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New benefit limits would make it harder for some Alberta families to adopt, advocates say

New benefit limits would make it harder for some Alberta families to adopt, advocates say

CBC20-03-2025

Adoption advocates say a provincial cost-saving move to income test some support funding could deprive children of essential therapies and stop some families from adopting.
"It's actually going to cost the government more money because you're going to lose permanent homes," said Nicole Bull, a foster parent and president of the Calgary Region Foster and Kinship Association.
"I've heard people saying that they're not going to be able to apply for permanency of the children in their homes because they won't be able to cover those additional costs."
Families who adopt or assume permanent guardianship of children in Alberta are eligible for financial help called supports for permanency (SFP). Part of that funding is a "basic maintenance rate" that gives families between $25 and $38 a day, depending on the child's age, to help offset expenses.
Should the 2025 provincial budget pass as drafted, the department of children and family services will no longer pay the basic maintenance rate to families whose household income is above $180,000 a year. Those families stand to lose at least $9,000 in assistance per year for each adopted child.
Department officials say 4,600 Alberta families receive SFP funding.
At a news conference earlier this week, Children and Family Services Minister Searle Turton said the majority of families earn below the threshold and won't lose the funding. The province has not answered a question about how many families are affected.
The change is expected to save the province $3 million per year.
The new cap on benefits also comes alongside a bill that cancels a program announced in 2023 that would have provided dental, optical and other health benefits for adopted children. That change is also expected to save about $3 million per year.
However, Turton also announced on Monday the rates of government support for foster, kinship and adoptive families will go up by two per cent to help with the increasing costs of living.
Qualifying for the basic maintenance rate hasn't been income tested for about 20 years, according to a government spokesperson. At the time, only adoptive families earning less than $60,000 a year qualified for basic maintenance.
In addition to her teen daughter, Bull is caring for five children aged three and under: two foster children, one adopted child and two children she and her husband hope to adopt.
She said the proposed new ceiling to qualify for benefits arrived without consultation with families or an analysis of the long-term impacts.
Bull said the cap will mean higher income families now fostering children would lose basic maintenance funding if they adopt the children, which could discourage them from becoming permanent guardians. That is counter to the province's goal of finding more permanent homes for children, she said.
"Every single child deserves a stable and loving home, and that permanency piece is so important to know that they belong," Bull said. "There is nothing more unsettling for a child to be in a home and not sure if that home is going to be their home next month or next year."
She said the province initially agreed to provide financial support for adopted children until they turn 18.
Parent says changes don't reflect kids' complex needs
Melissa McArthur, a Fort Saskatchewan parent who has permanent guardianship of two children, says income testing could affect whether her husband could work overtime or accept a bonus, worrying it could risk the family losing thousands of dollars in government support if they exceed the income cap.
McArthur isn't working because she says meeting the kids' complex needs and navigating bureaucracy to get the support her children deserve is a full-time job.
"These take a toll and burn us out," McArthur said. "It's taking away pieces of me, and time. Time that belonged to my children."
She says income testing financial support fails to recognize the complexity of these children's needs.
Foster children often have trauma, and need counselling beyond what the province covers, she said. Her son has behavioural challenges, and McArthur drives him daily to a school in Ardrossan with a specialized program.
She said her son needs to keep busy with activities like swimming and indoor playgrounds to manage behavioural issues.
McArthur also fears the government will lower the income testing threshold in the future to save more money, disqualifying more families from receiving benefits.
A department spokesperson said government has no plans to do this.
In response to questions on Monday about reintroducing income testing, Turton said all families still qualify for other aid, including funds for respite care, counselling, travel costs for First Nations children to engage in cultural activities, orthodontic treatments, and others.
Parents say they have to constantly prove they qualify for this funding, and it doesn't cover the true cost of services.
Turton said the government will keep communicating with affected families about their needs and see if any will be "onerously financially burdened" by the change.
"With the additional supports that we've given to fostering and kinship caregivers, other responses been pretty positive," he said.
NDP children and family services critic Diana Batten called the addition of income testing "cruel" to the people involved.
"This change to supports for permanency is really going to make it difficult for new families to even think about engaging in the process of adoption," she said.

