Bill Detail
An Act to amend the Income Tax Act ✓ Became Law
This enactment adds a new Part to the Canada Elections Act that provides for temporary rules to ensure the safe administration of an election in the context of the coronavirus disease 2019 (COVID-19) pandemic. The new Part, among other things,
The enactment also provides for the repeal of the new Part six months after the publication of a notice confirming that the temporary rules in that Part are no longer required to ensure the safe administration of an election in the context of the COVID-19 pandemic.
This bill, now called the Canada Groceries and Essentials Benefit Act, aims to increase the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit to help Canadians with the cost of groceries and other essentials. For the 2025-2026 benefit year, the maximum annual credit will increase by 50%. Following that, from the 2026-2027 benefit year onwards, the credit will increase by 25% for a period of five years.
This enhanced credit will benefit low and modest-income individuals and families. The legislation provides specific formulas and adjustments for calculating the increased credit amounts, taking into account factors like number of dependants and adjusted income. Special provisions are also included for shared-custody parents to ensure fair distribution of the benefit.
Legislative Timeline
Votes
Yes / No Ratio
How each party voted
| Party | Position | Yes | No |
|---|---|---|---|
| Bloc | Yes | 100% | 0% |
| Conservative | No | 0% | 100% |
| Green | No | 0% | 100% |
| Liberal | Yes | 100% | 0% |
| NDP | Yes | 100% | 0% |