The New Canada Grocery Rebate, introduced as part of the 2023 federal budget, is a financial support measure aimed at helping Canadians cope with the rising costs of groceries. This rebate is a one-time payment that supplements the regular Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit, a tax-free quarterly payment designed to assist low and modest-income families and individuals.
Canada Grocery Rebate 2024
The Canada Grocery Rebate is a financial support measure introduced by the Canadian government as part of its 2023 budget. This rebate is designed to help mitigate the impact of rising food costs for Canadians, particularly those with lower incomes. Here are some key aspects of the Grocery Rebate:
- One-Time Payment: The Grocery Rebate is a one-time payment aimed at providing financial relief to eligible individuals and families facing increased living costs due to rising grocery prices.
- Linked to GST/HST Credit: Eligibility for the Grocery Rebate is tied to the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit. Individuals who were entitled to receive the GST/HST credit for January 2023 are eligible for the Grocery Rebate.
- Amount Based on GST/HST Credit: The value of the Grocery Rebate is double the GST/HST credit amount received in January 2023. The maximum amount depends on one’s relationship status and the number of children, with different amounts specified for individuals and those with a common-law partner or spouse.
- Automatic Assessment and Payment: There is no need for a separate application to receive the Grocery Rebate. Eligibility and the rebate amount are automatically determined based on the GST/HST credit eligibility and the information from the individual’s 2021 tax return.
- Issued in July 2023: The Grocery Rebate was scheduled to be issued on July 5, 2023, alongside the quarterly GST/HST credit payment.
Update on Another Grocery Rebate
There have been speculations that there will also be another Grocery Rebate in 2024. We are not sure about this news yet. But we get something to share with you, and we will update the same.
Eligibility for Canada Grocery Rebate 2024
The eligibility for the Canada Grocery Rebate is primarily linked to the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit. Here’s a breakdown of the eligibility criteria:
- GST/HST Credit Eligibility: To qualify for the Grocery Rebate, you must have been entitled to receive the GST/HST credit for January 2023. The GST/HST credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset all or part of the GST or HST that they pay.
- Tax Filing: An essential criterion is having filed a tax return for the 2021 tax year, even if there was no income to report. The eligibility for the Grocery Rebate, like the GST/HST credit, is based on the information from your tax return.
- Family Situation and Income: The amount of the Grocery Rebate depends on your family situation in January 2023 and your adjusted family net income for the 2021 tax year. This means that the amount you receive can vary based on whether you are single, married, or have a common-law partner, and on the number of children you have.
- Automatic Assessment: There is no separate application process for the Grocery Rebate. If you are eligible for the GST/HST credit based on your 2021 tax return, the Grocery Rebate will be automatically calculated and issued to you.
Canada Grocery Rebate Benefit Amount
The amount of the Grocery Rebate is double the GST/HST credit payment received in January 2023. The maximum payment varies depending on your family situation in January 2023 and your 2021 adjusted family net income. For instance, a single individual with no children could receive up to $234, while a married couple or those with a common-law partner with two children could receive up to $467.
Grocery Rebate Next Payment Schedule
The Grocery Rebate was scheduled to be issued on July 5, 2023. This was alongside the next quarterly GST/HST credit payment. If someone did not receive their Grocery Rebate on the expected date, they were advised to wait at least 10 business days before contacting the Canada Revenue Agency (CRA) for assistance.
How to Apply for a Canada Grocery Rebate
There is no separate application process for the Grocery Rebate. Eligibility and payment are automatically determined based on the GST/HST credit eligibility and the information from the 2021 tax return. If you’re eligible, the rebate is issued automatically without the need for a separate application.