbers
March 25, 2016
Andrew Francis Wallace/Toronto Star/GetStock
This article was originally published at MoneySense.ca.
On Tuesday, Federal Finance Minister Bill Morneau stood up in the House of Commons to table his first federal budget. While the big numbers will grab the biggest headlines (and it doesn’t get much bigger than that $29.4 billion deficit), many families wonder just how this budget will affect them. Here are six key changes that will impact Canadian parents:
No. 1: The introduction of the Canada Child Benefit
Starting in July, the Universal Child Care Benefit (UCCB) and the Canada Child Tax Benefit (CCTB) will be replaced with one non-taxable Canada Child Benefit. The Budget declares that the Canada Child Benefit will be simpler, tax-free, better-targeted and “much more generous.”
An example: Under the current system, families with one child and with annual earnings of $30,000 would receive $4,852, after tax, if their child is under age six, or $3,916 if their child is aged six to 17. Under the Canada Child Benefit, these low-income families could see $6,400 per child under age 6 and up to $5,400 per child per year for children aged six to 17. As such, most Canadian families will see an average increase in child benefits of almost $2,300 starting this year.
The Liberal rationale, as outlined in Budget 2016 is that “Canada’s existing child benefit system is complicated, consisting of a tax-free, income-tested Canada Child Tax Benefit with two components (the base benefit and the National Child Benefit supplement) and a taxable Universal Child Care Benefit received by all families, regardless of income.”
It adds: “It is a system that is both inadequate (it does not provide families with the support they need) and not sufficiently targeted to those who need it most (families with very high incomes receive benefits).”
According to the Liberals, nine out of 10 families will receive more in child benefits than under the current system. Some examples:
Increased Benefits for a Family of Four With $90,000
Fictional couple Aveen and Sarita have two children aged eight and five. Aveen earned $30,000 in 2015, and Sarita earned $60,000. Together, they would have received a total of $3,145 under the current system (for the July 2016 to June 2017 benefit year). In comparison, the Canada Child Benefit program will deliver $5,650 in tax-free payments, a net after-tax increase of $2,505.
Increased Benefits for a Single Parent With One Child and $30,000
Samantha is a single parent with one child aged three. She earned $30,000 in 2015. Samantha would have received $4,852 under the current system (for the July 2016 to June 2017 benefit year). Instead, she will receive $6,400 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,548.
Increased Benefits for a Family of Four With $120,000
Ann and Derek have two children aged seven and four. Derek earned $84,000 and Ann earned $36,000 in 2015. Together, they would have received $1,901 under the current system (for the July 2016 to June 2017 benefit year). They will receive $3,940 in tax-free Canada Child Benefit payments, a net after-tax increase of $2,039.
Increased Benefits for a Family With One Child Eligible for the Child Disability Benefit
Marion and Jacques have one child, aged four, who is eligible for the Child Disability Benefit. Marion earned $40,000 and Jacques earned $20,000 in 2015. Marion and Jacques would have received $5,129 under the current system (for the July 2016 to June 2017 benefit year). Instead, they will receive $7,030 in tax-free Canada Child Benefit payments, a net after-tax increase of $1,901.
These additional child benefits include:
- An increase of $1,607 from the introduction of the Canada Child Benefit
- And an increase of $294 from the change to the Child Disability Benefit.
As previously announced, Budget 2016 confirmed that the middle class income tax bracket would be cut from 22% to 20.5%, starting this year. That means if your taxable income is between $45,282 and $90,563, you’ll pay less tax.
A single Canadian in this tax bracket will see an average tax reduction of $330 every year, while couples will see an average tax reduction of $540 per year.
According to Budget 2016, nearly nine million Canadians will benefit from this tax cut, which took effect Jan. 1, 2016.
The Liberals also made good on their promise to introduce a new 33% tax bracket for people who earn more than $200,000 each year.
No. 3: An increase in child disability benefits
“To recognize the additional costs of caring for a child with a severe disability,” Budget 2016 will continue the Child Disability Benefit but add an additional amount of up to $2,730 for each child who is eligible for the Disability Tax Credit.
No. 4: The elimination of income splitting for couples with kids
Income splitting for couples with children under age 18 will be eliminated.
While not referenced in the Budget document this is in direct reference to the prior Conservative government’s introduction of the Family Tax Credit, which allowed couples to income split and save up to $2,000 in taxes each year.
No. 5: No more fitness or arts tax credits for kids
Currently, families can get a tax credit of $150 and $75 per child through Children’s Fitness and Arts Tax Credits (up to $1,000 and $500 in eligible expenses, respectively). These will be eliminated. The justification for this is an attempt to simplify the tax code and better target support for families with children.
But the elimination isn’t immediate nor retroactive. Instead, expect a 50% reduction of the maximum eligible expenses for the Children’s Fitness and Arts Tax Credits in 2016, and a complete elimination of both credits by 2017.
No. 6: An investment in childcare
The Liberals want to invest $500 million to establish a National Framework on Early Learning and Child Care, starting in 2017 ($100 million of this is earmarked for Indigenous child care and early learning on reserve). This will facilitate how provinces address childcare needs.
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不知道怎么算出来的。看看上面那些数字。
- 注册
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Winners and losers of the 2016 federal budget
Small businesses are among some of the losers in the 2016 federal budget.
