There’s been some confusion in the wake of the first wave of Universal Child Care Benefit payments.
A senior financial adviser says instead of a lump sum refund at the end of the year, parents will get monthly payouts.
John Maisey says this will affect your end of year tax return, noting his concern is people spending the money without knowing it’s taxable at the end of the year.
That could result in you owing money to the government next spring.