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SP500 Futures Analysis & Targets 5/3/25
SP500 Futures Analysis & Targets 5/3/25

Globe and Mail

time03-05-2025

  • Globe and Mail

SP500 Futures Analysis & Targets 5/3/25

SP 500 Futures (ESM25) There are two methods we use at ONE44 to find support and resistance in the markets. The first are major Gann squares, these are the yellow horizontal lines on the chart. On the chart you can see where the market turned multiple times at these levels. The second is Fibonacci retracements and this is what most of this post will be about. There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines. This is the short version. A 38.2% level keeps the trend intact and new highs/lows should follow. A 23.6% level shows the market is extremely strong, or weak. A 61.8% level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range. A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market. 5/3/25 ESM25 From last week, The rally after holding 23.6% (4850.00) back to the 2009 low is now just short of the 5566.00 major Gann square and this will be the key level for next week. The long term target remains at a new ATH. It has now made a higher low and higher high with this week's range and that adds to the positive view. Use 5566.00 as the swing point for the week. Above it, we already mentioned what the long term target is. The next major area of resistance will be between the 5850.25 major Gann square and 78.6% back to the ATH at 5880.00. The short term target is 61.8% back to the same high at 5652.00. The rally from 4850.00 (23.6% back to the 2009 low) has now taken out 61.8% back to the ATH at 5652.00, this will be the key level for the next week. The long term target remains a new ATH, however you always have to watch the 78.6% level, as this can cause a sharp setback. Use 4652.00 as the swing point for the week. Above it, the long term target is a new ATH. The short term target area is the 5850.25 major Gann square and 78.6% back to the ATH at 5880.00, a setback from this area can cause a quick selloff. Following the ONE44 78.6% rule, the setback could be 78.6% the other way, however as always we will be watching every retracement to see just how weak, or strong the market is regardless of the long term target. The 200 day average is at 5775.00. Above 5880.00 there is the 5996.50 major Gann square and then the cluster of major Gann squares that sent this market lower between 6102.00 and 6142.00. Below it, getting right back below 61.8% at 4652.00 on Monday can send this market 61.8% the other way at 5170.00, this would be the long term target. The short term target is 38.2% at 5376.00. Any setback that holds 23.6% at 5510.00 keeps the current trend extremely positive and a new high can quickly follow. We have done 46 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets. Here is the latest. Sign up for free updates for Gold, Crude Oil, SP 500 and Bitcoin here. ONE44 Analytics where the analysis is concise and to the point Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares. If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member. You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines. FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.

The Tariff News Turned The SP Futures, However Fibonacci Was There First
The Tariff News Turned The SP Futures, However Fibonacci Was There First

Globe and Mail

time11-04-2025

  • Globe and Mail

The Tariff News Turned The SP Futures, However Fibonacci Was There First

SP 500 Futures The chart is key to this analysis. (ESM25) We recently did a post on the SP 500 futures hitting our long term target and this is an update to it. On Monday morning we sent out that the overnight trade had hit a major level below. 4/7/25 The big plunge overnight took it to 23.6% back to the 2009 low at 4850.00. Here is what is possible on a failure to get back above 38.2% back to the 2022 low at 5153.50 and what to look for if it does. You can use 5153.50 as the swing point for the day and longer term. This is now 23.6% back to the ATH as well as a major Gann square. Not getting back... Holding 4850.00 and then closing back above 5153.50 would be a very positive sign and a new ATH could eventually follow. As always the first real test will be 38.2% back at 5340.00, a failure to get above here keeps the short term trend negative and a new low can quickly follow. The longer term targets are 61.8% at 5652.00 and then the area of the 5850.25 major Gann square, 78.6% back to the ATH at 5877.00 and the 200 day average at 5896.00. The wild trade over the last few days held 23.6% back to the 2009 low at 4850.00 and the rally from there has already closed above 38.2% back to the ATH at 5340.00. You can now use this as the swing point for the week and look for the levels above mentioned on Monday. There are two methods we use at ONE44 to find support and resistance in the markets. The first are major Gann squares, these are the yellow horizontal lines on the chart. On the chart you can see where the market turned multiple times at these levels. The second is Fibonacci retracements and this is what most of this post will be about. There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines. This is the short version. A 38.2% level keeps the trend intact and new highs/lows should follow. A 23.6% level shows the market is extremely strong, or weak. A 61.8% level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range. A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market. We have done 46 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets. Here is the latest. Sign up for free updates for Gold, Crude Oil, SP 500 and Bitcoin here. ONE44 Analytics where the analysis is concise and to the point Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares. If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member. You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines. FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.

