Many economists have criticized the provinces for disbursing cheques too broadly
In the closing months of 2022, many Canadians were suddenly getting more help with their finances.
These “other benefits” include recent measures to help people cope with high inflation. The federal government sent out a one-time payment that doubled the GST tax credit for an estimated 11 million individuals and families. Some provincial governments, meanwhile, have disbursed cheques to their residents.
Household disposable income rose in the fourth quarter, in large part because of higher transfers. This helped people spend more money, despite sharply higher interest rates that are meant to curb demand.
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