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carney-introduces-hike-to-gst-credit,-other-measures-aimed-at-lowering-living-costs
Carney Introduces Hike to GST Credit, Other Measures Aimed at Lowering Living Costs

Carney Introduces Hike to GST Credit, Other Measures Aimed at Lowering Living Costs

Last updated: January 26, 2026 10:47 pm
By
Paul Rowan Brian
1 Min Read
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Carney Introduces Hike to GST Credit, Other Measures Aimed at Lowering Living Costs

Prime Minister Mark Carney is seen during an event at a grocery store in Ottawa on Jan. 26, 2026. The Canadian Press/Adrian Wyld

Prime Minister Mark Carney has announced a 25 percent increase to the GST credit and a list of measures that he says will aid lower-income consumers in coping with the steep costs of groceries.

The new credit, dubbed the Canada Groceries and Essentials Benefit, will be sent out to approximately 12 million eligible Canadians for the next five years beginning in July. The 25 percent GST credit boost comes with an additional one-time payment this year worth 50 percent of the credit, according to a Jan. 26 announcement from the Prime Minister’s Office (PMO).

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