Showing posts with label financial tips. Show all posts
Showing posts with label financial tips. Show all posts

The cheque is in the mail for your child care benefit. But parents, don’t spend it just yet

The cheque is the mail. Literally. Canadians with children will be receiving hundreds of dollars in benefits over the next week and the question is how to spend it — or should you save it?

While a domestic road trip might appear like an affordable alternative to traveling abroad, costs can easily spiral out of control. Here’s how to keep a lid on summer road-trip spending.

Leaving aside the politics of whether you agree with the expansion of the universal child care benefit, it’s difficult to believe many Canadians will be sending the money back to Ottawa, even if they don’t support the current Tory regime.

As for the payouts, the benefit was increased to $160 per month for each child under the age of 6. It was also expanded to children 6-17,  and parents who have kids that age will receive a benefit of $60 per month for each child. It’s retroactive to Jan. 1, and as a parent of two children in that 6-17 group I will soon be attacking that mailbox with vigour looking for $840.
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