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GST credit top-up coming in spring after bill fast-tracked in Parliament
- Canadians receiving the GST benefit will get a one-time top-up payment this spring after fast-tracked legislation in Parliament.
- The Canada Groceries and Essentials Benefit law received royal assent after passing votes in the Senate and House of Commons.
- The top-up payment will be 50% of the usual credit, and the regular benefit will increase by 25% for five years starting in July.
- Over 12 million Canadians are estimated to benefit, with a family of four receiving up to $1,890 this year and about $1,400 annually for the following four years.
41 Articles
41 Articles
Liberals’ GST Credit Boost Becomes Law After Expedited Review
Legislation to implement the Liberal government’s 25 percent boost to the GST credit has received royal assent and become law, following an expedited passage through the House of Commons. Bill C-19, also known as the Canada Groceries and Essentials Benefit Act, amends the Income Tax Act to increase the maximum annual GST credit amounts by 50 percent for the 2025-2026 fiscal year, and by 25 percent for the following five years. Approximately 12 m…
The Canadian Grocery and Essential Needs Allowance received Royal Assent on Thursday.
castanet.net
GST credit top-up coming in spring after bill fast-tracked in Parliament
Canadians who receive the GST benefit will get a one-time top up payment this spring after parliamentarians fast-tracked the legislation to set it motion. The Canada Groceries and Essentials Benefit received royal assent late today, after passing the final vote in the Senate earlier in the day and t...
The federal government's Bill C-19 aims to increase the GST credit and provides for a one-time payment to low-income people.
Canadians receiving the Goods and Services Tax (GST) credit will receive a one-time supplementary payment this spring, thanks to the accelerated passage of a bill by parliamentarians. The Canadian Grocery and Essential Needs Allowance received Royal Assent on Thursday, after it was passed by the Senate earlier in the day and by the House of Commons last week. The Department of Finance indicates that the benefit will provide a one-time supplement…
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