The government’s increased Canada workers benefit (CWB) is set to cost more than double at about $4 billion, and a large reason for the high expenditure is because the benefit will be released to many Canadians who are no longer eligible for it, says Parliamentary Budget Officer (PBO) Yves Giroux.
The CWB is a refundable tax credit that low-income individuals can claim on their annual income tax returns. Those who apply early can also get up to half of their CWB payment in advance.
A Sept. 13 statement issued by Prime Minister Justin Trudeau announcing a support package to “make life more affordable for Canadians” in the face of inflation and the rising cost of living, stated that the government would spend $1.7 billion on increasing the CWB….
Source: The Epoch Times
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