$10 child care debate vs. 75% refundable tax credit. Here are some numbers to help people out.
Alberta annual minimum wage salary (29hrs/w)
$27495 (no benefits). After-tax $23,508 or $1,959/month
Alberta monthly child care cost > $1,000
#canada #alberta #childcare
Alberta annual minimum wage salary (29hrs/w)
$27495 (no benefits). After-tax $23,508 or $1,959/month
Alberta monthly child care cost > $1,000
#canada #alberta #childcare
Taxes paid $3,987
75% of child care cost is $9,000...
They would get their entire $3,987 refunded, a year later in April would probably anyway because dependant
$1,959/month - $1000 child care
Cheapest apartment in Calgary or Edmonton is a studio for $600/month,
leaves $359
75% of child care cost is $9,000...
They would get their entire $3,987 refunded, a year later in April would probably anyway because dependant
$1,959/month - $1000 child care
Cheapest apartment in Calgary or Edmonton is a studio for $600/month,
leaves $359
Meals: Assuming 1 Adult + 1 PreSchool Child
Breakfast: 1/cup milk each on cereal
Milk 16 servings/per 4/L $5 every/2 weeks
Cereal: 525g / $2.97
Cereal serving size is 28g... you will need 3 servings/day
That is 5 boxes a month. $2.97x5 = $14.85
Total = $24.85
Breakfast: 1/cup milk each on cereal
Milk 16 servings/per 4/L $5 every/2 weeks
Cereal: 525g / $2.97
Cereal serving size is 28g... you will need 3 servings/day
That is 5 boxes a month. $2.97x5 = $14.85
Total = $24.85
Lunch: 2 PB Sandwich + Only 2 lunches for the child/w
Loaf (20 slices): $1.64 PB: $3.77/1kg (30g serving)
$0.28/sandwich * ((30x2) + (2x4)) = $19.04
Loaf (20 slices): $1.64 PB: $3.77/1kg (30g serving)
$0.28/sandwich * ((30x2) + (2x4)) = $19.04
Dinner: Fake Mac&Ch + 1/2 cucumber
0.64 * 30 = $19.20 $1.67 / 2 *30 = $25.05 = $44.25
$8.97 1.5kg chicken strips as a treat every often = $97.11/month
No one will say this is healthy but cost about $100/month
0.64 * 30 = $19.20 $1.67 / 2 *30 = $25.05 = $44.25
$8.97 1.5kg chicken strips as a treat every often = $97.11/month
No one will say this is healthy but cost about $100/month
Transportation:
With $261.89 remaining you need to get to places, $100 transit pass so you can work and collect your child.
$161.89 left
With $261.89 remaining you need to get to places, $100 transit pass so you can work and collect your child.
$161.89 left
Did you need any personal care items?
How about $40/month? Soap, toilet paper, toothpaste, etc...
$121.89 left
Children need to wear clothes and grow?
$30/m
$91.89
How about $40/month? Soap, toilet paper, toothpaste, etc...
$121.89 left
Children need to wear clothes and grow?
$30/m
$91.89
At this point, you have no pots plates furniture, etc...
$50/month for Goodwill/kijiji finds to get a mattress for your child to sleep on, and slowly get things to cook with and eat from. $41.89
Waiting for that tax rebate...
$50/month for Goodwill/kijiji finds to get a mattress for your child to sleep on, and slowly get things to cook with and eat from. $41.89
Waiting for that tax rebate...
With $10/day daycare for 25 days a month = $250. Round that to $300. A $700 difference
If nothing else changed you would have $749.89 remaining! Things would change, you would eat healthier, maybe buy your child some books to read and games to play.
If nothing else changed you would have $749.89 remaining! Things would change, you would eat healthier, maybe buy your child some books to read and games to play.
Maybe you could even save some money. Get yourself a functional laptop and take some online courses.
Life changing
Life changing
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