Canada's New Grocery Rebate: Aid for Individuals & Families
The Canadian government has recently announced a new grocery rebate program for low- and medium-income individuals and families who need it most.
The Canadian government has recently announced a new grocery rebate program for low- and medium-income individuals and families who need it most. The program was highlighted by The Honourable Sean Fraser, Minister of Immigration, Citizenship and Refugees, in Calgary, Alberta.
The Grocery Rebate program is part of Budget 2023, which aims to provide targeted inflation relief for 11 million people. The program will provide eligible couples with children with up to an additional $467, while individuals without children will receive an additional $234, and seniors will receive an additional $225 on average.
This initiative is part of the Canadian government's efforts to make food more affordable. The government is also taking measures to reduce credit card transaction fees for small businesses, crack down on junk fees and predatory lending, and help workers keep more money in their pockets.
Budget 2023 also includes a responsible fiscal plan to maintain Canada's lowest deficit and lowest net debt-to-GDP ratio among G7 countries. These measures are intended to help build a more secure, sustainable, and affordable Canada for everyone.
The Grocery Rebate program is particularly important given Canada's rising living costs. The COVID-19 pandemic has significantly impacted the economy, with many people experiencing financial difficulties. The Grocery Rebate program will help alleviate some of the financial burdens that low- and medium-income individuals and families face.
The Canadian government's commitment to helping its people during these challenging times is commendable. The Grocery Rebate program, along with other measures in Budget 2023, will help provide much-needed relief for people in Canada who need it most.