February 16: Canada GST Credit Top-Up Gets Royal Assent; Spring Payouts
Canada’s GST credit is getting a major lift. On February 16, Parliament granted Royal Assent to the Canada Groceries and Essentials Benefit, confirming a one-time GST credit top-up this spring and a 25% five-year increase. The C$3.1 billion injection will reach over 12 million Canadians through expanded eligibility. We break down what passed, how much activity this could add to essentials spending, and what retail investors should watch for in Q2 as households see short-term relief and slightly stronger purchasing power.
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