•A National Treasure •Tame Your Temper •Diet Mistakes

Note
You can still claim this amount for the child if you were unable to claim the amount for an eligible
dependent only because:
• the child's net income was more than $10,382, or
• you are already claiming the amount for an eligible dependent for another child.
1. What has changed with respect to benefit payments in cases of shared custody?
The 2010 budget introduced – effective July 2011 - the concept of a shared-custody parent and to allow
each shared-custody parent to receive the Canada Child Tax Benefit (CCTB) and the Universal Child Care
Benefit (UCCB) amounts in a particular month. In addition, each shared-custody parent will receive the
child component of the goods and services tax/harmonized sales tax (GST/HST) credit quarterly in respect
of the child.
2. What is a shared-custody parent?
Generally, a shared-custody parent of a child is one of the two parents who:
• are living in separate locations;
• are living with the child on an equal or near-equal basis; and
• are primarily responsible for the child's care and upbringing when living with the child.
3. How will my benefits be calculated as a shared-custody parent?
Your benefits will be calculated as if the child was your eligible dependent and you will be paid 50% of the
benefits associated with the child.
Ian Hawkins owns and operates Mount Albert Tax Company next to the Mount Albert
Post Office and Holland Landing Tax Company in the Grist Mill Plaza, Mount Albert
Road, Holland Landing.
TheBulletinMagazine.com October 2011 35