![]() The WIS is computed on a per-child basis rather than a per-family basis.The WIS was greatly enhanced following the passage of the 1997 Canadian federal budget: Secondly on Jwith the enactment of the new Canada Child Tax Benefit.First in July 1997 with the increase of the WIS.The roll-out of the CCTB was scheduled in two steps: The federal finance minister, Paul Martin, announced in the 1997 Canadian federal budget the gradual replacement of the Child Tax Benefit by a new Canada Child Tax Benefit (CCTB) that combines the CTB and the WIS into a single enhance payment to increase benefit levels for low-income families. Canada Child Tax Benefit (CCTB, 1998–2016) However, it has been found that, due to cutbacks to social assistance, the impact of this program in reducing child poverty is negligible. The National Council on Social Welfare supported the reform as a step in the right direction but pointed out that most families receiving social assistance payments or unemployment insurance payments would not be eligible to the earned-income supplement, hence reducing the impact of the new benefit in reducing child poverty. The law implementing the new benefit is adopted by the House of Commons in September 1992 and received royal assent on 15 October 1992. is fully exhausted at $25,921 of earned income). The supplement phases-in at 8% of earned income above $3,750 reaches its maximum amount ($500) between $10,000 and $20,921 of earned income and is subsequently reduced by 10% of earning income above $20,921 (i.e. The new benefit includes an earned-income supplement (referred to as the Working income supplement or WIS in future federal budgets) of up to $500 (per family) designed to deliver increased benefits for low-income working families with children. This measure was estimated to increase benefits by $2.1 billions over a period of five years. ![]() ![]() Unlike family allowance that it replaces, this monthly payment is not taxable for the recipient. The federal finance minister, Don Mazankowski, announced in the 1992 Canadian federal budget the introduction in January 1993 of a renewed and enriched Child Tax Benefit (CTB) that consolidates the family allowance, the child credit and refundable child tax credit into a unified benefit of $1,020 per child (with a supplementary benefit of $75 for the third child and following children). The CCTB was enacted in response to a commitment made by the Canadian parliament, in November 1989, to eradicate child poverty in Canada by the year 2000. The CCTB could incorporate the National Child Benefit (NCB), a monthly benefit for low-income families with children, and the Child Disability Benefit (CDB), a monthly benefit for families caring for children with severe and prolonged mental or physical disabilities. It is delivered as a tax-free monthly payment available to eligible Canadian families to help with the cost of raising children. The Canada Child Benefit (CCB), previously the Canada Child Tax Benefit (CCTB), is an income-tested income support program for Canadian families. Monthly Child Benefit for Parents in Canada ![]()
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