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Home Blogs Canadian News

Legislation to make life more affordable and build an economy that works for everyone receives Royal Assent

Duha Faris Al-Serdar by Duha Faris Al-Serdar
December 19, 2022
in Canadian News, Blogs
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Legislation to make life more affordable and build an economy that works for everyone receives Royal Assent
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Update: Our government’s legislation to provide support for students, to help small businesses grow and succeed, to make housing more affordable (and more!) has officially become law

If you’re a student, we’re permanently eliminating interest on Canada Student Loans and Canada Apprentice Loans. If you own a growing small business, we’re cutting your taxes from 15% to 9%. And if you’re looking to buy your first home, we’re doubling the First-Time Home Buyers’ Tax Credit to provide you with up to $1,500 in direct support, and we’re introducing the new Tax-Free First Home Savings Account to help you save up to $40,000 tax-free

We’re also cracking down on house flipping, requiring Canada’s financial institutions to pay their fair share, bringing new investment to Canada, and more. To find out what this legislation becoming law means for you, and how we’re working to build a better future for all Canadians, click here: https://bit.ly/3FwATi4

Justin Trudeau 

Prime Minister of Canada | Premier ministre du Canada

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