Well-To-Do Families Should Not Be Receiving Child Care Benefits

摘要

Canada's Universal Child Care Benefit is an unfocused universal program that should be reformed to target financial assistance to families that need the help. As government revenues fell during the "Great Recession" and spending went up to provide economic stimulus, Canada's fiscal position deteriorated. The International Monetary Fund recently conducted an analysis of public finances in affluent countries and found that, unless Canada makes policy changes to either collect more revenue or spend less money, the country's public debt will rise to dangerous levels.