Mar 27, 2023
By Bob Komsic
The Trudeau government is reportedly ready to spend $2.4-billion to help low-and middle-income households with inflation when its budget is tabled Tuesday.
Apparently Finance Minister Chrystia Freeland will extend the GST tax credit that was doubled last fall for another six-months.
The so-called ”grocery rebate” does not require the money be spent on groceries or any other particular item but, according to a government source, will offset high costs such as food for about 11-million households.
An eligible single person with no children would get a one-time payment of up to $234, a senior about $225 and a couple with two children up to $467.
Other measures reported to be in the budget would see the ceiling on how much families can withdraw tax-free from registered education savings plans raised from $5,000 to $8,000.
However a one-time $500 top up to a rental housing benefit, that was brought in last fall and which expires the end of this month, will not be renewed.
To learn about advertising opportunities with Zoomer Radio use the link below: