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Existing federal social security programs were modified to provide additional financial support to their recipients. Canada Child Benefit payments were given a one-time increase of $300 per child, [3] the Goods and Services Tax (GST) credit for the 2019 tax year was doubled, [4] and personal income tax deadlines for 2019 were extended.
In Canada, the entirety of the social provisions of government are called social programs (French: programmes sociaux), as opposed to social welfare in European/British parlance. Like in the United States, welfare in Canada colloquially refers to direct payments to low-income individuals only, and not to healthcare and education spending. [2]
The Canadian SR&ED tax incentive is the government's largest single support program for R&D. Canada has one of the more generous R&D programs among OECD countries. [2] [3] "Each year the SR&ED program provides over $4 billion in investment tax credits (ITCs) to over 18,000 claimants. Of these, about 75% are small businesses."
Sales taxes on new or significantly renovated housing used as a primary residence may be eligible to have a portion of charged federal and provincial sales taxes rebated. New homes valued up to $450,000 may be eligible for a 36% rebate on GST charged up to a maximum of $6,300. [17]
Quebec residents pay 16.5% less federal income tax annually than other Canadian provinces due to the Quebec Abatement. [42] This lower direct income tax for Quebec residents is factored in when the federal government transfers (Canada Health Transfer, Canada Social Transfer and Equalization) funds back to the Quebec government. [42]
The Trump administration and federal employee unions are in a head-to-head lobbying battle as workers face a Feb. 6 deadline to decide whether they want to accept a government buyout. The Office ...
In Canada, the federal government makes payments to less wealthy Canadian provinces to equalize the provinces' "fiscal capacity" — their ability to generate tax revenues. The program began in 1957. [5] In 2016-2017, six provinces will receive $17.9 billion in equalization payments from the federal government. [6]
A-1) [1] (French: Loi sur l'accès à l'information) or Information Act is a Canadian Act providing the right of access to information under the control of a federal government institution. As of 2020, the Act allowed "people who pay $5 to request an array of federal files". [2] Paragraph 2.