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If U.S. President Joe Biden is successful in his bid to pause gas taxes in the U.S., Canada will be the only G7 country not to bring in a tax cut or a subsidy to help people at the pump. But some experts say a gas tax holiday is not the answer.
As part of its new Affordability Plan, the federal government has announced changes to the Canada Workers Benefit (CWB), which could impact as many as three million Canadians. On June 16, the Department of Finance confirmed that the benefit would be enhanced in 2022 with new support for low-income individuals and families who are working.
Deputy Prime Minister and Finance Minister Chrystia Freeland is delivering her first major speech since the budget today, outlining $8.9 billion in financial supports her government has introduced already to help Canadians deal with rising inflation.
As Dr. Teresa Kieser's career nears its end, she wants to shine a light on the gender-based discrimination she says she faced during her 34-year career.
The federal government updated the Canada Workers Benefit (CWB) back in 2021 and today, over three million Canadians are now eligible for the refundable tax credit. The Canada Workers Benefit has been set in place to help supplement the earnings of low-income Canadians. For Canadian families who are eligible, you could receive up to $2,400, whereas single individuals who qualify can expect a maximum amount of $1,400.