Bill C-30’s goal to help Canadians deal with rising living costs will increase inflation, warn critics

At the House Finance Committee on Oct. 3, Finance Minister Chrystia Freeland said that once Bill C-30 receives royal assent, her department will work with the CRA to ensure that credit payments are sent to eligible Canadians as quickly as possible.

Deputy Prime Minister and Finance Minister Chrystia Freeland, pictured Oct. 3, 2022, at the House Finance Committee on Parliament Hill. She said the government needs 'to find a balance' between providing support to vulnerable Canadians while maintaining fiscal responsibility.The Hill Times photograph by Andrew Meade

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BY CHRISTOPHER GULY

October 10, 2022

Bill C-30, which unanimously passed the House on Oct. 6, will amend the Income Tax Act in order to double the goods and services tax/harmonized sales tax credit for six months, effectively increasing the maximum annual GST/HST credit amounts by 50 per cent for the 2022-2023 benefit year. According...

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