The federal budget will likely put more cash in your pocket. Here's who will benefit the most
Toronto Star · Estella Ren ·
Changes include a 50 per cent top-up to the Canada Groceries and Essentials Benefit, a boost to the Canada Workers Benefit and a more generous caregiver credit.
This year’s federal budget promised to help Canadians deal with the affordability crisis, but much of the relief will flow toward lower-income Canadians, with less on offer for middle-class households.
Canadians with modest incomes stand to benefit the most, thanks to a 50 per cent top-up to the Canada Groceries and Essentials Benefit, expanded access to the Canada Workers Benefit and a caregiver tax credit that could pay out even to those who owe no income tax.
Ottawa also moved to make tax filing less of a headache by allowing taxpayers to claim certain deductions and credits without having to keep receipts or itemizing expenses.
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