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

First Majestic Q3 Earnings: Another RECORD Quarter!

Barrick Q3 Earnings: Juicing Shareholder Returns Amid Declining Production

Wheaton Q3 Earnings: Cash Operating Margins Skyrocket

Recommended

Canadian Copper Set To Submit Environmental Impact Assessment In H1 2026 For Murray Brook

Goliath Resources Extends High Grade Zone To 580 Metres In Latest Assays

Related News

Anand Makes A U-Turn, To Run Again With Carney’s Backing

Canadian Transport Minister Anita Anand will announce on Friday that she is reversing her decision...

Friday, February 28, 2025, 09:23:00 AM

Canadian Manufacturing Sales Jump 3.5% in March

Manufacturing sales jumped higher in March, as Canada’s economy continues to recover from the Covid-19...

Monday, May 17, 2021, 11:01:00 AM

Canada Looks to Reduce Mining Permit Wait Times

Canada is set to enhance its energy security by significantly reducing the development timeline for...

Wednesday, February 14, 2024, 11:01:29 AM

Is This Your homework, Justin? Could Canada Be The Next Sri Lanka?

“Is this your budget deficit, Justin?” “Is this your debt to GDP ratio?” “We know...

Sunday, May 29, 2022, 09:00:00 AM

CFIB: 1 In 6 Canadian Small Businesses Face Closure Due To Covid-19

Following a sudden resurgence of Covid-19 before the end of 2020, many regions across Canada...

Friday, January 22, 2021, 02:33:00 PM