Federal government tackles the rising cost of living
Thanksgiving is an opportunity to express what we are most grateful for – a loving family, strong friendships, good health and peace. I want to wish you all a very Happy Thanksgiving as you gather with your loved ones.
On September 8, many Canadians were deeply saddened to hear of the passing of Her Majesty Queen Elizabeth II. Her reign spanned many decades – a period of time where Canada came into its own as a confident, diverse and forward-looking country.
The Government of Canada hosted a national commemorative ceremony in honour of Her Majesty Queen Elizabeth II on September 19.
While this moment will forever be remembered in our nation’s consciousness, we also look to the future with the accession of His Majesty King Charles III as Sovereign of Canada.
Tackling Rising Cost of Living
Canadians are feeling the rising cost of living, particularly through higher food prices and rent. While inflation continues to be an entrenched global challenge, we are working to make life more affordable for Canadians who need it most. Here is how new legislation in the current parliamentary sitting will build on existing affordability measures:
1. Double the Goods and Services Tax Credit (GSTC) for six months to benefit roughly 11 million Canadians. Singles without children will receive up to $467, while married, common-law and single parents will receive up to $612 plus $161 for each child under the age of 19.
2. Direct payments of the Canada Dental Benefit so that children under the age of 12 have access to dental care starting this year. This is the first stage of our plan to deliver dental coverage for families with income under $90,000.
3. A one-time top-up to the Canada Housing Benefit to provide $500 to 1.8 million Canadian renters who are struggling with housing cost. This one-time federal benefit will be in addition to the Canada Housing Benefit.
Helping Students Succeed:
We know that education is one of the best tools to create jobs, grow our economy, and help young Canadians succeed. That is why we are expanding programs that help students and parents with the cost of education.
Full-time post-secondary students can receive up to $6,000 yearly from Canada Student Grants and Loans. We are also helping more Canadians access higher education by doubling the amount of Canada Student Grants and waiving the interest on Canada Student Loans until March 2023. In addition, those turning 18 this year can receive up to $2,000 for their education through the Canada Learning Bond.
Annual Corn Roasts
I want to thank everyone for coming out to the three corn roasts we hosted across Scarborough–Rouge Park in August. It was great reconnecting with so many of you again as we enjoyed delicious, locally grown corn and even better conversations. I appreciate those of you who reached out to me to share your thoughts on the pressing issues that matter to so many Canadians.
This event would not have been possible without the dedication and hard work of our extraordinary volunteers. Thank you so much for all that you do.
Connect With Us
As always, my team and I are happy to hear your thoughts, answer any questions, and assist you with any federal matters you may have. I encourage you to contact my office at 416-283-1414 or Gary.Anand@parl.gc.ca.