I received the following as a comment in my previous post, but decided to feature it here, as I suspect the writer would like readers to offer their answers to the questions posed:
I have two questions and an observation:
I do not understand the statement that the Child Tax Benefit, benefits the rich more than the rest of us. For example, in families with a three old child, do the families not receive the same amount regardless of their income bracket? Is it because the benefit is tax free and there is no claw back?
I would like to understand why it is that when a private citizen has a mortgage taken out or the purchase of goods is made using their stolen identity, the police do nothing and say it is a private or a financial matter between the citizen and the bank or credit company.
Ashley Madison has its client accounts stolen and Anonymous threatens to reveal the names if they do not cease to operate. The police begin an immediate investigation. Is it because of the threatened demise of the legal corporate entity or do the clients have more political power or sway over the police?
Please "Square the Corners" for me.
Those are good questions, Anon, but I think I can answer the first one. A story in today's Star reveals that the child benefit payments are taxable and will, in fact, be clawed back from many of the recipients:
The benefit is taxable on the lower income earner in every household. Canadians who received the payments can expect to see some of it taxed next April unless their income is so low that they don’t pay income taxes.Of course, that begs the question of why the cheques are being sent out to everyone who has applied, no matter their income level. The answer, I fear, is too obvious - to get the most political bang for the buck three months from the election. Says David Macdonald, senior economist at the Canadian Centre for Policy Alternatives:
“You get a cheque and it’s tangible. You have no idea what you’re going to pay back at the end of the year”.At the end of the year - well after the election.
I invite readers to weigh in here.
