Thank you very much.
Thank you for coming today. Your insightful comments are very beneficial to our committee.
We have studied a range of things. I would like to talk about the working income tax benefit.
We've talked a lot at committee about low-income Canadians who, despite their hard work and efforts, haven't been able to scale the welfare wall. When individuals receive social assistance, the tax system often discourages them from joining the workforce, by clawing back nearly 80% of their income. Our new benefit represents the difference between being better off or worse off as a result of taking a job. The working income tax benefit is very new and is a first step on which to build.
To whomever on the panel would like to answer this question, could you perhaps explain to this committee what the benefit is and what it does for low-income Canadians?