New Expanded Child Care Benefit

(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.

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