Le Lézard
Classified in: Business
Subjects: SVY, ECO, CFG

Over 1 million Canadians have been lifted out of poverty since 2015


Statistics Canada data shows largest three-year reduction in Canadian history

GATINEAU, QC, Feb. 24, 2020 /CNW/ - The Government of Canada is commited to growing the middle class and helping those working hard to join it. 

The Honourable Ahmed Hussen, Minister of Families, Children and Social Development, today welcomed the results of the 2018 Canadian Income Survey. The survey found that over 1 million Canadians have been lifted out of poverty since 2015, and that the poverty rate in Canada continues its downward trend.

The results of the survey show that more Canadians than ever are joining the middle class. Thanks to programs like the Canada Child Benefit, the increase to the Guaranteed Income Supplement and the middle class tax cut, Canadians have more money in their pockets. Today's release shows a significant reduction in poverty in Canada, representing the largest three-year reduction in Canadian history. 

Quote

"The Government of Canada is committed to growing the middle class and helping those working hard to join it. Today's announcement is further proof that our plan is working. However, we know there is much more to do. That is why we will keep working hard to reduce poverty and make sure that every Canadian has a real and fair chance to succeed."
? The Honourable Ahmed Hussen, Minister of Families, Children and Social Development

Quick Facts

Associated Links

2018 Canadian Income Survey 
Report on the second comprehensive review of the Market Basket Measure
Opportunity for All ? Canada's First Poverty Reduction Strategy

Follow us on Twitter

SOURCE Employment and Social Development Canada


These press releases may also interest you

at 10:49
United Community has once again topped the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, ranking highest in Customer Satisfaction with Consumer Banking in the Southeast. This is the tenth time United Community has won the prestigious award....

at 10:49
Colony Roofers (CCC1335429), renowned for its premier quality roofing services across the southeast, announces the opening of a new office in Tampa, Florida, solidifying its commitment to serving Florida residents and businesses. Strategically...

at 10:49
A new measure to protect Florida consumers against dishonest towers was signed into law recently by Governor Ron DeSantis (R-FL). The legislation (HB 179), which was strongly supported by the National Insurance Crime Bureau (NICB), will provide...

at 10:46
FullCare Medical has launched a new medical garment production facility in Tatu City, the 5,000-acre mixed-use Special Economic Zone (SEZ) in Kenya....

at 10:37
Reveal Technology, Inc. (Reveal), is proud to share that they have been granted a $3.2M research, development, testing and evaluation (RDT&E) contract award with the Marine Corps Warfighting Laboratory (MCWL)....

at 10:35
Urbanfund Corp. ("Urbanfund" or the "Company"), announces that it entered into loan agreement dated March 27, 2024 (the "Loan Agreement") pursuant to which the Company has agreed to loan Westdale Construction Co. Limited ("Westdale") the principal...



News published on and distributed by: