Federal budget bill receives Royal Assent, expands benefits for low-income workers
Deputy Prime Minister and Finance minister Chrystia Freeland delivering the Budget on April 19th, 2021, Image provided by Parlvu; Government of Canada
The federal budget bill, C-30, was adopted by the Senate Tuesday and received Royal Assent marking what Ottawa is calling “a historic expansion of the Canada Workers Benefit”.
Finance Minister Chrystia Freeland says this opens the program to about a million low-income Canadians who did not previously qualify for this support.
The new legislation will give up to $1,400 for single workers and $2,400 for families by significantly raising the threshold for the benefit.
Single workers earning up to $32,244, families earning up to $42,197 and dual-earner families earning up to $56,197 will now receive this support through their tax refund.
And finally, secondary earners are now allowed to exclude up to $14,000 of their working income when calculating the support they can receive under the Canada Workers Benefit.
Freeland said that means the first $14,000 a second income earner brings home will not reduce their family’s eligibility for the Canada Workers Benefit.