What has changed with respect to benefit payments in cases of shared custody?
The budget proposes to introduce 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.
When will the change be effective?
The change will be effective for benefits paid for periods starting in July 2011.
For more information, go to: http://www.cra-arc.gc.ca/gncy/bdgt/2010/shrdcstd-eng.html