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

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