By Rosalind Russell – Low- and modest-income Canadians could receive another federal payment to help with grocery bills early next year. Yesterday’s (Thurs) budget includes a one-time supplement to the Canada Groceries and Essentials Benefit. It’ll provide up to $339 for a single person without children and up to $679 for a couple with two children.
On the fiscal side of things, Ottawa is projecting a deficit of $62.3 billion this year. That’s down $3 billion from the spring forecast. It’s expected to rise slightly next year before falling to nearly $53 billion by 2030. Finance Minister François-Philippe Champagne says the government expects to balance its day-to-day operating spending with revenues by 2027-28, a year ahead of schedule.
The feds say other highlights include a path to end homelessness within the next decade, another $13 billion over 10 years to help build affordable housing, increased payments and expanded eligibility with a new Build Canada Workers Benefit, the Canada Caregiver Credit will be fully refundable, the price of a stamp is rising from $1.44 to $2 next year, there’s free admission to national museums for people under 25, and more.
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