In 2015, Canadians voted to invest in the middle class. So we did, and it helped create over 1 million jobs, lift people out of poverty, & increase average incomes. We have a plan to make life more affordable for Canadians who are working hard to succeed. Here's how ⤵️
One of the first things we did as a government was ask the richest Canadians to pay a little more so we could cut taxes for the middle class. That means more money for over 9 million Canadians – and it has saved the average middle class family nearly $1,000 in the last 3 years.
We launched the Canada Child Benefit in 2016 – and increased it TWICE since then. Now, it gives families up to $5,602 per year for each kid between 6-17, and up to $6,639 per year for each kid under 6. That’s more money for families to spend it where they need it most.
We strengthened the Canada Pension Plan, boosted retirement benefits, and moved the age of eligibility from 67 back down to 65 so hardworking Canadians can have the secure & dignified retirement they deserve – without worrying about how to save for it.
And this year, we introduced the First Time Home Buyer Incentive. It'll make it easier for young families to buy their first home by helping with the down payment, and lowering the monthly mortgage by up to $286 per month.
Today, the average middle class family has $2,000 more in their pocket every year compared to 2015. But we know the cost of living is still a challenge – that's why we’ll keep working hard to create more jobs, grow the middle class, and make life more affordable for Canadians.
You can follow @JustinTrudeau.
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