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Toronto parents urged to save after getting new child care money

from CBC News

Toronto parents are split on what to do with some new money after the federal government upped its child care benefits plan, but a financial advisor is advising them to save it. The federal government has increased its universal child tax benefit, or UCCB, to give parents more money — parents with kids under 5-years-old will now get near $2,000, while parents with children from ages 6-17 will get $720 each year per child. more

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