The Immigration, Refugees and Citizenship Canada (IRCC) highlighted Budget 2023’s initiatives to support the most vulnerable Canadians by providing a new Grocery Rebate.
The Grocery Rebate, aimed at providing targeted inflation relief to 11 million low- and modest-income Canadians and families, will offer up to $467 for eligible couples with children, an additional $234 for single Canadians without children, and an extra $225 for seniors, on average. The Government of Canada is also taking significant steps to curb junk fees and predatory lending, reduce credit card transaction fees for small businesses, and allow Canadians to keep more money in their pockets.
Budget 2023’s responsible fiscal plan ensures that Canada maintains the lowest deficit and the lowest net debt-to-GDP ratio in the G7. The Government’s commitment to a sustainable, affordable, and secure Canada aims to benefit people from all regions of the country.
To learn more, please visit: Minister Fraser highlights Budget 2023 commitments to provide a new grocery rebate for Canadians – Canada.ca