Madam Speaker, unfortunately, what the member for Calgary Centre failed to identify is something that has become quite obvious. Climate action is no longer a theoretical political debate, it is an economic necessity. A few months ago, the Parliamentary Budget Officer published an announcement showing that climate change has negatively impacted and will continue to negatively impact the Canadian economy. The reality is that we can lead the fight against climate change, and we can do it in a way that creates good-paying jobs and new businesses for Canadians from coast to coast to coast.
Our government also understands and appreciates the fact that a national price on pollution is the most effective and the least costly way of reducing greenhouse gas emissions. Let us make it very clear that our price on pollution does not make life less affordable for the large majority of Canadians. In jurisdictions that do not have their own pricing system consistent with the federal benchmarks, such as Ontario, Manitoba, Saskatchewan and Alberta, approximately 90% of the direct proceeds for the fuel charges that are being directly returned to the residents in those provinces through the climate action incentive payment are very significant.
In 2023, for instance, these increased payments mean a family of four will receive $745 in Ontario, $832 in Manitoba, $1,101 in Saskatchewan and $1,079 in Alberta. In addition, families in rural and small communities like mine are eligible to receive an additional 10%. Therefore, the reality is that most households are getting back more than they pay.
When it comes to the higher cost of living Canadians are dealing with, our government understands that it is difficult for many people to put food on the table. That is why we took action. We took action through many measures that were recently passed, including making life more affordable through the doubling of the GST, through dental and rental relief, through our child care plan. I am on the phone all the time with my constituents who tell me it is making a real difference.
On inflation, there is some good news. In Canada, it was 8.1% in June and now it is down to 6.3%. While that is still high, it is lower than what we have seen in many of our peer countries. For example, in the United States, just south of the border, it is 6.5%. In the euro area, it is 9.2%. In the United Kingdom, it is 10.5%. Still, inflation at 6.3% in Canada is too high, in my opinion, and we continue to take measures to help reduce it.
While the targeted investments we made to support Canadians and our economy through the pandemic have meant Canada has experienced a strong rebound like no other from the pandemic recession, we do understand that the coming months will continue to be difficult times for many Canadians, for our families, for our friends and for our neighbours, and that is why we continue to support Canadians who need it most when they need it: right now.
I spoke about some of our measures. For instance, our affordability plan has been providing up to $12.1 billion in new supports, with many measures continuing in 2023, to help make life more affordable for millions of Canadians. Just on the GST credit, which we are doubling for six months, this is delivering $2.5 billion in additional targeted support to roughly 11 million individuals and families. Many of them are seniors and young people who are getting that relief right now.