Child Benefit allowance
 

Hi

Looking for some information on child care, child benefit types of payments that I would be entitled to in Canada (Calgary).

In the UK our joint family income is £50k 1 x FT and 1 x PT, we use child care vouchers through work, not a huge saving but saves a little. The only other payment we get is £137 a month which is child benefit (2 Kids 6 & 3)

I have a potential job offer at $65-70k (I am citizen) we would hope jointly to bring in $90-100k.

Any ideas what payments would be received with either 1 FT on 65-70k and 1 not working or jointly 1 FT and 1 PT on $90k

I found an online calculator which suggested 1 FT on 65-70k $ 6790 ($566 p/m) and jointly 1 FT and 1 PT on $90k would be $5650 ($470.83 p/m) a year tax free does this seem accurate?

Thanks

Re: Child Benefit allowance
 

https://www.canada.ca/en/revenue-age...-your-ccb.html It is based on line 236 of the previous tax return. So the calculation for the July 2018 - June 2019 benefit year is based on line 236 of the 2017 tax return.

Re: Child Benefit allowance
 

Thanks for the link, just having a look at it, and trying some figures

So I entered Net income then it asks for working income I presume this is before Tax i.e Gross?

It states a figure of $8322 per year for my set up (that was on $93k joint income)

Re: Child Benefit allowance
 

Interesting...we live in BC and it only asks for net income, not working income. When I change it to Alberta I see the working income and the ? beside it gives a list of what is included as working income.

Re: Child Benefit allowance
 

Re: Child Benefit allowance
 

NOTE:- I do not know what this means in terms of how much the benefit will be, but the following site has an advisory notice heading the Overview Page

EDIT:- Just seen on another site that they are going to be indexed to inflation a couple of years ahead of schedule.https://www.canada.ca/en/revenue-age...-overview.html

Re: Child Benefit allowance
 

Just go to Canada Revenue site and use the available 2017 tax forms...use your expected gross salaries and then..Claim on line 236 the result of the amount from line 150 minus the total of the allowable deductions claimed on lines 207 through 235...that is net income. There is no joint tax return in canada..so do it for each of you. Add the total of the 2 net incomes and use that to calculate your benefit. Net income is pretax.

Re: Child Benefit allowance
 

https://www.canada.ca/en/revenue-age...e-alberta.html

I'd suggest using the official calculator as if you were claiming for 2017's tax year and guestimating your net income. https://apps.cra-arc.gc.ca/ebci/icbc...t_locale=en_CA - this is for both Federal Child Benefit and Provincial. It will also tell you of any other benefits you may be able to claim (once you have submitted a tax return).

Working income explanation:

https://www.canada.ca/en/revenue-age...alculator.html


:)

Re: Child Benefit allowance
 

Thanks, I will have a read over, just trying to look for an approx guesstimate so hopefully once I can review in full the figure will be about the same $8k which I did using this arc.gc.ca/ebci/icbc...t_locale=en_CA -

Re: Child Benefit allowance
 

If you are coming anyway, does it really matter that much? When I came, packed up belongings, packed them on an airplane and came over, figured the rest out as I went along.

Re: Child Benefit allowance
 

Yes, it does matter. We have two young children, and childcare, activities and bills will need to be paid. We need to ensure that before we make such a move, that we will be able to maintain the standard of lifestyle we currently have in the UK. If it had just been myself and my husband, then yes, we could just get on a plane and come over, but its not as simple as it was back then :)

Re: Child Benefit allowance
 

Don't forget the additional costs of moving over, initial rental charges / flights, shipping / furnishings etc / or house purchase.. it all adds up!

If you can afford for one of you to stay at home then there won't be any child care costs during school holidays and before/ after school etc., or if you have relatives or friends in the area, could you ask them or 'child care share' perhaps? You could even start a private child care facility without too much difficulty, if you needed to increase your income, perhaps. The High Cost of Childcare in Calgary | Kidsu - some other information that may be useful - Child Care - Alberta Human Services - Government of Alberta - and lastly, a cheaper alternative by Alberta Govt. : https://www.alberta.ca/early-learnin...e-centres.aspx


This may help financially :)They probably won't get into the 'expensive' activities until they are older (you only say they are very young)

Sometimes the grass isn't always greener - and if you have a good set-up where you are, with a reasonable standard of living and aren't struggling, (and are happy in general) then perhaps this isn't the time to move to Canada permanently? Is there any point in moving over at this time if you are going to struggle financially.. or perhaps you could wait until the children are older so the child care costs etc., would be reduced - one of you could secure a more lucrative position and you can see the standard of life you want to maintain not slipping away due to financial constraints? Basically, if you can't afford to have the lifestyle you feel you want to maintain without relying on Government Subsidies (which you won't qualify for for at least a year, most likely), then perhaps you either need to find a better paid job, accept that your lifestyle WILL change - as it does for 99% of people who move abroad - or defer the move?

Just a thought.

:)

Re: Child Benefit allowance
 

Hi

I have taken into account costings of making the move. I am not including child benefit payments into my day to day living. I do not include these in the UK either. Its just good to know what is available to help, prob more so starting off in a new adventure.

We would hope to have the same set up here as in canada

We bring in jointly around £50k, and my potential job offer is going to be $70k I expect $100k to be the same standard of living as my UK joint income of £50k. One of us work FT and one PT (2 Days a week), we use child care for 1 child Full time 2 days, the other is at school and uses after school care (2 Days).

Holidays we work it out between clubs and holidays.

I have set aside £14k top up salary for the first year, £15k savings fund to deal with unexpected issues, £15k for a car, £3K for shipping, £1-2K Visa, parents paying flights out and £100k for a house deposit

The aim is my potential job offer to pay $70k and my partner to work PT 2 days a week. same set up there as we have here

Without a job offer we will not be making the move at this stage

Re: Child Benefit allowance
 

This thread has some useful figures in, including things you may not have thought of - https://britishexpats.com/forum/cana...canada-735341/

Re: Child Benefit allowance
 

Why was it more simple 'back then'? It is just taking a chance and figuring it out. I have a buddy who came with $20 in his pocket, he now runs several businesses and is doing quite nicely. Many people don't achieve the same standard of living as soon as they arrive, it takes several years to get back there. This is part of what goes with immigration and the risk that goes with it. If maintaining the same standard of living is important, maybe another part of the UK would be a wiser choice? Everyone has bills that need to be paid, activities they would like to do, some may have to be forgone for a while to get back on ones feet. Many come here with children and just get on with it, most seem to have done just fine.