The government also takes action to crack down on hidden junk fees and predatory lending, lower credit card transaction fees for small businesses, and help Canadians keep more money in their pockets. Through the new Grocery Rebate, Budget 2023 delivers targeted inflation relief for 11 million Canadians and families who need it most, with up to an extra $467 for eligible couples with children an extra $234 for single Canadians without children and an extra $225 for seniors, on average. Inflation in Canada has fallen for eight months in a row, our unemployment rate is near its record low, and, supported by a Canada-wide system of affordable early learning and child care, the labour force participation rate for women aged 25 to 54 reached a record high of 85.7 per cent in February.īudget 2023 builds on this important progress. Canada’s economic growth was the strongest in the G7 over the last year, and today, 830,000 more Canadians are employed than before the pandemic. Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released Budget 2023-A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future.Ĭanada has made a remarkable recovery from the COVID recession. MaOttawa, Ontario - Department of Finance Canada Federal budget will support a stronger middle class, an affordable economy, and a healthy future for Canadians
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