Giving Gift Cards To Kids ATTENDING Birthday Parties??

Last week, I was at our local Chapters, and saw a friend and their 3 children shopping in the kids book section.  I was there with my daughter to pick out a book as a present for a birthday party she was going to be attending.  One of the three children had a gift card.  I asked her politely who had given her the card...I had been thinking maybe it was a small gift from a relative.

"Oh, it's from a birthday party," she replied.

"From your birthday party?" I asked.

"No, from someone else's birthday party."

At this point I looked quizzically at the father, who said she had been given the card as part of the loot bag upon leaving a party recently.

This was not the first parent I'd heard this from recently.  I've been told that it's becoming the norm to give out $5 gift cards to each child who attends a birthday party either instead of a lootbag or as part of it.

LOOTBAGS

I'm not a fan of lootbags.  I'm especially not a fan of giving out a giftcard!  Holy moly!  Let's talk about teaching consumerism at a young age.  Do you know who the giftcard benefits the most?  The store where it's from!!  They get advertising.  They get kids, parents, and siblings into the store.  And of course, $5.00 doesn't go very far, so typically you will end up needing to spend more than the gift card in order to get something.

WHAT TO DO INSTEAD?

Although I don't agree with "lootbags", I do like the idea of having something from an activity.  Decorate or tie dye some t-shirts. Make and decorate a crown or wand.  Teach them how to play jacks and provide them a kit each.  My daughter just brought home a pot with some small cactus that she planted in it that they put together at a party.

Check out this article for some other ideas on non-loot bag ideas!

New Baby? Make Sure Your Income Taxes Are Done!

Are you expecting a cute new baby in your life or have a newborn?  Are your income taxes all complete and submitted?

You might be wondering what the connection between these two questions is!

The Canada Child Tax Benefit (CCTB)  is a payment from the Federal Government to help families with the costs of raising children.  The majority of Canadians are eligible for this program, but you MUST FILE YOUR TAX RETURN TO RECEIVE THEM!

Separate sub-programs that are also included in this payment are the:

1) National Child Benefit Supplement (NCBS) for lower income families

2) Child Disability Benefit (CDB) for families with children who are disabled and qualify for the Disability Credit.

Also, each province may have programs as well.  In Ontario, there is the Ontario Child Benefit (OCB).

Ok, lets get to what everyone wants to know.

How Much Money Will I Get??


Using the online calculators using 2011 net income, and assuming your children don't have disabilities, here we go.  For children age 6 or under you will also receive $100/month for the Universal Child Care Benefit (UCCB), and your amounts will be slightly adjusted from these, as these figures are not including the calculations if you received UCCB in 2011. The amounts include CCTB, NCBS, and Ontario Child Benefit. 

These amounts are for people in Ontario.

Net family income of $100 000/yr will receive$21.59/month for 1 child,   $ 43.18 for 2 children.
Net family income of $ 80 000/yr will receive $54.92/month for 1 child,  $109.85 for 2 children.
Net family income of $ 60 000/yr will receive $88.26/month for 1 child,  $176.52 for 2 children.
Net family income of $ 50 000/yr will receive $104.92/month for 1 child, $209.85 for 2 children.
Net family income of $ 40 000/yr will receive $144.60/month for 1 child, $335.95 for 2 children.
Net family income of $ 30 000/yr will receive $271.27/month for 1 child, $594.27 for 2 children.
Net family income of  < $ 20 000/yr will receive $390.15/month for 1 child, $759.40 for 2 children.

To get an estimate of your own situation, go to the CRA calculators.


File Your Taxes!

You cannot receive this money unless you have filed your income tax return.  If you havn't filed for a few years and are eligible for these payments, you can go back up to 10 years and file and you will still receive the payments owed to you.