By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News as they happen
  • News
  • Canada
  • Business
  • Politics
  • Science
  • World News
  • Isness
Reading: New GST Credit to Cost $12.4 Billion Over 6 Years: Budget Watchdog
Sign In
Font ResizerAa
News as they happenNews as they happen
  • News
  • Canada
  • Business
  • Politics
  • Science
  • World News
  • Isness
  • News
  • Canada
  • Business
  • Politics
  • Science
  • World News
  • Isness
Have an existing account? Sign In
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
new-gst-credit-to-cost-$12.4-billion-over-6-years:-budget-watchdog
New GST Credit to Cost $12.4 Billion Over 6 Years: Budget Watchdog

New GST Credit to Cost $12.4 Billion Over 6 Years: Budget Watchdog

Last updated: February 3, 2026 1:48 am
By Jennifer Cowan
1 Min Read
Share
SHARE
New GST Credit to Cost $12.4 Billion Over 6 Years: Budget Watchdog

A woman pushes a shopping cart through the produce section of a grocery store in Toronto, on Nov. 22, 2022. Carlos Osorio/Reuters

Jennifer Cowan

2/2/2026|Updated: 2/2/2026

Ottawa’s plan to increase the GST credit and offer a one-time payment to Canadians is projected to cost more than $12 billion over a span of six years, according to the Parliamentary Budget Officer.

The Office of the Parliamentary Budget Officer (PBO) released a report on Feb. 2 predicting the program announced last month by Prime Minister Mark Carney will incur a cost of $12.4 billion from fiscal year 2025-2026 to 2030-2031.

Jennifer Cowan

Jennifer Cowan is a writer and editor with the Canadian edition of The Epoch Times.

Author’s Selected Articles

Furniture Tariff Investigation Underway, Details Coming Within 50 Days: Trump
Lawyer ‘Very Confident’ a Foreign Adversary Attacked Canadian Diplomats in Cuba
Dozen Palestinians Reenter Gaza via Rafah Crossing, Say Egyptian Media
Behind the Boom in Hong Kongers ‘Heading North’
USTR Will Launch New Trade Probes Covering Major Trading Partners, Greer Says
TAGGED:CanadaFeatured Canadian NewsTop Canadian NewsWorld News
Share This Article
Facebook Email Copy Link Print
Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!

    5 + 6 =

    You Might Also Like

    after-typhoon-ragasa,-taiwan’s-disaster-response-becomes-fuel-for-partisan-divide
    Uncategorized

    After Typhoon Ragasa, Taiwan’s Disaster Response Becomes Fuel for Partisan Divide

    By Brian Hioe
    9 Min Read
    ‘i-was-sure-that-was-going-to-be-my-day’:-a-year-on,-fiery-crash-at-toronto’s-pearson-airport-still-haunts-passengers
    CanadaUncategorizedWorld News

    ‘I Was Sure That Was Going to Be My Day’: A Year On, Fiery Crash at Toronto’s Pearson Airport Still Haunts Passengers

    By The Canadian Press
    1 Min Read
    6.7-magnitude-earthquake-causes-small-tsunami-waves-off-northeastern-japan
    Asia & PacificUncategorizedWorld News

    6.7 Magnitude Earthquake Causes Small Tsunami Waves Off Northeastern Japan

    By The Associated Press
    1 Min Read
    News as they happen

    We influence thousands of users and are the number one business and technology news network on the planet. Newsguard delivers everything you need to know to live your best life, best tech trend, traveling passion and more…

    Categories

    • The Escapist
    • Entertainment
    • Bussiness

    Quick Links

    • Advertise with us
    • Newsletters
    • Complaint
    • Deal

    @Newsguard – Codeus Design. All Rights Reserved.

    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?