Saturday, February 7, 2026

Latest

Trudeau Proceeds with ‘Grocery Rebate’ to Address Cost of Living Crisis

The Liberals’ promised ‘grocery rebate’ is coming to eligible Canadians in early July. The legislation that implements the one-time $2.5 billion affordability-focused payment was passed by the Senate on Wednesday.

Bill C-46, also called the Cost of Living Relief Act, No. 3, would give 11 million low- and modest-income Canadians “hundreds of dollars in support by direct deposit or cheque” on July 5th.

Recipients of the grocery rebate will not be required to spend the money on groceries, they will have the freedom to use the rebate as they see fit. A single person with no children could receive a one-time grocery rebate of up to $234. A couple with two children could receive up to $467, and a senior citizen about $225. 

Canadian households earning $38,000 or less, and individuals earning $32,000 or less will automatically be eligible to receive the grocery rebate along with the July GST credit, but to receive the payment, it’s required for recipients to have filed their 2021 tax return.

The new legislation also enacts a $2 billion “unconditional” federal health transfer top-up that will soon be distributed to provinces and territories.


Information for this story was found via CTV News, Twitter, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Prices Are High, Experience Matters | Rob McLeod

Silver Is a Wild Animal, Gold Heads for $6,000 in 2026 | Craig Hemke

Is This the End of the Gold and Silver Rally? | Peter Grandich

Recommended

TomaGold Confirms Presence Of Berrigan Deep Zone Following Geophysics

Antimony Resources Reports Massive Stibnite Mineralization Over 25 Metres At Marcus (West) Zone

Related News

Mexico, Canada Must ‘Shut Border’ to Avoid Tariffs Says Trump’s Commerce Pick

Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, said on Wednesday that Mexico and...

Thursday, January 30, 2025, 02:04:00 PM

Canada’s Labor Market Suffers First Decline Since April

As a number of public health restrictions were tightened across Canada heading into the winter...

Friday, January 8, 2021, 02:45:00 PM

Canada’s Economy Could Lose Up To 500,000 Jobs As A Result Of Travel Restrictions

Since the onset of the pandemic, Canada has kept is borders shut to international tourists...

Saturday, October 24, 2020, 11:41:00 AM

Federal Reforms Target Random Violence and Repeat Offenses Under Bill C-14

The federal government introduced legislation Thursday aimed at tightening Canada’s bail process and increasing penalties...

Friday, October 24, 2025, 10:51:00 AM

Canadian Consumer Prices Still Aren’t Cooling as Food, Shelter Inflation Rise

Consumer prices across Canada remained elevated in November, as core inflation fails to cool. Particularly,...

Wednesday, December 21, 2022, 09:41:02 AM