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 $30,000 Gold Case Just Got Stronger | Simon Marcotte

Why Silver’s Move Is ‘Scary’ to Some Miners | Frank Basa

Are Commodities Entering a Generational Cycle? | Terry Lynch

Recommended

Antimony Resources Ramps Up Drilling As It Hires SRK For Maiden Resource Estimate

McLaren Resources: Strategic Exploration in the Heart of the Timmins Gold District

Related News

Investment in Building Construction Hits Another Record High in February

Investment in Canada’s building construction topped a record high in February for the second month...

Monday, April 12, 2021, 11:47:00 AM

Canadian Retail Sales Rebound to 100% of February’s Pre-Pandemic Levels

As restrictions continue to be lifted across Canada’s provinces and the economy enters a modest...

Thursday, July 23, 2020, 01:47:00 PM

73 Days, 5 Bills: Canada’s Parliament Records Fewest Sitting Days Since 1937

Canada’s House of Commons completed one of its least productive years on record in 2025,...

Friday, December 26, 2025, 03:37:00 PM

OECD Boosts Canada’s Economic Growth for 2021

The Organization for Economic Co-operation and Development (OECD) has raised economic growth projections for Canada...

Tuesday, June 1, 2021, 10:22:00 AM

Khalistanis Demand Their Land From Trudeau

In a display of mounting tensions, clashes erupted between pro-Khalistan and pro-India demonstrators outside the...

Tuesday, July 11, 2023, 01:37:00 PM