|Living in Canada, we get our monthly Child Tax Benefit which has allowed us to purchase a home. We joke that ds pays our mortgage. (The CTB covers the whole mortgage.) We are paying significantly less than we were to rent a 2 bedroom apt., and now we have a 4.5 bedroom house with a big yard
Holy heck! Abac, I'd love to know how you managed to get such a huge CTB! Our payment is $40 a month! $40 - that pays for our BEll phone bill! How in the WORLD did you get such a huge payment????
My sister gets a huge CTB. Her husband is self-employed and make a lot of tax deductions he should not. Not saying that's the case. However, it's the whole "middle class gets screwed concept". The less money you make the more benefits you recieve. The big thing is that it's the middle class income holders that pay for those benefits going to the lower income class holders. This earkes me to no end. Dh makes a great wage and my all means I should be able to be a SAHM without worrying if we're going to run out of money by the 2nd week of the month. However, the government takes a HUGE cut. Our CTB in tiny too, almost not even worth them cutting a check for. We do own a home, but it's not a big home. We have no outstanding bills other than our student loans. We have 3 kids and that was a big decision, because they are expensive to raise. Babies, infants, toddlers, pre-schoolers, schoolers, teenagers and early adults...are expensive. We don't qualify for a huge CTB, we don't qualify for a GST rebate either, and when our kids want to go to college they won't qualify for a student loan because dh's income is too high. However, we struggle every month.
It is easy to say kids aren't that expensive when you get assistance from the government. When you actually have to pay for everything without help form the government, then damb straight it's expensive to have children. My brothers ex-girlfriend didn't work, had 2 kids and recieved over $1000/month is Child Tax Benefits and GST rebates. She also lived in assisted housing which cost her $150/month in rent for a 4-plex suit. Medical and dental were covered through social services. She had the idea that kids were not expensive.