Five things: What the budget means for your cost of living

By David Baxter The federal budget contains a lot of government jargon like “supercycles” and “mega deductions” that might mean little to people struggling with the high cost of living. Finance Minister Francois Philippe Champagne said Thursday the budget’s overarching goal is to strengthen both Canada’s sovereignty and the economy by boosting productivity rates that have sagged for decades. The idea is that a stronger economy will help many Canadians with day-to-day affordability challenges, but there are some targeted affordability policies in the 511 page budget document. Bigger Groceries and Essentials Benefit The Groceries and Essential Benefit, a rebranded version of the GST credit, is one of the government’s key affordability measures. The budget proposes a one-time 50 per cent top-up to the benefit for the 2026-27 fiscal year, that…

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