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supernick
Joined: 24 Jan 2003
Location: Seoul
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 Posted: Sun Sep 25, 2005 5:03 pm Post subject: |
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| The baby bonus has been eliminated, and the tax incentives are a joke compared to the actual cost of raising a child. Canada has a serious average wage: cost of living and raising a family problem. |
Are you saying that the baby bonus has been eliminated? From this paste, there's some information that doesn't agree with you.
Basic benefit:
The basic benefit is $1,228 ($102.33 a month) for each child under age 18 (the basic benefit is different for residents of Alberta, see the note below).
There is a supplement of $86 ($7.16 a month) for your third and each additional child.
There is a supplement of $243 ($20.25 a month) for each child under the age of seven. This supplement is reduced by 25% of any amount you or your spouse or common-law partner claimed for child care expenses on your income tax return.
We subtract a benefit reduction from this amount if your family net income is more than $35,595. For a one-child family, the reduction is 2% of the amount of your family net income that is more than $35,595. For families with two or more children, the reduction is 4%.
Note
The Alberta provincial government has chosen to vary the amount of the basic benefit that its residents receive. The basic benefit is:
$1,124 ($93.66 a month) for children under 7;
$1,200 ($100.00 a month) for children 7 to 11;
$1,343 ($111.91 a month) for children 12 to 15; and
$1,423 ($118.58 a month) for children 16 or 17.
There's also income splitting which lowers your tax burden.
Now cry me a river about people not being able to aford children. Young Canadians and even Americans live way beyond their means. Not all but many do.
Go out to the new housing development areas and see who are buying those large homes which are larger than the ones that were built in the post war era. They (not all) place a low down payment (many times a gift from family) and have huge payments of about $2,000 a month for the next 15 years or so. In these new areas you won't find too many young children, just big houses with a couple of cars. These people can afford children but they choose other things like, cars, restaurant food, wardrobes to match their cars and memeberships at clubs.
The extra they pay each month in interest will surprise you. This is without calculating the interest on the mortgage.
Two new cars cost a lot of money. Insurance, tires, gas and other expenses can add up.
Walk with these people while they go shopping for food. Do you think they can save money by cooking from scratch? So much of what they buy is processed food.
My wife makes pretty good coin, and would probably make the same in Canada, and I know that if we moved there that we could live off of her income while I stay at home and take care the kids. We won't be well off and not have all the toys to show off, but we good live well. When you have a stay at home partner many other expenses are reduced.
The government should not give out money to have kids. One reason why people are not having them is because most people are working harder and longer than before. Is that a problem for the government to fix?
Immigrants are good. Most work hard, save money, buy homes and make babies. With a larger population it's possible to lower taxes as it would be cheaper to provide the same services at a lower cost per person and a higher base to collect taxes from.
There's a growing income gap that is a problem but how can the government correct that? Would it be fair that the people who work harder or have a higher education be paid less?
Last edited by supernick on Sun Sep 25, 2005 10:37 pm; edited 1 time in total |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Sun Sep 25, 2005 5:29 pm Post subject: |
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| that was an intelligent, articulate post there. Not that you usually aren't nick, but I found that one to be especially well-done. |
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red dog
Joined: 31 Oct 2004
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| Posted: Sun Sep 25, 2005 6:33 pm Post subject: |
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| Octavius Hite wrote: |
| Whoa guys, Canada is a true nation of immigrants and it is working really well. Everyimmigrant I have ever met has been a hard working and mostly skilled person. Its bigots masked as conservatives who spread the notion of the lazy on the dole immigrant and thats just not true. The Canadian economy is white hot thanks to the price of oil and we don't have enough people to fill the positions whether doctors, engineers or grocery clerks. Im in favor of this policy because the planet doesn't need anymore people, we are already overpopulated as it is. The answer is not have more children, its to bring over skilled people who want an oppertunity for the "Canadian dream", there is nothing worng with that and its what makes Canada the greatest country on Earth. |
Great points, Octavius. And I totally agree that the planet doesn't need more people. |
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Octavius Hite
Joined: 28 Jan 2004
Location: Househunting, looking for a new bunker from which to convert the world to homosexuality.
