(July 21, 2015)
If you are a parent of a child under 17, you have likely heard about the new Expanded Universal Child Care Benefit. Previously, this benefit gave families with children under 6 $100 a month. However, the Federal Conservative government expanded this program, retroactively to January 1, to give families $160 per month per child under 6 and $60 per month per child 6-17.
Being granted retroactively means that families got a lump sum payment of this retroactive difference this month and now comes the big question, "What are we going to do with this extra cash?". Before you go on a spending spree, this article on the Financial Post
can help you maximize this benefit now and later.