Monday, June 8, 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

The Gold Trade Is Shifting From Margins to Growth | Geordie Mark – Blue Jay Gold

CopAur Minerals – This PEA Has A Mine Life of What?!

Ontario’s Fast Track to Silver Production Is Starting to Matter | Frank Basa – Nord Precious Metals

Recommended

Antimony Resources Trenching at Bald Hill Averages 19.5% Antimony, Peaks at 44.2%

Amid CBS Shuffle, Is Joe Rogan Replacing Anderson Cooper On 60 Minutes?

Related News

After BC, Federal Government to Go After Short-Term Rentals

Inspired by new legislation in British Columbia, the federal government is taking action to address...

Thursday, October 19, 2023, 12:07:00 PM

Canada’s GDP Expanded by 0.4% in October Amid Second Covid-19 Wave

It appears that the continued upward climb of Canada’s economy continued on the trajectory for...

Wednesday, December 23, 2020, 02:51:00 PM

Canada’s Economy Expanded by 0.7% in November

Following a 0.4% increase in October, Canada’s GDP level expanded by another 0.7% in November,...

Saturday, January 30, 2021, 11:10:00 AM

Canada Falls Out of Top 20 Richest Countries

Canada has slipped out of the top 20 richest countries, according to The Economist’s comprehensive...

Tuesday, January 2, 2024, 11:33:00 AM

Dispute Over US-Canada Border Program Remains Unsolved

A dispute between the United States and Canada over NEXUS, the two countries’ long-standing trusted-traveler...

Thursday, November 3, 2022, 11:32:00 AM