summer1979
Member
Ok this is the details:
Tax Incentives - effective year of assessment 2009
1. Qualifying Child Relief increase from $2k to 4k.
2. Working Mother Child Relief increase to 15%, 20%, 25% for 1st, 2nd, 3rd & subsequent child.
3. Combine QCR & WMCR cap increase to 50K.
==> i.e. we pay less income tax.
BB bonus - effective for EDD/born 1 Jan 09 onwards
4. Cash part for 1st and 2nd child increase from $3k to 4k.
5. CDA matching contribution for 1st child up to 6K.
6. CDA matching contribution for 5th child onwards up to 18K.
==> We dun benefit... we get the original amts.
Centre based Child Care. Effective 1 Jan 09
7. Increase quality.
8. Subsidy for working mothers increase from $150 to $300 for childcare and from $400 to $600 for infant care.
=> We enjoy next time if we send our kids to these centres.
Kindergarten
9. Improve quality.
Leave. Effective 1 Jan 09
10. ML increase from 12 to 16 weeks for children born after 1 Jan 09. Last 8 weeks flexible over 1 year. Gov pays for last 8 weeks subject to $20K cap.
11. Qualifying period for ML halved to 90 days.
12. Protection for preggy ladies enhanced to last 6 mths of pregnancy (dismissed without cause) and last 3 mths of pregnancy (retrentched).
13. Childcare leave increase from 2 days to 6 days per year per parent with children under 7. Gov pays for last 3 days subject to $500 per day cap.
14. Unpaid infant care leave of 6 days per year per parent with children under 2.
Assisted Reproduction. Effective 1 Sep 2008
15. Subsidy of 50% (up to $3K) per cycle for max of 3 cycles.
Tax Incentives - effective year of assessment 2009
1. Qualifying Child Relief increase from $2k to 4k.
2. Working Mother Child Relief increase to 15%, 20%, 25% for 1st, 2nd, 3rd & subsequent child.
3. Combine QCR & WMCR cap increase to 50K.
==> i.e. we pay less income tax.
BB bonus - effective for EDD/born 1 Jan 09 onwards
4. Cash part for 1st and 2nd child increase from $3k to 4k.
5. CDA matching contribution for 1st child up to 6K.
6. CDA matching contribution for 5th child onwards up to 18K.
==> We dun benefit... we get the original amts.
Centre based Child Care. Effective 1 Jan 09
7. Increase quality.
8. Subsidy for working mothers increase from $150 to $300 for childcare and from $400 to $600 for infant care.
=> We enjoy next time if we send our kids to these centres.
Kindergarten
9. Improve quality.
Leave. Effective 1 Jan 09
10. ML increase from 12 to 16 weeks for children born after 1 Jan 09. Last 8 weeks flexible over 1 year. Gov pays for last 8 weeks subject to $20K cap.
11. Qualifying period for ML halved to 90 days.
12. Protection for preggy ladies enhanced to last 6 mths of pregnancy (dismissed without cause) and last 3 mths of pregnancy (retrentched).
13. Childcare leave increase from 2 days to 6 days per year per parent with children under 7. Gov pays for last 3 days subject to $500 per day cap.
14. Unpaid infant care leave of 6 days per year per parent with children under 2.
Assisted Reproduction. Effective 1 Sep 2008
15. Subsidy of 50% (up to $3K) per cycle for max of 3 cycles.