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Investing in the Middle Class

18 Mar 2019

The Canada Workers Benefit will help low- income workers take home more money while they work—up to nearly $500 more for a worker earning $15,000 in 2019—encouraging more people to join and remain in the workforce, and offering real help to more than 2 million Canadians who are working hard to join the middle class. [...] Thanks, in part, to a number of investments such as the income-boosting effects of the Canada Child Benefit and the increase to the top-up to the Guaranteed Income Supplement for single seniors, the Government has achieved its targeted 20 per cent reduction of poverty three years ahead of time, lifting over 825,000 Canadians out of poverty in 2017, including 278,000 children, compared to 2015. [...] Supported by investments in the middle class, it is the hard work of Canadians that is creating good, well-paying jobs, growing the economy, and helping to make life more affordable for people across the country. [...] At the same time, Canada’s relatively low debt burden, combined with historically low interest rates, gave the Government room to invest to grow the economy—helping to create good, well-paying jobs in the short term, while building the infrastructure and skilled workforce needed to keep the economy strong and growing for years to come. [...] Instead of facing low growth as a result of austerity and cuts, the Government’s investments in people and in the communities they call home have helped to drive the strong economic growth Canadians needed to feel more confident.
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ISSN
17197740
Pages
464
Published in
Ottawa, ON, CA

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