Source: https://www.budget.gc.ca/2018/docs/plan/chap-01-txt-en.html
Timestamp: 2020-02-22 13:48:37
Document Index: 502051944

Matched Legal Cases: ['art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1']

Budget 2018: Chapter 1 - Growth - Text Version
Chapter 1 - Growth - Text Version
Chart 1.1 - Enhancing the Canada Workers Benefit, 2019
Chart 1.1a
Benefit Amounts ($)
1,059 611 0
1,355 1,093 493
Chart 1.1b
1,750 1,922 1,411 661 0
1,820 2,335 1,978 1,378 778
Chart 1.2 - CWB Enhancement for Unattached Workers, 2019
The chart shows how an unattached individual’s entitlement to the proposed Canada Workers Benefit (CWB) would depend on that individual’s earnings and net income. The CWB would provide a refundable tax credit of 26 per cent of each dollar of earned income in excess of $3,000, reaching a maximum benefit of $1,355 at earned income of $8,212. Once the individual’s net income exceeds $12,820, the benefit would be reduced at a rate of 12 per cent of each additional dollar, until the benefit is fully phased out at net income of $24,111.
The chart also illustrates how the proposed CWB compares to the benefit that would otherwise be received taking into account the enhancement to the Working Income Tax Benefit (WITB) in 2019 associated with the Canada Pension Plan enhancement. Under that design, the WITB would provide a refundable tax credit of 26 per cent of each dollar of earned income in excess of $3,000, reaching a maximum benefit of $1,192 at earned income of $7,585. Once the individual’s net income exceeds $12,220, the benefit would be reduced at a rate of 14 per cent of each additional dollar, until the benefit is fully phased out at net income of $20,734.
Finally, the chart illustrates how the proposed CWB compares to the benefit that would otherwise be received in the absence of the enhancement to the WITB associated with the Canada Pension Plan enhancement. Under that design, the WITB would provide a refundable tax credit of 25 per cent of each dollar of earned income in excess of $3,000, reaching a maximum benefit of $1,080 at earned income of $7,320. Once the individual’s net income exceeds $12,220, the benefit would be reduced at a rate of 15 per cent of each additional dollar, until the benefit is fully phased out at net income of $19,420.
Chart 1.3 - CWB Enhancement for Couples and Single Parents, 2019
The chart shows how a couple’s or a single parent’s entitlement to the proposed Canada Workers Benefit (CWB) would depend on that family’s earnings and net income. The CWB would provide a refundable tax credit of 26 per cent of each dollar of earned income in excess of $3,000, reaching a maximum benefit of $2,335 at earned income of $11,981. Once the family’s net income exceeds $17,025, the benefit would be reduced at a rate of 12 per cent of each additional dollar, until the benefit is fully phased out at family net income of $36,483.
The chart also illustrates how the proposed CWB compares to the benefit that would otherwise be received taking into account the enhancement to the Working Income Tax Benefit (WITB) in 2019 associated with the Canada Pension Plan enhancement. Under that design, the WITB would provide a refundable tax credit of 26 per cent of each dollar of earned income in excess of $3,000, reaching a maximum benefit of $2,165 at earned income of $11,327. Once the family’s net income exceeds $16,875, the benefit would be reduced at a rate of 14 per cent of each additional dollar, until the benefit is fully phased out at net income of $32,339.
Finally, the chart illustrates how the proposed CWB compares to the benefit that would otherwise be received in the absence of the enhancement to the WITB associated with the Canada Pension Plan enhancement. Under that design, the WITB would provide a refundable tax credit of 25 per cent of each dollar of earned income in excess of $3,000, reaching a maximum benefit of $1,961 at earned income of $10,844. Once the family’s net income exceeds $16,875, the benefit would be reduced at a rate of 15 per cent of each additional dollar, until the benefit is fully phased out at net income of $29,948.
Chart 1.4 - Comparison of Canada Child Benefit and Old Child Benefit System, 2017–18
Net child benefits, 2017-2018 benefit year ($)
7,590 11,125 3,535
4,120 6,790 2,670
1,848 0 -1,848
Chart 1.5 - Annual GIS Benefits for Single Seniors, 2017
Top-up after increase
Chart 1.6 - Women Account for the Vast Majority of New EI Parental Claims and of the Total Amount Paid in EI Parental Benefits
Chart 1.6a
New EI parental claims
Chart 1.6b
Total amount paid in EI parental benefits
Chart 1.7 - Canada's Free Trade Network
62.5 1,479
21.6 2,229
12.5 2,333
Chart 1.8 - Reduction in the Small Business Deduction Limit Based on Passive Investment Income
Business Limit ($)
75,000 375,000
Figure 1.1 - Canada's National Housing Strategy Over $40-Billion, 10-Year Investment
Canada’s National Housing Strategy is a more than $40 billion dollar, 10-year investment in affordable housing.
Over the next decade, the National Housing Strategy will:
Create more than 100,000 new housing units;
Protect 385,000 community housing units and create 50,000 more;
Remove 530,000 households from housing need;
Support 300,000 households with a Canada Housing Benefit;
Reduce chronic homelessness by 50 per cent; and,
Repair and renew 300,000 existing housing units.
Figure 1.2 - EI Parental Sharing Benefit
Parents can share the 35 total weeks in various combinations. For example, one parent could choose to access 20 weeks, and the other 15 weeks; or one parent could choose to access 10 weeks, and the other 25 weeks.
Parents can share the 40 total weeks in various combinations. For example, parents could choose to split the parental benefits equally and each access 20 weeks; or one parent could choose to access 15 weeks, and the other 25 weeks.
Figure 1.3 - Preparing Canada’s Labour Force for the Skills of Tomorrow
A graphic outlining an initiative which will include two elements. The first element is the Skills Innovation Council which will include up to 15 expert independent members who report publicly through the Minister of Employment, Workforce Development and Labour. The second element is the Skills Lab which is an autonomous research lab to pursue projects to prototype, test and disseminate evidence on skills development and measurement.