July 20, 2015
ROSSEAU – Parry Sound-Muskoka MP Tony Clement reminded parents today that cheques under the Conservative Government’s Family Tax Cut will start arriving today by mail.
MP Clement met with parents today at the Rosseau Waterfront and outlined benefits that are putting money directly into their pockets. Under the enhancements to the UCCB, families will receive almost $2,000 per year for each child under 6 and $720 per year for each child aged 6 through 17.
The new benefit amounts are retroactive to January 1, 2015 and are reflected in monthly payments to families as of this month. The proposed enhancements to the UCCB are expected to more than double the number of families that benefit from 1.6 million to more than 4 million.
“Our Government trusts parents to spend their money on what’s best for their children. We believe Mom and Dad are the real child care experts,” said MP Clement. “That’s why the family tax cuts and benefits guarantee that all families with kids—regardless of circumstance or income—have more money in their pockets.”
• All families with children will benefit from the new Family Tax Cuts and Benefits Plan, which includes the Family Tax Cut, and enhancements to the UCCB, Child Care Expenses Deduction and Children’s Fitness Tax Credit.
• Combined with tax relief introduced by the Government of Canada since 2006, a typical family of four can receive up to $6,600 in tax relief and enhanced benefits in 2015.
• Low- and middle-income families will receive two-thirds of the overall benefits provided by the Government of Canada’s new family measures.
• The Family Tax Cut will eliminate or significantly reduce the difference in the federal tax payable by a one-earner couple relative to a two-earner couple with a similar family income.