Top Results For: child tax breaks

WATCH: University of Regina economics professor Jason Childs explains the GST holiday tax break and what items are included and if it would impact cost of living for consumers. Meantime, he adds this break is a huge cost for retailers. If passed in the Senate, the temporary measure would be between Dec. 14 2024 until...

Finance Minister Bill Morneau defended the child tax credits included in the federal budget released on Tuesday, saying that the average Canadian family with children will receive $2,300 in tax breaks.

Hammered by Conservative MP Pierre Poilievre about his government’s decision to axe the child fitness tax credit, Prime Minister Justin Trudeau argued that low-income families “don’t benefit” from tax breaks because “they don’t pay taxes.”