Yves Giroux Canada covid-19 Coronavirus Cases Coronavirus Pandemic Coronavirus Yves Giroux Canada

Morneau to face questions from MPs on coronavirus support costs

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globalnews.ca

Parliament’s spending watchdog says three federal measures to help low-income earners, families and seniors weather the economic shock from the coronavirus pandemic will cost over $8 billion.

The reports on Thursday morning from budget officer Yves Giroux say a special GST credit payment to 13.2 million people will cost $5.67 billion.

A top-up to the Canada Child Benefit in May to 3.4 million recipients will cost $1.9 billion, Giroux says, with the average payment estimated at $556.

And reducing by 25 per cent the amount seniors have to withdraw this year from registered retirement income funds will cost $506.5 million, the budget officer says. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] The reports come just

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