We will also lift more Canadians – including children and seniors – out of poverty.
Poverty and inequality are not just problems for individual Canadians – all of Canada is affected. For Canadians, poverty makes it more difficult to get and stay healthy, and more difficult to find and keep good work. For Canada, the costs of poverty – seen in higher health care costs and greater demand for social assistance – are immense.
Our plan will lift Canadians out of poverty starting immediately after the next election.
We will introduce a new Canada Child Benefit. Tax-free, tied to income and delivered monthly, this benefit provides greater support to those who need help most: single-parent families and low-income families. It will lift 315,000 children out of poverty.
We will help to lift hundreds of thousands of seniors out of poverty by increasing the Guaranteed Income Supplement for single low-income seniors by ten percent. This will give one million of our most vulnerable seniors – who are often women – almost $1,000 more each year.
And, as part of our new investment in social infrastructure, we will prioritize investments in affordable housing and seniors’ facilities, build more new housing units and refurbish old ones, give support to municipalities to maintain rent-geared-to-income subsidies in co-ops, and give communities the money they need for Housing First initiatives that help homeless Canadians find stable housing.