Yes, I think it is a net tax reduction. One of the main groups that will benefit right now from three different caregiver credits—and these are phased out depending on the dependant's net income.... The group where it's phased out more quickly is those looking after an infirm family member who doesn't live with them, let's say a grandmother living down the street or across town. It's going to be the one-income level where it's phased out, and for that group, in particular, since it will be phased out at a higher income level, more can benefit.
On May 8th, 2017. See this statement in context.