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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
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Federal Dental Insurance Plan Details Unveiled: What You Need to Know

 

 The CDCP is a federal plan that offers dental care benefits to uninsured Canadians with a household income under $90,000. Canadians must meet certain criteria, such as not having access to dental insurance, filing a tax return, and having out-of-pocket expenses for dental care. 

The plan covers various dental services, such as cleaning, fillings, root canal treatments, and dentures. The plan will reimburse a percentage of dental procedures, but some people may have a co-payment depending on their income level.

The plan is expected to start rolling out by the end of 2023, with the first claims processed in May 2024. The plan will be administered by Sun Life, which has been awarded an Early Work Agreement by the federal government.


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