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| Posted: Sun Sep 25, 2005 7:51 pm Post subject: |
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| Another point here, Immigration makes a country better because it allows the people to have a broad view with broad tastes. The biggest problem in Korea (arguably) is that because they don't allow immigration in the true sense they remain closed off and ignorant to the rest of the world. Korean media/government/society is always talking about being "global" but they're not because they are never exposed to other peoples and this makes them appear and occasionally act ignorantly. If anybody needs proof that not having immigrants is a bad thing just look to this country. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Sun Sep 25, 2005 9:08 pm Post subject: |
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Yes, immigration is good. Just look how it transformed your southern neighbours from Mustang-riding buffalo-eating nomads into Mustang-driving meat-eating suburban settler.  |
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supernick
Joined: 24 Jan 2003
Location: Seoul
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| Posted: Mon Sep 26, 2005 6:24 am Post subject: |
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| Quote: |
| that was an intelligent, articulate post there. Not that you usually aren't nick, but I found that one to be especially well-done. |
Thanks. The cheque's in the post.
I do know people back home who have managed to raise a family on one income. The key is, is to save some money. Learn how to cut corners and to go without some of the toys.
10 years ago I immigrated into Canada and found the process very simple. The UK wasn't my cup of tea at the time. My first thoughts of Canadians at the time is that they were not very appreciative of what they have. Sure the economy was not that great at the time, but I found that the money they earned went a lot further than it did in many other countries.
Most 24 year olds that I knew in the UK lived at home with their folks as they could hardly afford to move out on their own. I knew no one who had a new car, but in Canada it seemed that many had money to burn.
Having a B/A doesn't make you a skilled worker. Canada needs technical workers, IT guys and tradesmen. If you have a B/A and no working skills, my advice is to get some more training. I would also like to see some action to help companies train employees, something that Canada lacks far behind many other nations.
Canada would be a much better country once it reaches 50 million, esp if we can get more Americans.  |
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RachaelRoo
Joined: 15 Jul 2005
Location: Anywhere but Ulsan!
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| Posted: Thu Sep 29, 2005 12:20 am Post subject: |
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| supernick wrote: |
| Quote: |
| The baby bonus has been eliminated, and the tax incentives are a joke compared to the actual cost of raising a child. Canada has a serious average wage: cost of living and raising a family problem. |
Are you saying that the baby bonus has been eliminated? From this paste, there's some information that doesn't agree with you.
Basic benefit:
The basic benefit is $1,228 ($102.33 a month) for each child under age 18 (the basic benefit is different for residents of Alberta, see the note below).
There is a supplement of $86 ($7.16 a month) for your third and each additional child.
There is a supplement of $243 ($20.25 a month) for each child under the age of seven. This supplement is reduced by 25% of any amount you or your spouse or common-law partner claimed for child care expenses on your income tax return.
We subtract a benefit reduction from this amount if your family net income is more than $35,595. For a one-child family, the reduction is 2% of the amount of your family net income that is more than $35,595. For families with two or more children, the reduction is 4%.
Note
The Alberta provincial government has chosen to vary the amount of the basic benefit that its residents receive. The basic benefit is:
$1,124 ($93.66 a month) for children under 7;
$1,200 ($100.00 a month) for children 7 to 11;
$1,343 ($111.91 a month) for children 12 to 15; and
$1,423 ($118.58 a month) for children 16 or 17.
There's also income splitting which lowers your tax burden.
Now cry me a river about people not being able to aford children. Young Canadians and even Americans live way beyond their means. Not all but many do.
Go out to the new housing development areas and see who are buying those large homes which are larger than the ones that were built in the post war era. They (not all) place a low down payment (many times a gift from family) and have huge payments of about $2,000 a month for the next 15 years or so. In these new areas you won't find too many young children, just big houses with a couple of cars. These people can afford children but they choose other things like, cars, restaurant food, wardrobes to match their cars and memeberships at clubs.
The extra they pay each month in interest will surprise you. This is without calculating the interest on the mortgage.
Two new cars cost a lot of money. Insurance, tires, gas and other expenses can add up.
Walk with these people while they go shopping for food. Do you think they can save money by cooking from scratch? So much of what they buy is processed food.
My wife makes pretty good coin, and would probably make the same in Canada, and I know that if we moved there that we could live off of her income while I stay at home and take care the kids. We won't be well off and not have all the toys to show off, but we good live well. When you have a stay at home partner many other expenses are reduced.
The government should not give out money to have kids. One reason why people are not having them is because most people are working harder and longer than before. Is that a problem for the government to fix?
Immigrants are good. Most work hard, save money, buy homes and make babies. With a larger population it's possible to lower taxes as it would be cheaper to provide the same services at a lower cost per person and a higher base to collect taxes from.
There's a growing income gap that is a problem but how can the government correct that? Would it be fair that the people who work harder or have a higher education be paid less? |
I think the program you are referring to is exclusively for Alberta. Wasn't the baby bonus a Federal program which has been eliminated? |
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