2018 Federal budget highlights

With the release of its 2018 Budget on February 27th, the federal government made real progress on its 2016 election commitment to connect more low-income and vulnerable Canadians to their benefits. 

 

Presented by the Hon. Bill Morneau, Minister of Finance, the Budget contained significant measures to: improve Canada Revenue Agency (CRA) service delivery, enrich and automate access to the Working Income Tax Benefit, double investment in the Community Volunteer Income Tax Program, further expand some Canada Pension Plan (CPP) benefits, and improve access to the Canada Child Benefit and other benefits for Canada’s Indigenous Peoples and other vulnerable groups.

 

Prosper Canada will be working with the CRA to see how it and ABLE Financial Empowerment Network members can support proposed new initiatives to connect more Canadians with low incomes to their benefits.

 

Read our summary of Budget initiatives to advance financial empowerment, as well as other initiatives aimed at fostering inclusion and equity.