From media
Carney announces food affordability measures, including boost to GST rebate
Measures include $500 million in capital investment funding for food businesses, $20 million for food banks
Prime Minister Mark Carney announced a suite of affordability measures on Monday that he says will help Canadian families struggling to cope with the rising cost of living.
The flagship measure in Monday's announcement is the Canada Groceries and Essentials Benefit, which Carney said will boost what families and individuals receive through their GST rebate over the next five years.
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Prime Minister Mark Carney announced a suite of affordability measures on Monday that he says will help Canadian families struggling to cope with the rising cost of living.
The flagship measure in Monday's announcement is the Canada Groceries and Essentials Benefit, which Carney said will boost what families and individuals receive through their GST rebate over the next five years.
It means food businesses looking to make capital investments to help strengthen their supply chains can apply to have some of those costs covered by the fund.
Carney announced a $150-million Food Security Fund that will help small- and medium-sized businesses to expand greenhouses and abattoirs, and strengthen food supply chains.
One immediate measure to help producers is a change that allows companies to fully write off greenhouses acquired on or after Nov. 4, 2025, that start being used before 2030.
"This measure supports increased domestic supply and investment in food production over the medium term," a government statement said.
https://www.cbc.ca/news/politics/mark-carney-gst-affordability-measures-9.7060907
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