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THE MAPLE WEALTH
Wednesday, April 30, 2026
“Canada rewards people who know the rules. This week, three of them changed in your favour.”
- The Team at TheMapleWealth.ca
CANADA IS INVESTING $6 BILLION IN SKILLED TRADES JOBS
What happened
The Government of Canada released its Spring Economic Update on April 28, 2026. The headline for workers: $6 billion to recruit, train, and hire 80,000 to 100,000 new skilled tradespeople by 2030. The update also increased the Labour Mobility Deduction for Tradespeople, a tax deduction that lets construction tradespeople deduct the cost of moving for temporary work. That limit rose from $4,000 to $10,000 per year. The qualifying distance also dropped from 150 km to 120 km. Both changes apply starting with the 2026 tax year.
Why it matters for you
If you work in construction, electrical, plumbing, or any skilled trade, the demand for your skills in Canada is growing fast. More funding means more jobs and more competition for workers, which pushes wages up. If you travel for trade work, the higher deduction means you keep more of what you earn when you file your taxes. Canada is building infrastructure right now and needs the people to do it. That is a real opportunity, and it is open to anyone willing to show up for it.
IN BRIEF
Federal student loans in Canada are now interest-free Since April 2023, no interest is charged on federal student loans. The average borrower saves about $350 per year, and every payment now goes directly toward the balance. (Canada Spring Economic Update, April 28, 2026)
Personal support workers can now claim a new tax credit If you work at an eligible healthcare facility in Canada, you may qualify for a refundable credit worth 5% of your earnings, up to $1,100 per year. A refundable credit pays you even if you owe no tax. (Yahoo Finance Canada, April 2026)
Nearly half of Canadians feel anxious about money A new RBC poll found 47% of Canadians feel worried or overwhelmed about their finances. You are not alone, and every rule you learn puts you one step ahead of where you were yesterday.
TODAY'S TIP
Check if you qualify for the Canada Workers Benefit.
The Canada Workers Benefit (CWB) is a refundable tax credit from the Canada Revenue Agency (CRA) for working Canadians with lower to moderate incomes. The basic benefit can be up to $1,518 for a single worker and $2,616 for a family. You do not fill out a separate form. You claim it on Schedule 6 when you file your annual tax return. If you missed it in a previous year, you can submit an adjustment and receive the money retroactively. Visit canada.ca/cwb to check if you qualify. It takes about 3 minutes. Claiming what you have earned is one of the most direct ways to build wealth in Canada.
PARTNER SPOTLIGHT
On that note, another direct way to grow your income is earning cash back on spending you are already doing. The Simplii Financial Cash Back Visa is giving new cardholders 20% cash back on groceries, gas, and drugstore purchases for the first 3 months (up to $500 in spending). There is no annual fee. Apply through FinlyWealth and they will also send a $50 cash rebate directly to your bank account when you are approved. Two payouts. One application.
“Canada has programs that pay working people real money every year. Most of them go unclaimed because most people do not know they exist. See you Friday.”
- The Team at TheMapleWealth.ca