Source: Alicja Siekierska, Yahoo.ca, September 18, 2022
Ottawa says it will begin the program with children under the age of 12 and provide up to $650 per child for families making less than $90,000 without dental coverage.
The federal government says it will provide inflation relief for low-income Canadians by temporarily hiking GST credits and providing payments for those struggling to pay rent, but economists warn it will likely add pressure to core inflation.
Prime Minister Justin Trudeau announced on Tuesday that the government will introduce legislation to temporarily double GST payments for six months for low-income earners. It will also provide low-income renters with a one-time $500 top-up to the Canada Housing Benefit.