2023-07-06 00:35:17
However, this payment of $234 to $628 will have an impact “on the whole limited” on the wallet of Quebecers, estimates Pascal Thériault.
The agronomist and economist at McGill University explained on Noovo Info on Wednesday that this check will only allow families to buy “one pound of butter and two liters of milk per week”. “$467 is about $9 a week,” he said in an interview.
Mr. Thériault admits, however, that any financial assistance provides relief for families. And this measure targeting about 11 million Canadians through a GST/HST rebate was “one way to target the right households,” he agreed.
“Lower-income households, every extra dollar is more likely to be invested in more essential expenses like housing or food. They hit the right group,” said the economist.
More money = more inflation?
Like the $500 checks that had been promised by the Legault government, some people may fear that this new check will lead to another hike in food prices.
Mr. Thériault believes, however, that the CRA check will not have a great impact on the price of groceries, especially “as it is a one-time measure, which will not last over time”.
The agronomist warns, however, that although there has been a slowdown in the rise in inflation, this does not mean that the prices of the products will fall.
“We will have to continue to find ways to help these families,” he concluded.
To see in the video.
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