SP 500 Futures Analysis, Our Long Term Target Has Been Hit, 5153.50
SP 500 Futures Analysis, Our Long Term Target Has Been Hit, 5153.50

Globe and Mail

time05-04-2025

  • Globe and Mail

SP 500 Futures Analysis, Our Long Term Target Has Been Hit, 5153.50

SP 500 Futures (ESM25) The chart is key to this analysis. ESM25 From 3/4/25 update, The idea of a long term top from the major Gann square cluster (6102.00/6142.00), 11/30/24 Above it, the long term target area above is 6102.00 to 6142.00. This is a cluster of major Gann squares and the area that a possible longer term top can come from. A failure to... has the potential to take this market back to the long term swing point at 5153.50, this is 38.2% back to the 2022 low and a major Gann square. The Cluster of squares has already turned the market sideways for the last 3 months with very large swings and it doesn't look like that is going to end any time soon. Here are a couple areas before the long term swing point to watch for a quick turn back up. From last week, They had a $280 rally from the long term 23.6% level at 5546.00 on the nearby chart, however as we pointed out in the last update, June is now the lead contract and we would have to watch the 38.2% retracement back to its contract high at 5815.00. It had one close above it (it always needs 2 to violate a key level) and the next day it was right back below it and closed slightly below the 38.2% level on the nearby chart at 5760.00 and the quick break from it has been over $200 so far. A 38.2% retracement should send the market to a new low to keep the current trend intact (ONE44 38.2% rule) and a failure to do so in the area of a 78.6% retracement can be the start of the next Bull run (ONE44 78.6% rule). Having said that, we will be watching the 78.6% retracement on the nearby chart at 5577.00, there is also a major Gann square at 5566.00 for added support. This will be the key area for the next week. Holding this area can send this market sharply higher. It has already hit the 78.6% level on the June chart at 5617.00. A failure to turn higher from this area will have us looking for the long term swing point at 5153.50. Use 5577.00 as the swing point for the week. Above it, the first target on a rally from a 78.6% retracement is 78.6% of where it just came from, with the current low this is 5790.00, it is also the 200 day average. This level will move down with any new low next week. The long..... NOW, It has now hit the long term target of 5153.50 from the cluster of Major Gann squares between 6102.00 and 6142.00 and this week should tell us if the long term trend remains positive despite the recent break, or there is a lot more to come on the downside. To say a lot of things happened in the last few weeks is a massive understatement, especially when looking at the Fibonacci retracements. After holding 23.6% back to the 2022.00 low on 3/13/25 the market rallied to 38.2% back to the ATH on the June contract as mentioned in the updates above at 5815.00, following the ONE44 38.2% rule we would be looking for a new low to keep the current down trend intact, but that we would be watching to see if it failed to make a new low in the area of a 78.6% retracement (5577.00) it hit this on Monday and as we said the first target when using the ONE78.6% rule is 78.6% the other way and that a lower low on Monday would lower that level above. With Mondays low the 78.6% level was 5770.00, this was hit when the first Tariff announcement started and it quickly failed from there. The point is no matter what the fundamental reason is for the market to move it is usually reacting off of Fibonacci retracement, or major Gann squares and a lot of times both. Friday closed below the long term swing that is 38.2% back to the 2022 low and a major Gann square. It will need to close back above it on Monday to keep the long term trend positive and if so following the ONE44 38.2% rule the long term target would be a new ATH. As always we will watch all the retracements on every move to see just how weak, or strong the market is regardless of the long term target. The first test on any rally would be 38.2% back to the ATH at 5496.00, a lower low next week will lower this level. A failure to get back above 5153.50 can send this market 61.8% back to the 2022 low at 4515.00, also a major Gann square. Use 5153.50 as the swing point for the week. Above it, the short term target is 38.2% back to the ATH at 5496.00. The longer term target is 78.6% of the same move at 5940.00. Any rally that can't get above 23.6% at 5335.00 is a very negative sign and a new low can quickly follow. Below it, the long term target is 61.8% back to the 2022 low at 4515.00. Before then there are major Gann squares to look for support and then use as the swing point point when closed below at 5022.25, 4889.50, 4759.25 and 4634.50. We have done 46 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets. Here is the latest. Sign up for free updates for Gold, Crude Oil, SP 500 and Bitcoin here. ONE44 Analytics where the analysis is concise and to the point Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares. If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member. You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines. FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.

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