Transcript - Supporting the middle class video
Supporting the middle class
We are helping middle-class Canadian families at every step of their lives.
When a baby is born, parents have a new choice: In addition to standard parental benefits, they can now choose to receive up to six months of additional parental benefits shared between the two of them.
And if the baby is born after March 17, 2019, parents who agree to share parental leave will be eligible for an additional five weeks of shared parental benefits.
When the child is ready for daycare, parents can access any of the 40,000 new affordable, high-quality, flexible and fully inclusive child care spaces that will be created by March 2020.
Launched in Budget 2017, part-time and full-time students can receive help to pay for studying at a designated college, university or other post-secondary institution.
Middle-class families have received a tax cut by asking the richest 1 percent of Canadians pay a little more.
The Canada Child Benefit is a tax-free support that provides more money to 9 out of 10 Canadian families. It helps parents pay the registration fees for sports or any other child costs important to Canadian families.
Adults who are out of school for 10 years or more could get $1,600 more per year in grants when studying at a post-secondary institution.
In addition, an unemployed person is able to go back to school to get the training they need to find a new job—without fear of losing their EI benefits.
When a parent has a stroke and needs care during their recovery, their child is eligible for the family caregiver benefit for adults and could take up to 15 weeks off work to care for their critically ill parent.
Reducing the waiting period from two weeks to one shifts forward the period during which EI benefits are payable. This measure results in claimants receiving one additional week of paid benefits.
As Canadians begin to plan for their retirement, they want certainty that they will be able to live with dignity. The newly strengthened CPP will help by providing today’s workers with more money they can count on when they retire, with increases of up to 50% for the youngest Canadians.
The age of eligibility for Old Age Security (OAS) and Guaranteed Income Supplement (GIS) benefits has been restored from 67 to 65 years old. Canadians are now automatically enrolled to receive the OAS pension and, if eligible, the GIS which is adjusted based on annual net income every year as long as their taxes are filed on time.
These are just some of the investments we have made to improve the lives of Canadians.