This article originally appeared in the Financial Post. Below is an excerpt from the article.
By Jack Mintz, December 6, 2024
There are better ways to increase rebates and provide tax holidays. My colleague Philip Bazel at the University of Calgary School of Public Policy has modelled how Ottawa could have avoided complexity, targeted relief and reduced overall costs by providing a one-time, $250 increase in the GST tax credit, which goes to low- and modest-income families, whether working or not. The current GST credit is $340 quarterly before the clawbacks that occur as recipients’ incomes rise. A single parent with four children receives at least some credit up to $70,000 in family income.
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Jack Mintz is the President’s Fellow at the University of Calgary’s school of public policy and a distinguished fellow at the Macdonald-Laurier Institute.