By: The Canadian Press, Published on Tue Mar 22 2016
Winner: First Nations. The budget allocates $4.22 billion over five years for improvements, including $2.6 billion for on-reserve education, $1.8 billion for water and waste water infrastructure, $634.8 for child and family services, $969.4 million over five years for education infrastructure and $554.3 million for housing needs.
Winner: Veterans. The disability award for vets will rise to $360,000, retroactive to 2006, while the earnings loss benefit to injured vets will rise to 90 per cent of pre-release salary. The government will reopen nine veterans’ service offices across the country and add a 10th office. The government says this means $5.6 billion more in direct payments to veterans and families over five years.
Winner: Students. Canada student grants will rise to $3,000 from $2,000 for low-income students, to $1,200 from $800 for middle-income students and to $1,800 from $1,200 for part-time students. Total: $1.53 billion over five years.
Winner: Families. The new $10-billion Canada Child Benefit will provide tax-free cheques of as much as $6,400, depending on the family situation.
Winner: Those seeking EI benefits. Rules will be changed to make it easier for new entrants to the job market and for those re-entering the market to qualify for benefits. The wait period for the first EI cheque will drop to one week from two. Benefit periods will be extended by five weeks in areas with the sharpest increases in unemployment.
Richard Lautens / Toronto Star file photo
The new $10-billion Canada Child Benefit will provide tax-free cheques of as much as $6,400, depending on the family situation.
Winner:Infrastructure plans. The document sets aside $11.9 billion for improvements to transit, water and green infrastructure and social infrastructure.
Winner: Arts and Culture. The CBC will get $675 million over five years, with another $550 million for the Canada Council for the Arts.
Winner: Canadian Coast Guard. The Kitsilano search and rescue lifeboat station, closed under the previous government, will reopen as a coast guard base with an expanded environmental response capability: Cost: $23.6 million over five years.
Winner: The environment. A low-carbon economy fund gets $2 billion over two years beginning in 2017-18. Another $1 billion over four years goes to support future clean technology investments, as well as $130 million over five years to support clean technology research and development.
Losers: Small businesses. The government will not proceed with reductions in the small business tax rate promised in the last Conservative budget. They would have dropped the rate from 11 per cent to nine per cent on the first $500,000 of qualifying income as of Jan. 1, 2019. Instead, the rate will fall to 10.5 per cent, and future cuts are being deferred.
Losers: National Defence. Billions in planned equipment spending is pushed off past the next election.
Losers: Tax breaks. The budget undoes some of the former Conservative government’s targeted tax breaks, including tax credits for tuition and textbooks and children’s fitness and arts costs and income-splitting for families with children.
Small businesses are among some of the losers in the 2016 federal budget.
By: The Canadian Press, Published on Tue Mar 22 2016
Winner: First Nations. The budget allocates $4.22 billion over five years for improvements, including $2.6 billion for on-reserve education, $1.8 billion for water and waste water infrastructure, $634.8 for child and family services, $969.4 million over five years for education infrastructure and $554.3 million for housing needs.
Winner: Veterans. The disability award for vets will rise to $360,000, retroactive to 2006, while the earnings loss benefit to injured vets will rise to 90 per cent of pre-release salary. The government will reopen nine veterans’ service offices across the country and add a 10th office. The government says this means $5.6 billion more in direct payments to veterans and families over five years.
Winner: Students. Canada student grants will rise to $3,000 from $2,000 for low-income students, to $1,200 from $800 for middle-income students and to $1,800 from $1,200 for part-time students. Total: $1.53 billion over five years.
Winner: Families. The new $10-billion Canada Child Benefit will provide tax-free cheques of as much as $6,400, depending on the family situation.
Winner: Those seeking EI benefits. Rules will be changed to make it easier for new entrants to the job market and for those re-entering the market to qualify for benefits. The wait period for the first EI cheque will drop to one week from two. Benefit periods will be extended by five weeks in areas with the sharpest increases in unemployment.
Richard Lautens / Toronto Star file photo
The new $10-billion Canada Child Benefit will provide tax-free cheques of as much as $6,400, depending on the family situation.
Winner:Infrastructure plans. The document sets aside $11.9 billion for improvements to transit, water and green infrastructure and social infrastructure.
Winner: Arts and Culture. The CBC will get $675 million over five years, with another $550 million for the Canada Council for the Arts.
Winner: Canadian Coast Guard. The Kitsilano search and rescue lifeboat station, closed under the previous government, will reopen as a coast guard base with an expanded environmental response capability: Cost: $23.6 million over five years.
Winner: The environment. A low-carbon economy fund gets $2 billion over two years beginning in 2017-18. Another $1 billion over four years goes to support future clean technology investments, as well as $130 million over five years to support clean technology research and development.
Losers: Small businesses. The government will not proceed with reductions in the small business tax rate promised in the last Conservative budget. They would have dropped the rate from 11 per cent to nine per cent on the first $500,000 of qualifying income as of Jan. 1, 2019. Instead, the rate will fall to 10.5 per cent, and future cuts are being deferred.
Losers: National Defence. Billions in planned equipment spending is pushed off past the next election.
Losers: Tax breaks. The budget undoes some of the former Conservative government’s targeted tax breaks, including tax credits for tuition and textbooks and children’s fitness and arts costs and income-splitting for families with children.
赚多赚少差别还是有点不多。
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现在的政策向谁倾斜，不用说吧。
