Brief introduction of Canadian child welfare fund

Recently, many families should have received the distribution list of Canadian child welfare (commonly known as milk gold) sent by the Canadian federal government. This time, the newly introduced milk money is not only tax-free, but also the Canadian child welfare for each family in 20 16- 17 will be 2300 Canadian dollars more than the previous average. But, what about this? Cheap? It's not so easy to occupy, so be careful to get yourself into trouble. Especially those? Astronaut? Families, if only one of them is a Canadian taxpayer and the other is a non-tax resident, had better not accept milk money, otherwise it will be easily recognized by the Canadian tax bureau? Cheating? , and attracted special attention to family income. According to the data of the Canadian Inland Revenue Department, in the past five years, an average of18,000 applications from non-tax residents were processed each year, and a considerable number of them were immigrant families from China.

Many China families, in order to avoid taxes reasonably, usually choose to apply for tax-free residents who do not work in Canada. Non-tax residents in Canada have the advantages of not filing tax returns, not paying taxes according to global income, not reporting overseas assets and not paying interest income tax in Canada, which can avoid the use of net assets assessment method by the Inland Revenue Department to check taxes. But in this way, in terms of family welfare, there will be the possibility of discount.

Remind, in principle, according to the Canadian tax law, the condition for receiving milk money is that parents and children meet Canada? Resident? Definition of life in Canada. If you apply for milk money, you must declare your family's total global income, and you may be punished for concealing or falsely reporting your income; If one member of the family is already a tax-free resident, it is recommended not to apply for milk money.

In addition, not all tax residents can safely apply for milk money. In recent years, the Canadian government is strengthening the tracking of border information, preventing people who do not meet the domestic residence requirements from making fakes, and taking pension funds, unemployment insurance and child welfare funds. The implementation scope of the system includes all transit personnel. If a Canadian citizen or permanent resident leaves Canada for more than 183 days, the Canadian department in charge of these benefits will get his entry and exit information.

Therefore, I remind families who have lived overseas for more than 183 days, or families with non-tax residents who have applied for milk money, to seek professional help as soon as possible and properly handle financial arrangements so as to avoid penny wise and pound foolish.