Child Benefit Tax Credit
March 12th, 2010
Question: How much is child tax credit and am i entitled to it?
Im a lone parent workng 20 hours a week, earning £16k a year.. i get my wages and child benefit of £20 a week. An advisor told me that i am only entitled to working tax credit only, and NOT child tax credit as i have a job????
Does this sound right?? i have a friend who works more hours than me and gets both, does it depend on your wages?
how much is child tax credit usually?
Answer: I would have thought you’d be entitled to both considering your annual income.
This website will give you an estimation of all the benefits you should gethttp://entitledto.com/Default.aspx?AspxAutoDetectCookieSupport=1
The best thing to do would just be to apply anyway.
BUSINESS TAX MEASURES
Subsection 256(7) of the Income Tax Act (Canada) (the Act) provides certain deeming rules relating to whether there is an acquisition of control of a corporation.
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