Canadians are feeling the rising cost of living, particularly through higher food prices and rent. While inflation is a global challenge – caused by the COVID-19 pandemic and Russia’s illegal and unjustifiable invasion of Ukraine – we are helping families weather its impacts by working to put more money back in the pockets of the middle class and those working hard to join it this year.
The Prime Minister, Justin Trudeau, today announced that the government’s first pieces of legislation introduced in the upcoming Parliamentary sitting would make life more affordable for Canadians who need it most.
The measures in these bills would:
These measures build on the strong action we have been taking since 2015 to make life more affordable and build an economy that works for all Canadians. From cutting taxes for the middle class and raising them on the wealthiest one per cent, to delivering a Canada Child Benefit and raising it every year to continue putting more money back in the pockets of nine out of 10 families with children, to cutting regulated child care fees in half on average by the end of this year for families across the country, we are delivering support for the middle class and those working hard to join it.