Prime Minister Trudeau has been warned that his government\u0027s own spending is adding to the problem of inflation, now he\u0027s spending more.
Trudeau announced three temporary measures on Tuesday to help ease the cost-of-living pressures many are facing. While they will provide some relief in the short term, they’ll be withdrawn within about six months, while also making the overall problem of inflation worse.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
To get a significant GST rebate, you will need to be a single parent earning $30,000 or less or a couple with kids earning less than $35,000 combined. For the rental rebate, you will need to be a low-income Canadian paying more than 30% of your income on rent, have filed your taxes and fill out the right form. As for dental benefits, those top out at $260 for a child once your combined family income is between $80,000-$90,000.
The help will last only a matter of months, while inflation won’t. These solutions don’t help stop the increases in inflation, they just make it easier to cope – for some. When the supports end in six months, these measures will have added to inflation but not brought down prices.Trudeau claims his measures won’t add to inflation, but economists at Canada’s biggest banks, which Trudeau praised Tuesday, would beg to differ.
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