Carney announces food affordability measures, including boost to GST rebate

[Spazito]

Measures include $500 million in capital investment funding for food businesses, $20 million for food banks

Prime Minister Mark Carney announced a suite of affordability measures on Monday that he says will help Canadian families struggling to cope with the rising cost of living.

The flagship measure in Monday's announcement is the Canada Groceries and Essentials Benefit, which Carney said will boost what families and individuals receive through their GST rebate over the next five years.

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In its first year, the benefit will give low- and modest-income Canadians eligible for the GST rebate a one-time boost that raises the $1,100 a family of four receives annually to $1,890 and increases the $540 an individual gets to $950.

Starting next year, and running for the next four years, the GST rebate is being increased by 25 per cent, which means a family of four will get up to $1,400 annually, while an individual will get about $700 a year.

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The prime minister also announced his government will direct $20 million in funding to the Local Food Infrastructure Fund to ease the pressure on food banks.

more

https://www.cbc.ca/news/politics/mark-carney-gst-affordability-measures-9.7060907

This is good to see, Canadians are struggling with the cost of groceries.