PM Carney to Announce GST Credit Top-Up Today
Prime Minister Mark Carney is expected to announce new cost-of-living relief measures today in Ottawa.
The move comes as Canadians continue to face high prices for daily essentials.
Government sources say the plan will include a one-time GST credit top-up.
The measure aims to provide fast financial relief to low- and modest-income households.
The prime minister will outline details during a news conference later today.
Officials will clarify eligibility and payment timelines.
What Is the GST Credit Top-Up
The GST credit helps Canadians offset sales taxes on everyday purchases.
It supports individuals and families with lower incomes through quarterly payments.
Reports suggest the government plans a 50 per cent increase to the GST credit.
The increase would apply as a one-time payment.
Millions of Canadians may qualify for the top-up.
Families with children and seniors are expected to benefit the most.
Why the Government Is Acting Now
Inflation continues to strain household budgets across the country.
Food, rent, and utility costs remain major concerns.
The federal government says targeted relief works faster than broad tax cuts.
Direct payments reach vulnerable groups more efficiently.
Carney has repeatedly emphasized affordability as a national priority.
He has pledged to support Canadians during periods of economic pressure.
Part of a Broader Affordability Strategy
The expected announcement aligns with earlier affordability initiatives.
These include tax relief measures and housing-related incentives.
The government aims to balance fiscal responsibility with direct support.
Officials say temporary relief helps without long-term budget strain.
Opposition parties continue to demand stronger and permanent solutions.
Today’s announcement may shape further economic debates in Parliament.
What Happens Next
The prime minister will provide full details later today.
Canadians will soon learn when payments could arrive.
More policy updates are expected in the coming weeks.
The government says it will continue monitoring cost-of-living pressures.
