Where is all your money going for the next 25-30 yearsYou can earn $ 24,000 a year while rasing 4 children...total with non-indeced benefits...a staggering 1,123,000 over 18 years tax free equivalent. 25 years around 1.35 million per year........roughly equivlanet to earning $ 75,000 a year and paying 18 K in taxes.
Why work...? have kids and live in Subsidized Housing ?
What is the true cost of immigration? She works part time. They are not married nor do they declare common law status. I delivered a bed and a dresser to a young couple new to Canada.
4 Kids 3 born in Canada and 1 brought over at 8 months of age.
The Math.
Child Tax Benefit in Alberta including Federal Benefit
Assume 18 years of benefits
Assume max income off $ 24,000 annually before clawback begins
$ 55.41 per month per child (
Federally
Average is $ 550 per month per child
Assume 18 years of collection and mom works part time for 25 years ( kids are 2 years apart )
24,000 x 25 = $ 600,000 tax free
Child Benefit
605.41 x 12 x 18 X 4 kids = $ 523,075
A staggering $ 1,123,075 tax free over 18 years
Plus Dental., Plus GST credit Plus Carbon tax credit.
$ 62,000 annually tax free without working
I also looked at people like my family doctor
4 children 150 bucks per child x every 3 months over 18 years
= $ 43,200 a mere pittance ( what I pay in taxes every 6 months )
Where is the justice? What happened to our constitution?
Why are poor children worth so much more than kids from upper income families ?