Let me mention four different aspects of the budget that are more relevant to families. The first one wasn't in the budget, but it was just before the budget, and that was the reduction of the tax on middle-lass families. We know that it will decrease taxes by an average of about $330 per adult for those nine million citizens who will benefit from the cut in their income taxes.
Second, there's significant investment in families with the Canadian child benefit. It's a budget of $23 billion. We know that this will benefit nine families out of ten by an average of $2,300. We also know that it will take 300,000 children out of poverty. As I said earlier, it will bring Canada to the lowest level of child poverty ever. It will also be the biggest fall in child poverty through a single measure. That's because it will reduce the child poverty rate from about 11.2% to 6.7%. That's a major outcome when we know that, again, it's not only the short-term well-being that matters. The longer-term impact of those investments is also important.
Third, there's the child care and early learning investment that we want to make. We've now announced resources in the budget for that. As I mentioned just quickly, in February and ever since then, when we've talked to our colleagues in the provinces and territories, we've heard that the involvement of the federal government is extremely important but must be respectful of the diversity of circumstances, interests, and ambitions of our provinces and territories. This is the universal, constant message that we had received and that we are receiving.
Finally, the significant investment in housing will help seniors, indigenous people in our northern communities, and also our families with children, especially those families struggling to make ends meet.