Grocery Rebate representational image by Clem Onojeghuo on Unsplash
Ottawa/CMEDIA: Canadian Senate has reportedly passed Bill C-46 to implement the Canada Liberals’ promised “grocery rebate” and federal health transfer top-up.
These two specific elements of Deputy Prime Minister and Finance Minister Chrystia Freeland’s 2023 federal budget that the Liberals wanted to see passed in short order, were pulled out by the legislation.
Subject to royal assent, the Bill will facilitate approximately 11 million eligible recipients to receive one-time $2.5 billion affordability-focused “grocery rebate” payment.
The food-inflation focused rebrand of the GST rebate for low and modest-income Canadians is expected to roll out in early July, which would be in line with the pre-scheduled next quarterly GST/HST credit payments, the Canada Revenue Agency reportedly said.
Owing to the amendments made to the Federal-Provincial Fiscal Arrangements Act, Canada’s provinces and territories will also soon receive their respective promised portions of a total $2 billion in “unconditional” health-care top-up funding.
MPs agreed to move the legislation, billed as the “Cost of Living Relief Act, No. 3, through all stages of debate and study after the bill had been before the Senate since April 19.
#CanadaSenate; #BillC46; #groceryRebate; #HealthCareTopUpFunding
