this post was submitted on 20 May 2025
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Also consider that this comes at the expense of the quarterly cheques you were getting. Inflation is looking at cost of a basket of goods but doesn't "see" the rebate cheques as ever existing.
I don't know how it was in the rest of Canada, but in BC it won't make a huge difference either way. People in Vancouver and Victoria probably are slightly worse off, people everywhere else are probably saving money now. Last year my family netted maybe $3-400 from the rebate, but only because it was based on income data from the previous year when we both didn't work as much as usual (parental leave). If it wasn't removed this year, it would've cost us at least $200 (more if the rate went up as it was scheduled to).
That was all based on just gas for commuting to work for ease of math. I also didn't factor in natural gas heating as being a renter in a shared house I'm not sure exactly how much the tax contributed there.
Plus in May prices were right back up to normal so don't expect the inflation percentage to stay so low.
Companies immediately started to pocket that extra cash...
This. I'm losing money for sure.
And what really matters is how much the consumer has left in their pockets when all is said and done.