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Temporary Increase To GST Credit Approved

By Brad Perry Oct 19, 2022 | 7:27 AM

About 11 million Canadians and families will be getting a bit of extra money over the coming months.

Federal legislation to double the GST Credit for six months received Royal Assent on Tuesday.

In a news release, the federal government said eligible Canadians who already receive the credit will get their payments starting in early November.

“With the Royal Assent of Bill C-30, our government is delivering on our promise to support Canadians who are most affected by inflation,” Deputy Prime Minister Chrystia Freeland said in a statement.

“By doubling the GST Credit for six months we’re ensuring our support is compassionate, targeted, and fiscally responsible, while not adding fuel to the fire of inflation.”

Canadians without kids will get up to an extra $234, couples with two children will get up to $467, and seniors will get an extra $225 on average.

According to the federal government, the extra credit will cost about $2.5 billion.


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