Ali Ehsassi
Ali Ehsassi
Member of Parliament for Willowdale
Budget 2023 | Making Life More Affordable and Supporting the Middle Class

As the Budget 2023 plan continues to take place, Chapter One focuses on making life more affordable and supporting the Canadian Middle Class. 


        1. A New Grocery Rebate for Canadians

  • For 11 million low- and modest-income Canadians and families, the Grocery Rebate will provide eligible couples with two children with up to an extra $467; single Canadians without children with up to an extra $234; and seniors with an extra $225 on average. This will be delivered through the Goods and Services Tax Credit (GST Credit) mechanism.


  • Budget 2023 proposes to introduce a one-time Grocery Rebate, providing $2.5 billion in targeted inflation relief to the Canadians who need it most. The Grocery Rebate will be delivered through a one-time payment from the Canada Revenue Agency as soon as possible following the passage of legislation.


      2. Cracking down on junk fees 

This builds on recent steps the government has taken to protect Canadians from hidden costs, including:

  • Amendments to the Competition Act to strengthen protections against hidden prices.


  • Amendments to the Bank Act and Financial Consumer Agency of Canada Act to protect Canadians' rights and interests when dealing with their banks.


  • A new policy direction to the Canadian Radio-television and Telecommunications Commission to ensure Canadians can affordably and easily change, downgrade, or cancel services.


     3. Cracking Down on Predatory Lending

The current criminal rate of interest under the Criminal Code, equivalent to 47 per cent APR (annual percentage rate), can trap Canadians in a cycle of debt that they cannot afford and cannot escape.




     4. Lowering Credit Card Transaction Fees for Small Businesses

To support hardworking owners of small businesses, the federal government has been working closely with the payment card industry and small businesses to lower these transaction fees.




     5. Supporting your right to repair

When it comes to broken appliances or devices, high repair fees and a lack of access to specific parts often mean Canadians are pushed to buy new, instead 0f making repairs


     6. Common Chargers for Your Devices

Every time Canadians purchase new devices, they need to buy new chargers t0 go along with them, which drives up costs and increases electronic waste


      7. Automatic Tax Filing

Budget 2023 announces that the federal government will increase the number of eligible Canadians for File My Return, and in the 2022 tax filing season, approximately 53,000 returns were filed using this service. 



      8. Making Life More Affordable for Students

Budget 2023 proposes to provide $813.6 million in 2023-24 to enhance student financial assistance for the school year starting August 1, 2023.

This support aims to address: 




These changes will allow post-secondary students to access up to $14,000 in enhanced Canada Student Financial Assistance for the upcoming school year.


       9. Improving Registered Education Savings Plans

In a typical year, nearly 500,000 students withdraws funds from their RESP's (Registered Education Savings Plan), however the withdrawal limits have not increased in 25 years.



       10. Supporting Our Seniors

The Old Age Security program - consisting of the OAS pension, the Guaranteed Income Supplement (GIS), and the Allowances - is Canada's largest federal program, forecasted to provide $75.9 billion in support to seniors in 2023-24.




Because of the government’s investments, the indexation of benefits to inflation, and the growing seniors population, OAS, GIS, and Allowance expenditures are projected to grow by close to 30 per cent to $96.3 billion in 2027-28 from 2023-24—an increase of more than $20 billion per year and growing.


Read more about budget 2023 here


Main office - Toronto
115 Sheppard Avenue West
Toronto, Ontario
M2N 1M7


Show Map

Hill Office
House of Commons
Ottawa, Ontario
1A 0A6


Show Map