Canada plans to exempt its new $200 monthly disability benefit from income tax, starting July 2024.

The Canadian government plans to introduce legislation exempting the Canada Disability Benefit from income tax, set to launch in July and provide up to $200 per month to eligible individuals. This move aims to prevent reductions in other provincial and territorial benefits. While advocates welcome the tax exemption, they argue the benefit amount is too low and seek future increases.

3 months ago
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