Marner16 wrote: The Canada Workers Benefit, a refundable tax credit to help low-income earners, is being expanded.
A million more Canadians will be eligible. Single people without kids can get up to $1,400 — a group Ottawa says doesn't get much in the way of help. People with families get up to $2,400.
Eligibility is also being expanded. Single Canadians without children can earn up to $32,244 a year. Single-earner families can make up to $42,197, while dual-income families can earn up to $56,197.
Ottawa says the expansion means 3.2 million Canadians will be eligible.
There's also a new provision that lets secondary earners, which Ottawa says will be women in most cases, exclude up to $14,000 of their working income when calculating the benefit. This will result in a larger refund come tax time.
The federal government says the changes mean most full-time workers earning minimum wage will get money through the program. It also says it will mean more disposable income for low-wage families and provide incentives for Canadians to rejoin the workforce.