In 2024, Canadians with low to moderate incomes will receive a special one-time grocery rebate to help with rising food costs. This rebate is designed to provide financial relief to those struggling with inflation. Here’s everything you need to know about this rebate, including who can get it, how much you might receive, and when you’ll get it.
Grocery Rebate Overview
Due to inflation, many Canadians are having trouble affording basic necessities. To help, the Canadian government is offering a grocery rebate. This rebate was first introduced in the 2023 budget and aims to support Canadian families and individuals. If you qualify for the GST/HST credit, you’ll also be eligible for this grocery rebate.
Payment Amounts
The amount of the grocery rebate depends on your family situation and income. Here’s a breakdown of the expected payments for 2024:
- Maximum Amount: Up to $628 per eligible household.
- Individual Payments: Between $234 and $628, depending on your income and family size.
The rebate is based on your 2021 income tax return and considers factors like family size and net income. Here’s a quick look at potential amounts:
- Single Individuals: Up to $234
- Married or Common-Law Partners: Up to $628
- Each Child (Under 18): Varies
Payment Dates
The Grocery Rebate 2024 is expected to be given out on July 5th, 2024. If you don’t receive your payment by then, wait at least 10 days before contacting the Canada Revenue Agency (CRA) for an update.
Eligibility Criteria
To get the Grocery Rebate, you need to:
- Be 19 years or older.
- Have an income of less than $45,000 if you’re single, or less than $65,000 for families.
- Be eligible for the GST/HST credit as of January 2024.
- Have filed a 2021 income tax return.
You don’t need to apply separately for the rebate. If you’re eligible, the money will be automatically deposited into your CRA account or sent to you by mail.
Additional Details
The Grocery Rebate is part of a larger effort by the Canadian government to help people cope with rising living costs. By doubling the GST and HST refunds, this rebate aims to ease financial pressure on households.
The Grocery Rebate 2024 is a helpful measure for many Canadians. Understanding who qualifies, how much you can get, and when to expect the payment will help you prepare for this financial assistance. This rebate is an important support for those facing difficulties due to inflation and higher food prices.
Who is eligible for the Grocery Rebate 2024?
To qualify, you must be 19 years or older, earn less than $45,000 if single or $65,000 if a family, and be eligible for the GST/HST credit.
When will the Grocery Rebate 2024 be paid?
The rebate is expected to be issued on July 5th, 2024. If delayed, wait 10 days before contacting the CRA.
How is the Grocery Rebate amount determined?
The amount depends on your income and family size, based on your 2021 income tax return.
Do I need to apply separately for the Grocery Rebate?
No, if you meet the eligibility criteria, the rebate will be automatically deposited into your CRA account or sent by mail.
What should I do if I don’t receive the rebate on time?
Wait at least 10 days after the expected payment date before contacting the CRA for an update.