New Expanded Child Care Benefit

(July 21, 2015 )

If you have children under 17, you've likely heard about the Expanded Universal Child Care Benefit.  Previously, this benefit provided families with children with $100 per month per child under 6.  However, the Federal Conservative government expanded this program, retroactively to January 1, 2015, to provide families with $160 per month per child under 6 and $60 per month per child aged 6-17.  Now comes the big question, "What to do with the extra cash?".  So before you head out on a shopping spree, check out this article on the Financial Post that will give you tips to maximize this extra cash, both now and later come tax time.

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