Carney Boosts Tax Credit as Affordability Pressures Rise (1)

Prime Minister Mark Carney moved to raise Canada’s goods and services tax credit as his government intensifies efforts to counter a stubborn cost-of-living squeeze, with grocery bills still a flashpoint for voters.

Carney said Monday the quarterly GST credit sent to low and middle-income households will rise by 25% for a five-year period starting this year. The government will also issue a one-time top-up in June worth an additional 50% of the annual benefit.

An eligible family of four may receive about C$800 ($585) more in relief this year, while a single person could see roughly C$400, Carney said. About ...