Canadians eligible for the GST credit are expected to receive a special payment Wednesday to help with the rising cost of groceries.
The payment, which the Liberal government is calling the grocery rebate, was promised in the spring budget to assist Canadians in dealing with food inflation.
The Canada Revenue Agency estimates that around 11 million Canadians will receive the additional money along with their regular GST credit payment.
Couples with two children can expect to receive up to an extra $467, single Canadians without children can expect up to an additional $234, and seniors can receive an extra $225 on average.
The federal government also provided a similar payment last fall to mitigate the impact of high inflation on low and modest-income families.
Canada’s inflation rate slowed to 3.4 per cent in May, but grocery prices continue to rise rapidly, with prices up nine per cent compared to a year ago.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
