Reminder: Some families Will Win UCCB Lottery July 20
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Reminder: Some families Will Win UCCB Lottery July 20

Reminder: Some families  Will Win UCCB Lottery July 20/www.aliko-aapayrollservices.com/blog
Reminder: Some families  Will Win UCCB Lottery July 20

 


Following are the key points about the UCCB   benefit:

  • The UCCB is increasing for children under 6, from $100 per month per child to $160 per month, effective January 1, 2015.

  • The UCCB is also being expanded to include a benefit of $60 per month for each child aged 6 through 17, effective January 1, 2015.

  • Because these enhanced benefits were announced in April  21 , 2015 but made effective retroactive to January 1, 2015, families who qualify for the UCCB will receive a lump sum for the additional amounts, payable on July 20, 2015.What does that mean?  Parents with children under age 18 living at home will be receiving a lump sum of $420 per child with their July Child Tax Benefit payment. This amount represents the additional $60 per month per child payable as of January 1, 2015.This is a great opportunity for families  who will be winning the UCCB lottery to invest the lump sum in an RESP or TFSA for maximum growth and tax savings.  


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