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

This Nevada Gold Mine Could Be Back in Production Next Year | Kimberly Ann – Lahontan Gold

The Highest-Grade Copper-PGM Discovery in the World? | Terry Lynch – Power Metallic

A Small Gold Explorer With a Big Mexico Hit | Saf Dhillon – Questcorp

Recommended

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

Silver47 Targets Resource Growth With 10,000 Metre Red Mountain Drill Program

Related News

Increase in Rental Vacancies Could Have Significant Impact on Housing Prices

According to economists at Capital Economics, the recent increase in vacancy rates for short-term rentals...

Friday, May 22, 2020, 06:05:49 PM

Average Detached Home Prices In Mississauga Fall Over $523,000 Since January

September 2022 rates saw the average price of a detached home in Mississauga drop year...

Wednesday, October 12, 2022, 02:16:00 PM

Businesses In Canada Don’t Want To Invest, New Study Reveals

A recent C.D. Howe Institute study revealed that business investment in Canada — which has...

Thursday, August 25, 2022, 12:38:00 PM

BBBY: Bed Bath & Beyond To Shutter Canadian Operations After Filing For Creditor Protection

The end of Bed Bath & Beyond (NASDAQ: BBBY) has begun, with the Canadian arm...

Saturday, February 11, 2023, 12:16:14 PM

Canadian Federal Government Releases Fiscal Update Regarding Mounting Coronavirus Costs

As Canada begins the economic recovery phase from the coronavirus pandemic, the federal government has...

Thursday, July 9, 2020, 01:06:49 PM