Max Genest - Carney's New Grocery Program Costs $10 Billion

00:00:00.000 This is crazy. This is criminal, honestly. The Liberal Government of Canada just announced

00:00:05.020 a program that is going to cost us $10 billion. Prime Minister McCartney just announced the

00:00:10.540 so-called Canada Groceries and Essentials Benefit. This program cost $3.1 billion in

00:00:17.080 2026, $1.3 billion in 2027, and about $1.8 billion every year after that through 2030.

00:00:25.420 All in, we're talking almost $10 billion here.

00:00:28.680 That is your money.

00:00:29.840 That is taxpayer money.

00:00:31.500 Now, before we get to the program, you must understand what this is built on.

00:00:34.980 This new benefit is really just an extension on the GST credit.

00:00:39.740 The GST credit is a cash payment the government already sends to low and modest income Canadians a few times a year.

00:00:47.500 you don't apply you just file your taxes and they send you money to supposedly offset the gst you

00:00:55.260 pay so what is the difference what are we changing here well they just modified the old one it's the

00:01:03.700 same thing but bigger with a one-time extra payment in the spring of 2026 and ongoing higher payments

00:01:11.840 for five years. And here is something very funny, something that shows a lot of volume.

00:01:18.360 Mark Carney announced this program at a grocery store where the price tags were all removed.

00:01:25.220 You did not see one price tag on anything. And the reason behind that is because they don't want you

00:01:30.900 to see how high the food prices really are. Think about it on their side. The optics would be

00:01:36.420 horrible because the hypocrisy would show food prices in canada have gone up by a lot everyone

00:01:43.300 feels it i feel it you feel it stats canada data shows since a year ago when mark carney became

00:01:49.360 prime minister food prices climbed around 6.2 percent that is the highest in the g7 that is

00:01:55.180 roughly double food inflation in the united states higher than most advanced economies and it is

00:02:00.880 totally unacceptable for a first world country so the government comes out and says we hear you

00:02:07.640 we're here to help and their solution is an extension to a program we already have

00:02:13.860 this is weak and it tells us they are completely disconnected and you want to talk about

00:02:19.960 disconnection ask yourself how many people qualify the feds brag that 12 million canadians

00:02:26.180 will get this benefit. That is 12 million people with low to modest incomes. That is 12 million

00:02:33.340 people who are struggling to make ends meet. This is not the win the liberals think it is.

00:02:40.520 It highlights how much work is needed to address poverty in our country. And ironically,

00:02:46.760 they just expose themselves. And you want to know what else? Basic groceries in Canada don't even

00:02:53.400 have GST on them. We're talking about essentials here, by the way. Bragg, milk, eggs, meat, produce,

00:02:59.100 and the items that are taxed are the extras. Snacks, soda, prepared foods, convenience items.

00:03:05.760 However, when you have a low to modest income, those extras are not on your essentials list.

00:03:12.060 Your essentials are the basics, and those basics are already tax exempt, and yet they're still so

00:03:18.200 expensive. So clearly, it is not a GST problem. It is a price problem. And when the government

00:03:23.940 frames this as help with grocery taxes, that is so dishonest. The problem people are facing at

00:03:29.880 the store is not GST. It is the fact that the prices themselves are so absurdly high.

00:03:35.900 And why are the prices high? It's a variety of things. Let's start off with mass immigration.

00:03:40.560 From 2016 to 2024, we've let in 1.4 million people into this country. For comparison,

00:03:47.120 between 2000 and 2015, we've let in around 670,000 people.

00:03:54.000 So when you're letting in this many people this fast

00:03:56.560 without any time to properly adjust,

00:03:59.060 the demand is going to be much higher than for supply.

00:04:03.140 So the cost of living is going to go up.

00:04:06.060 Everything is going to be more expensive.

00:04:07.840 And you have to consider the fact that farms and factories

00:04:10.760 are suffering under high taxes, insane regulations,

00:04:13.780 vast amounts of red tape, and they're smothered by bureaucracy.

00:04:17.840 And our grocery sector is run by all the same three suspects,

00:04:21.880 Loblaws, Sobeys, and Metro.

00:04:23.700 Now, these few represent 89% of the grocery stores.

00:04:28.240 So there's no competition.

00:04:29.780 And what that means is higher prices,

00:04:31.800 little innovation, and bad service.

00:04:33.680 So let's be very clear about what is actually happening

00:04:36.400 with this new program.

00:04:38.180 It doesn't lower food costs.

00:04:39.680 It doesn't increase competition.

00:04:41.380 It doesn't fix supply, regulation, or inflation.

00:04:43.940 actually overall what it does is causes more problems what is a solution that the carny

00:04:49.760 government can do that will help everybody that will relieve a lot of the pressure on this

00:04:55.360 situation well tax cutting so more people can keep more of their own money on every single paycheck

00:05:01.700 why is the government choosing to collect the same high taxes create a new program and then give some

00:05:08.300 of it back to some people this is simply keeping people poor and creating more poor people what we

00:05:15.400 really need is a broad tax cut it helps everyone immediately no forms no eligibility rules no

00:05:25.760 waiting for a quarterly payment you keep more of what you earn it is that simple but Carney's

00:05:30.920 approach treats high prices like it's permanent something that we have to just accept and deal

00:05:36.800 with and live around instead of actually fixing it so yeah some people will welcome the money

00:05:43.640 that is totally understandable i get it but let's not pretend this is the real solution it is barely

00:05:49.220 a band-aid it doesn't fix anything it just causes more problems in the end game it's expensive and

00:05:55.720 it avoids a harder conversation about why life is getting so expensive in the first place and i'm

00:06:02.520 going to give you a hint, the perpetrators here are the liberals. And Canadians really do deserve

00:06:08.400 honesty about that.

Max Genest - January 28, 2026

Carney's New Grocery Program Costs $10 Billion

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