Probably shouldn't say "we told you so" but last Tuesday a Parliamentary Budget Office (PBO) report confirmed what many have said since 2006: the UCCB cheque through the mail slot isn't child care. The PBO's analysis showed that more than half the "child care benefit" money (most of which is the Universal "Child Care" Benefit) will go to families who don't spend anything on child care.
Moreover, the PBO calculated that these expenditures would reach $8 billion a year by 2017.
The PBO's most recent report book-ended a PBO analysis on income-splitting, another scheme touted as "family friendly." Income-splitting will benefit only 15 per cent of families, with the affluent making out best but will cost Canadians an additional $2.2 billion foregone taxes a year.