Overview
- MPs approved a unanimous consent motion to rush the bill through the House, sending it to the finance committee today with a final vote planned Wednesday and no amendments.
- The Parliamentary Budget Officer estimates total costs at about $12.4 billion over six years, higher than the government’s $11.7-billion projection due to modelling differences.
- The PBO breaks out more than $3.1 billion for the one-time payment this year, with annual enhancements to the credit costing roughly $1.7–$1.9 billion through 2031.
- The plan rebrands the GST/HST credit as the Canada Groceries and Essentials Benefit, raising the credit by 25% for five years starting in July 2026 and delivering a top-up by June.
- Roughly 12 million people would qualify, with first-year examples lifting a family of four’s total to about $1,890 and an individual’s to about $950, as Conservatives allow quick passage while calling the relief inadequate and costly.