Universal Child Care Benefit (UCCB) Changes in 2015

Taxes are very complex, even you might hear otherwise from tax software vendors. Here is a simple example trying to explain the changes in Universal Child Care Benefit (UCCB) as promised by Prime Minister coming into effect in 2015.

UCCB is a taxable benefit and you should file your taxes every year and report this benefit on your tax return.

Source of this educational video is Safe Pacific Financial