As with previous inflation relief, this new support has been carefully designed to avoid exacerbating inflation.īudget 2023 also takes new steps to put money in the pockets of people who need it most, crack down on junk fees, save Canadians money, and make post-secondary education more affordable. In Budget 2023, the government is introducing new, targeted measures to support Canadians. In the past year, the federal government has strengthened Canada's social safety net and provided targeted inflation relief to the Canadians who need it most. Federal Investments That Are Making Life More Affordableįighting climate change while making life more affordable with a federal price on pollution that puts more money back in the pockets of eight out of every ten Canadians in the provinces where it applies.ĭespite Canada's strong recovery from the pandemic, today, too many Canadians are struggling with the impacts of global inflation, which is making the cost of living a real challenge. In response, Budget 2023 delivers new, targeted inflation relief for the most vulnerable Canadians to support them with the cost of living.īudget 2023 also announces new support for students, new measures that will make life more affordable for the middle class, and further progress on the government's plan to make housing more affordable for Canadians. To ensure every Canadian has a safe and affordable place to call home, the government has a plan that will help put Canada on the path to double the number of new homes that will be built in Canada within a decade, help more Canadians buy their first home, and curb the unfair practices that are driving up prices.Īt a time of elevated global inflation, the government has also provided new, targeted support to the Canadians who need it most, and strengthened existing programs, such as the Canada Workers Benefit, that support millions of hardworking Canadians.īut we know that, for millions of Canadians, inflation means it is still difficult to make ends meet and put food on the table. Increases to the Guaranteed Income Supplement, Old Age Security, and the Canada Pension Plan mean more seniors can enjoy the secure and dignified retirements they deserve.Īn historic 2021 investment in a Canada-wide system of affordable early learning and child care has already delivered a 50 per cent average reduction in fees for regulated child care, brought fees down to just $10 a day in six provinces and territories, with the rest on track to reach this milestone by 2026, and strengthened the existing child care system in Quebec. The government introduced the Canada Child Benefit, and as a result, hundreds of thousands of children have been lifted out of poverty and millions of Canadian families have support with the costs of raising children. Since 2015, the federal government's focus has been investing in the middle class, growing the economy, strengthening Canada's social safety net, and making life more affordable for Canadians.
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