Our government continues to work hard on affordability. We are spending $8.9 billion in new supports this year that are designed to help allocate money back to Canadians, and here are some examples:
INCREASING THE CANADA CHILD BENEFIT
As we mark the sixth anniversary of the Canada Child Benefit, we’re continuing to put more money in the pockets of those who need it the most. To help with the rising cost of living, the amount families get from the Canada Child Benefit is going up as of July 20th.
This year eligible families can receive up to:
• $5,903 per child aged 6 through 17; and
• $6,997 per child under the age of 6.
For more information, visit: https:// w w w.canada.ca/…/canada-childbenefit-overview.html
SENIORS OAS INCREASE
Since 2015, our government has reduced the number of seniors living in poverty by 11 percent through restoring the age of eligibility for Old Age Security and Guaranteed Income Supplement to 65 and increasing the GIS for 900,000 single seniors. We’re taking another step towards improving conditions, as the OAS pension increased in July for seniors 75 and older. We know that seniors take on more health expenses as they age and are more susceptible to losing income when a spouse passes away. We will continue to focus on low-income seniors, and we are further assessing increases to the GIS.
WELCOME BACK TO SCHOOL!
After a nice summer break, students will be back to school next month. It is tough to begin daylong classes after a vacation topped with fun activities. Make the most of this school year and surround yourself with wisdom and move ahead with determination. It’s going to be a great year!