Re:On the death of my family's dairy farm
by deskamess on Tuesday March 12, 2019 @02:56PM
(#19371705)
Yes, but those tax credits could be stretched further if milk was cheaper.
Re:On the death of my family's dairy farm
by Scoundreller on Tuesday March 12, 2019 @05:53PM
(#19373438)
The smart thing would be to pocket the credit and avoid expensive milk as much as possible.
Win, win!
The Canadians thought of that too! They give parents a refundable tax credit of $5481-6496/year per kid under 18, and that's just at the federal level.
https://www.canada.ca/en/revenue-agency/services/forms-publi...
Plus, basic groceries (like milk, bread, vegetables) and feminine hygiene products have 0% sales tax:
https://www.canada.ca/en/revenue-agency/services/tax/busines...