Canada’s grocery chains could face taxation if they don’t come up with a solution for the rising cost of food.

The CEOs of five large grocery chains, including Loblaws, Metro, Empire Company, Costco and Walmart, were called on by Prime Minister Justin Trudeau to come to Ottawa with a concrete plan to decrease food costs by Thanksgiving.

Trudeau made the announcement Thursday and added that grocery chains should not be making record profits while Canadians struggle to put food on the table. About six months ago, the CEOs of Loblaws, Metro, and Empire came before the Standing Committee on Agriculture and Agri-Food, who alleged that the companies were profiteering from high inflation. These allegations were denied.

Francois Phillipe Champagne, Minster of Innovation, Science, and Industry, says the ‘big five’ companies make up for 80 per cent of the market, therefore they are the ones being summoned to Ottawa.

Canadian Taxpayers Federation Federal Director Franco Terrazzano is calling on the federal government to rescind the tax threat, as the last thing Canadian’s need is another tax. He also continues to urge the government to get rid of the carbon tax, as well.