Madam Speaker, I believe we can all agree that climate change is a very serious issue for Canada. Something has to be done about it, and inaction is no longer an option, at least not for the present government.
The truth is that climate change is already having serious effects in Canada. It is affecting our homes, cost of living, infrastructure, health and safety, and economic activity in communities across our country. While addressing climate change is an environmental imperative for this country, it is also an economic opportunity for all Canadians, and we cannot afford to be left behind. For example, the United States is moving forward with the Inflation Reduction Act, and it is important for Canada to keep pace.
We simply cannot miss this opportunity to participate in the transition to the clean economy. That is why we are proposing, in budget 2023, to make key investments in the clean economy. This will enable us to not only fight climate change but also create jobs for Canadians across the country, including in my colleague's home province, Alberta.
Our made-in-Canada plan, presented in budget 2023, is underpinned by a new federal tool kit for investing in the clean economy. We are proposing a set of clear and predictable investment tax credits, low-cost strategic financing and targeted investments and programming where necessary to respond to the unique needs of sectors or projects of national economic significance. Budget 2023 would ensure that a clean Canadian economy can deliver prosperity, middle-class jobs and more vibrant communities across Canada.
When it comes to our pollution pricing system itself, I would like to remind my colleague from Calgary Centre that it is putting money back in the pockets of Canadian households.
In 2023, through CAI payments, a family of four will have received $745 in Ontario, $832 in Manitoba, $1,101 in Saskatchewan and $1,079 in Alberta. In addition, those living in rural and small communities are eligible to receive an extra 10%. Households in these provinces started to receive their latest quarterly payment last week. Is my colleague against these payments to Canadian families?
Our government understands that many Canadians are still struggling to make ends meet in this period of high inflation. Canadians see it when they go to the grocery store, fill up their tanks and pay their rent. However, I would like to remind my colleagues that inflation is dropping. The inflation rate in Canada was 8.1% in June, and it is now 5.2%.
We do understand, however, that many Canadian families still need some support. That is why we are supporting those who need it the most, when they need it the most, with targeted measures. For example, we proposed in budget 2023 the new one-time grocery rebate. This targeted inflation relief has been designed to help support the Canadians hardest hit by rising food prices. The grocery rebate would help approximately 11 million low- and modest-income Canadians and families across the country. This would mean a one-time payment of up to an extra $467 for eligible couples with two children, up to an extra $234 for single Canadians without children, and an extra $225 for seniors, on average.