Making Life More Affordable for Canadians This Year

Canadians are feeling the rising cost of living, particularly through higher grocery bills 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 those who need it most. 

Last Tuesday, the 13th, the Prime Minister announced additional measures to ease the toll of inflation for Canadians struggling with the rising cost of living. We’re going to:

• Put up to an extra $234 in the pockets of single Canadians without children and up to $467 for couples with two children this year by doubling the GST tax credit for six months;
• Provide up to $1,300 over the next two years for dental care for children under 12, starting this year; 
• Deliver $500 to qualifying low-income renters this year, including students. 

These measures build on the strong action we’ve taken since 2015 to make life more affordable for Canadians. From cutting taxes for the middle class by raising them on the wealthiest 1%, to delivering the Canada Child Benefit and putting more money into the pockets of nine out of ten families, to cutting child care fees in half on average by the end of this year, we are delivering support for the middle class and those working hard to join it. 

To learn more, visit Making life more affordable for Canadians this year | Prime Minister of Canada (pm.gc.ca), Making Housing More Affordable: One-time top-up to the Canada Housing Benefit program - Canada.ca