The Trudeau government’s “grocery rebate” is set to be deposited into bank accounts on July 5, giving eligible Canadians some relief from soaring grocery bills due to high inflation..The one-time rebate is designed to assist 11 million low- and modest-income Canadians and families in coping with the increased food prices, which have surged by over 11% in the past 12 months..According to the Canada Revenue Agency (CRA), eligible Canadians can expect to receive their payments starting on July 5, coinciding with the already-scheduled quarterly GST rebates. The distribution of the grocery rebate payment will go through the existing GST rebate system..Similar to the GST tax credit, the eligibility for the grocery rebate is determined by household income and family size..Individuals earning $32,000 or less and families earning $38,000 or less will receive the rebate..The rebate will be automatically issued. There is no need to apply for it..To calculate the rebate amount, individuals must have filed their 2021 income tax return, even if they had no income during that year..The payment will be disbursed by the CRA either through a direct deposit to your bank account or by mailing a cheque..Lower- and modest-income Canadians can expect a rebate ranging from $234 to $628..According to the CRA, the rebate would provide up to:.$234 for a single person with no children$306 for a couple with no children$387 for a single person or couple with one child$467 for a single person or couple with two children$538 for a single person or couple with three children$628 for a single person or couple with four children.The rebate amounts are the same as the temporary doubling of the GST rebate that was given out last fall.
The Trudeau government’s “grocery rebate” is set to be deposited into bank accounts on July 5, giving eligible Canadians some relief from soaring grocery bills due to high inflation..The one-time rebate is designed to assist 11 million low- and modest-income Canadians and families in coping with the increased food prices, which have surged by over 11% in the past 12 months..According to the Canada Revenue Agency (CRA), eligible Canadians can expect to receive their payments starting on July 5, coinciding with the already-scheduled quarterly GST rebates. The distribution of the grocery rebate payment will go through the existing GST rebate system..Similar to the GST tax credit, the eligibility for the grocery rebate is determined by household income and family size..Individuals earning $32,000 or less and families earning $38,000 or less will receive the rebate..The rebate will be automatically issued. There is no need to apply for it..To calculate the rebate amount, individuals must have filed their 2021 income tax return, even if they had no income during that year..The payment will be disbursed by the CRA either through a direct deposit to your bank account or by mailing a cheque..Lower- and modest-income Canadians can expect a rebate ranging from $234 to $628..According to the CRA, the rebate would provide up to:.$234 for a single person with no children$306 for a couple with no children$387 for a single person or couple with one child$467 for a single person or couple with two children$538 for a single person or couple with three children$628 for a single person or couple with four children.The rebate amounts are the same as the temporary doubling of the GST rebate that was given out last fall.
