On February 27th, Minister of Finance, Hon. Bill Morneau presented the 2018 Federal Budget. The budget is working towards connecting more vulnerable Canadians to Benefits by improving access and expanding programs.
Some items that were highlighted are:
o Working Income Tax Benefit: increase benefit amount and accessibility
o Canada Child Benefit: increase benefit amount and accessibility
o Canada Learning Bond: Federal and Ontario government are partnering to integrated RESP referrals into Ontario’s online birth registration process to increase take-up of the program.
o Canada Pension Plan: increase benefit amount to provide a more secure retirement
o Canada Revenue Agency: improve client services and increase accessibility
o Employment insurance: improve EI claims processing and service delivery
o Financial Services and consumer protection: enhance consumer protection in banking.
For the full report go to: http://prospercanada.org/prospercanada/media/PDF/News/Fed-Budget-Summary-Mar-6-2018.pdf