The federal government is looking to help Canadian families feeling the pinch of inflation without contributing further to the problem, the prime minister said Wednesday as his government rejected a call from the NDP to hike GST rebates and the Canada Child Benefit.
NDP Leader Jagmeet Singh wanted the government to double the GST rebate and add $500 to every Canada Child Benefit as inflation continues to rise.
Singh wants Prime Minister Justin Trudeau to fund the benefit increases by redirecting a $2.6-billion tax credit promised in the recent budget to help companies build carbon capture and storage systems. Most of that would likely go to oil and gas companies, and the NDP says it is a massive subsidy to companies that are making record profits because of the same soaring gas prices harming Canadian families.
"I was in Newfoundland and Labrador yesterday to highlight the fact that families in Newfoundland are going to save about $5,000 this year because of what we've done on child care," he said. "We continue to look for ways to support families without adding to the inflationary pressures in the economy."
About 12 million people receive the GST rebate and 6.4 million Canadian children qualify for the child benefit. The NDP agreed to support the Liberals on major confidence votes that could defeat the government and force an election, in exchange for action on certain issues including following through on the long-promised elimination of fossil fuel subsidies.
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