Carney announces boost to GST rebate and food affordability measures

Prime Minister Mark Carney announced the Canada Groceries and Essentials Benefit to raise GST rebate payments for eligible low- and modest-income Canadians, and the government said it will provide funding to support food supply capacity and local food programs.

Prime Minister Mark Carney announced a package of measures aimed at addressing rising grocery costs and broader food affordability. The centerpiece is the Canada Groceries and Essentials Benefit, described as an increase to GST rebate payments for eligible low- and modest-income Canadians. Officials said the package also includes federal funding to support food suppliers, small and medium-sized businesses, and local food programs. The government said it is developing a National Food Security Strategy to address longer-term issues in food production and access. Key points: - Prime Minister Mark Carney announced the Canada Groceries and Essentials Benefit to boost GST rebate payments for eligible low- and modest-income Canadians. - The announcement includes a larger one-time boost in the first year and an increased credit for the following four years, as described by the government. - Ottawa said it will direct funding to food supply capacity ($500 million), regional support for businesses ($150 million), and local food infrastructure ($20 million), and that a National Food Security Strategy is being developed. Summary: The measures are presented as short- and medium-term steps to help households facing higher food prices while work proceeds on longer-term food security plans. Undetermined at this time.