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Temporary boost to GST rebate would cost $2.6B: Parliamentary budget officer

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The parliamentary budget officer estimates the Liberal bill proposing to temporarily double the GST rebate will cost $2.6 billion.

The government tabled a bill earlier this month to boost the rebate for six months in an effort to help low- and modest-income Canadians cope with high inflation.

The proposal followed months of pressure from the NDP to help people who are struggling with the rising cost of living.

Read more: GST rebate hike makes sense but permanent fix needed to combat inflation: economists

While the Conservatives first came out against the proposal, they have since indicated they would support the bill.

The average family eligible for the rebate would receive an additional $225 in January 2023.

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The federal government estimated the measure would cost $2.5 billion.

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