Liberals’ GST Credit Boost Becomes Law After Expedited Review
Legislation to implement the Liberal government’s 25 percent boost to the GST credit has received royal assent and become law, following an expedited passage through the House of Commons. Bill C-19, also known as the Canada Groceries and Essentials Benefit Act, amends the Income Tax Act to increase the maximum annual GST credit amounts by 25 percent for the following five years. Approximately 12 million Canadians are eligible for the credit. The government estimates that a single senior with $25,000 in net income would receive $950 in the 2026–2027 fiscal year with the credit increase. Meanwhile, a couple with two children and $40,000 in income would receive $1,890 for the 2026-2027 fiscal year.
Liberals’ GST Credit Boost Becomes Law After Expedited Review The Liberal government’s legislation to increase the GST credit by 25 percent has become law. Bill C-19, the Canada Groceries and Essentials Benefit Act, will raise the maximum annual GST credit amounts for approximately 12 million eligible Canadians. For instance, a single senior earning $25,000 could receive $950 in fiscal year 2026-2027, while a family of four with $40,000 income could receive $1,890.
- The Liberal government’s GST credit boost legislation has received royal assent and is now law.
- Bill C-19, also known as the Canada Groceries and Essentials Benefit Act, increases GST credit amounts.
- The maximum annual GST credit will increase by 25 percent for the next five years.
- Approximately 12 million Canadians are eligible for the enhanced credit.
- Examples show a single senior could receive $950 and a family of four $1,890 in fiscal year 2026-2027.
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