Revamped Dental Care Plan
Dental care costs have long posed a barrier for many Canadians. Ottawa is taking strides to address this by introducing a phased rollout of the largest federal dental care plan. Commencing in May 2024, this plan will offer affordable dental services, including cleaning, x-rays, root canals, and more. Particularly beneficial for senior citizens lacking health insurance, this initiative aims to make dental care accessible to a broader demographic.
Enhanced Canada Pension Plan
For today's workers and tomorrow's seniors, the Canada Pension Plan (CPP) is undergoing enhancements. The federal government plans to increase CPP contributions from both employees and employers, expanding pensionable earnings coverage. This move is anticipated to result in a positive impact on both employer and worker earnings.
Boosting Carbon Rebates
Come April 2024, the pollution price rebate's rural top-up rate is set to increase from 10 to 20 percent. This adjustment recognizes the unique challenges faced by rural residents, including high energy expenses, increased energy needs, and limited access to clean transportation. The change is a step toward addressing these challenges and fostering sustainability.