Tuesday, 02 January 2024 12:17 GMT

Prime Minister Carney Announces New Measures To Lower Costs For Canadians And Help You Get Ahead


(MENAFN- Caribbean News Global) OTTAWA, Ontario – In a rapidly changing and uncertain world, Canada's new government is focused on what we can control. We are protecting our communities and our country. We are building our economy with major projects and millions more homes. We are empowering Canadians with lower costs and new opportunities to help you get ahead. We cannot control what other nations do, but we can control what we choose to build – and we are building Canada Strong.

To deliver that change, we will take bold action and make responsible choices. Budget 2025 will spend less on government operations and reduce waste, so we can invest more to grow our economy and to protect the programs that make life more affordable for you.

To that end, prime minister, Mark Carney, announced key measures today from the upcoming federal budget that will lower costs and protect essential programs that empower Canadians:

  • Starting automatic federal benefits for the 2026 tax year that will reach up to 5.5 million low-income Canadians by the 2028 tax year. The CRA will automatically file these individuals' taxes to ensure they receive government benefits they qualify for, such as the GST/HST credit, the Canada Child Benefit, the Canada Disability Benefit, and more – including benefits that these Canadians may not be aware they are entitled to.
  • Making the National School Food Program permanent to provide meals for up to 400,000 children. This program ensures kids are fed healthy meals at school and saves families with two children $800 per year on groceries. By making it permanent, we will work with provinces, territories, and Indigenous partners to expand the program into more schools across Canada.
  • Renewing the Canada Strong Pass for the holidays and for summer 2026 so children and young families can discover Canada with lower costs. It will be renewed from December 12, 2025, to January 15, 2026, and then again for summer 2026. This also helps students travelling home for the holidays with a 25 percent discount on VIA Rail for young adults aged 18 to 24. With the Canada Strong Pass, Canadians can visit national, provincial, and territorial museums, historic sites, parks, and travel by rail for free or at a reduced cost.

These measures build on measures already taken – including cancelling the divisive consumer carbon tax, cutting taxes for 22 million middle-class Canadians, and eliminating GST for first-time homebuyers. Canada's new government will remain relentlessly focused on empowering Canadians with lower costs and new opportunities to help you get ahead.

The post Prime Minister Carney announces new measures to lower costs for Canadians and help you get ahead appeared first on Caribbean News Global .

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