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Investing in Food Production and Lower Costs

On February 20, I joined President of the Treasury Board, Shafqat Ali at Iqbal Foods to announce a $25 million investment in Canada’s agri-food sector through the Kosher and Halal Investment Program. The funding will help businesses expand processing capacity, improve efficiency, reduce waste, and support international trade for Canadian halal and kosher red meat products. This will strengthen local businesses, create jobs, and grow the economy in Brampton.

At the same time, the federal government is taking steps to help Canadians facing rising costs. The new Canada Groceries and Essentials Benefit will provide $11.7 billion in support over the next five years through the Goods and Services Tax credit. This year, more than 12 million Canadians will receive a one-time top-up of up to $1,890 for a family of four or $950 for single Canadians when they file their taxes. Additional investments will also help businesses manage supply chain disruptions and support work on a National Food Security Strategy to improve access to affordable, nutritious food.