MISSISSAUGA, ON, Feb. 11, 2019 /CNW/ - Every Canadian deserves a real and fair chance to succeed. That's why, since 2015, the Government of Canada has created three new benefits that provide more support to middle class Canadians and those working hard to join the middle class.
Today, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development was in Mississauga to announce the impact that the three new benefits, the Canada Child Benefit (CCB), the Canada Workers Benefit (CWB), and the Canada Housing Benefit (CHB), will have on Canadians. When the final benefit is launched in 2020, a family making low-income wages with one child under 6 years old and one child between the ages of 6 and 17 could receive up to $17,000. This is almost $5,000 more than under the previous system of child benefits and the Working Income Tax Benefit (WITB).
In July 2016, the Government launched the CCB. This new simpler and tax-free benefit provides more money to 9 out of 10 families. In July of 2018, the Government began indexing the CCB to inflation. This change means that for a single parent earning $35,000 with two children, the indexation of the CCB will contribute nearly $600 towards the increasing costs of raising his or her children for the 2019–20 benefit year.
Announced in Budget 2018 and starting this year, the new Canada Workers Benefit will provide more support to Canadians who are working hard to join the middle class. This new benefit replaces the old WITB and will help lift an additional 74,000 Canadians out of poverty.
For example, an individual without children could receive more than $1,300, while families (couples and single parents) could receive more than $2,300. That's more money to help cover costs such as healthy food and clothing.
Announced in November of 2017, and launching in 2020, the CHB will provide an average of $2,500 to Canadians in housing need. Designed to meet local needs and delivered by provinces and territories, the CHB will be a new tool to fight the challenge of housing affordability. As part of the National Housing Strategy, the CHB is expected to help 300,000 families for whom housing affordability is a challenge.
Initiatives like these support the Government's overall commitment to improve the well-being of all Canadians and strengthen the middle-class.
"Through initiatives like the Canada Child Benefit, the new Canada Workers Benefit and the planned Canada Housing Benefit, we continue to make the necessary investments to help the middle class and grow the economy by putting money in the pockets of Canadians."
– The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development
- The CCB is a tax-free benefit that is simpler and more generous than the previous system of child benefits. The CCB was indexed to inflation two years ahead of schedule to keep up with the cost of living. Overall, the CCB is helping almost 3.7 million Canadian families.
- The Government is introducing the Canada Workers Benefit, a strengthened version of the Working Income Tax Benefit, to help low-income workers take home more money while they work, encouraging more people to join and stay in the workforce.
- As part of the National Housing Strategy, the Government is working with provinces and territories to develop the new Canada Housing Benefit in 2020 which is expected to help 300,000 families with the costs of housing.
SOURCE Employment and Social Development Canada
For further information: For media enquiries, please contact: Valérie Glazer, Press Secretary, Office of the Honourable Jean-Yves Duclos, P.C., M.P., Minister of Families, Children and Social Development, 819-654-5546; Media Relations Office: Employment and Social Development Canada, 819-994-5559, [email protected]