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Canada's Trudeau announces C$4.5 bln inflation relief package for low earners

Canada's Trudeau announces C$4.5 bln inflation relief package for low earners

Reuters · 09/13/2022 11:40
Canada's Trudeau announces C$4.5 bln inflation relief package for low earners

- Canadian Prime Minister Justin Trudeau announced C$4.5 billion ($3.43 billion) in measures on Tuesday intended to provide relief from high inflation to low-income families.

The measures include a tax-free quarterly payment that helps individuals and families with low and modest incomes offset sales tax, and a C$500 onetime top-up to a housing benefit that is provided to low earners who help paying rent, Trudeau said.

The support package includes money previously allocated in the budget and C$3.1 billion in additional funding.


($1 = 1.3121 Canadian dollars)


(Reporting by Ismail Shakil and Steve Scherer in Ottawa)

((ismail.shakil@tr.com;))