A federal source says Tuesday's budget will extend the temporary boost to the GST rebate for low-income Canadians, but will frame the payment as help with the rising cost of groceries.
The government official, who was granted anonymity to discuss matters that will not be public until the budget is released, said it will also include an increase to the withdrawal limit for a registered education savings plan from $5,000 to $8,000.
It would provide up to $234 for a single person with no children, $467 for a couple with two children and $225 for a senior citizen, the same amounts as the government offered with the temporary doubling of the GST rebate last fall.In the lead up to the budget, Finance Minister Chrystia Freeland has promised targeted inflation relief for low-income Canadians.
The Liberals are also expected to outline their plans to go after hidden or unexpected fees — called "junk fees" — tacked on to the price of goods and services. That includes tax credits to spur growth in both critical mineral production and the electric vehicle supply chain.
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