Starting in July 2024, eligible citizens who receive the GST/HST Credit will have access to the New Grocery Rebate Canada 2024. This program offers a grocery payment amount and aims to provide support to those in need.
Grocery Rebate Canada 2024 Payment Date
Grocery Rebate Canada plans on continuing in 2024 as before by disbursing supplementary payments in July – similar to last year when payments were dispersed on July 5th.
If your GST/HST credits for 2024 total less than $50 each quarter, and meet specific eligibility criteria, the Canada Revenue Agency (CRA) will make a one-time payment in July.
This initiative seeks to aid those in need and ensure financial aid reaches those most in need of relief.
Canada Grocery Rebate 2024 Eligibility
As with other government programs, the Grocery Rebate payout depends upon fulfilling specific qualifying conditions – this ensures that only citizens in genuine need receive benefits they’ve earned.
Grocery Rebate Payment Amount 2024
2024 payments will be determined based on your financial circumstances as of January, adjusted family net income in 2022, marital status and child bearing. We ensure accurate and fair calculations to guarantee accurate and fair payment calculations.
For unmarried couples: $306
For singles and couples with a single child: $387
For singles and couples with two children: $467
For individuals and couples with three children: $548
For singles and couples with four children: $628
Those without children: $234
Please take note if the net income on your tax return surpasses $39,826 there will be a reduction in payments and in general the grocery rebate will double the amount of your January 2024 GST/HST credit.
Grocery Rebate Canada 2024 Plan
According to the 2023 Food Price Report for Canada, grocery costs are projected to increase by roughly 7% within three years; thus indicating that four-person Canadian households may spend in excess of $15k yearly on food alone.
Recognizing that low-income Canadian families would bear most of the brunt of rising food costs, the government initiated the Grocery Rebate program in summer 2023 to assist Canadians on limited incomes who are finding it hard to cope. Under this initiative, eligible individuals will receive one-time payments known as Grocery Rebates from the federal government.
Prime Minister Justin Trudeau emphasized the primary goal of this proposal was to assist those most negatively impacted by rising food costs. If your rebate amount has already been applied to your CRA (Canada Revenue Agency) account, log-in here.
How do I get my Grocery Rebate Payment 2024?
The following actions can be taken to guarantee that you get paid for your food rebate:
Even if you had no income to declare, be sure you have filed your 2023 tax return.
Verify whether you can get the GST/HST credit for January 2024 by consulting your Notice of (Re)determination.
If your family’s income or circumstances change, be sure to update your tax return information with the CRA.
Verify your account by CRA and all required documents.