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The Canada Workers Benefit (CWB) is a refundable tax credit in Canada. Introduced in 2007 under the name Workers Income Tax Benefit ( WITB ), it offers tax relief to working low-income individuals and encourages others to enter the workforce. [ 1 ]
Division IX deals with lay-offs of 50 or more people wherein a 16-week notice must be given to the Minister of Human Resources and Skills Development and the Canada Employment Insurance Commission and a 2-week notice to individual employees. Division X deals with the termination of fewer than 50 people wherein 2 weeks' notice or 2 weeks' pay in ...
Assuming a 40-hour workweek and 52 paid weeks per year, the annual gross employment income of an individual earning the minimum wage in Canada is between C$31,200 (in Alberta and Saskatchewan) and C$39,520 (in Nunavut). [4] The following table lists the hourly minimum wages for adult workers in each province and territory of Canada.
The department delivers a number of federal government programs and services including Employment Insurance (EI), Service Canada centres, Canada Student Loan Program (CSLP), Canada Pension Plan (CPP), issuing social insurance numbers (SIN) and the federal Labour Program among other things. Employment and Social Development Canada is part of the ...
In 2024 the Canada's General government gross debt-to-GDP ratio was 106%, [7] compared to the United States at 121 %. [8] According to the IMF's 2018 annual Article IV Mission to Canada, compared to all the G7 countries, including the United States, Canada's "total government net debt-to-GDP ratio", is the lowest. [9]
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.
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[9] $13B was also allocated to implement a means-tested dental care program, a policy originating in the NDP-Liberal deal of 2022. [8] The Canadian Dental Care Plan began rollout in December 2023. [10] The budget introduced a "grocery rebate" of up to $467 for eligible families and up to $234 for eligible single people with no kids.