Canada Grocery Rebate Coming in July 2024 – Payment Dates and Eligibility

By Ehsteem Arif

Published on:

Justin Trudeau

In 2024, Canadians with low to moderate incomes can look forward to receiving a one-time grocery rebate aimed at helping them cope with rising food costs. The Grocery Rebate 2024, expected to be disbursed by July 5th, 2024, will provide much-needed financial relief. Here’s everything you need to know about the rebate, including its purpose, eligibility criteria, payment amounts, and important dates.

Grocery Rebate

Due to inflation, many Canadians are finding it difficult to afford necessities. To address this, the Canadian government has introduced a grocery rebate to assist with food purchases. First introduced in the 2023 budget, this initiative aims to support the well-being of Canadian families and individuals. Those who qualify for the GST/HST credit are also eligible for the Grocery Rebate.

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Payment Amounts

The grocery rebate amount varies depending on family circumstances and income. Here’s a breakdown of the expected payment amounts for 2024:

  • Maximum Amount: $628 per eligible household
  • Individual Payments: Range from $234 to $628, based on family income and size

The rebate amount is calculated based on the 2021 income tax return and considers several factors, including family composition and net income. The table below provides an overview of potential rebate amounts:

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Household TypeRebate Amount
Single IndividualsUp to $234
Married/Common-Law PartnersUp to $628
Each Child (Under 18)Varies

Payment Dates

The Grocery Rebate 2024 is expected to be issued on July 5th, 2024. If the payment is delayed, recipients should wait at least 10 days before contacting the Canada Revenue Agency (CRA) for an update.

Eligibility Criteria

To qualify for the Grocery Rebate, individuals must meet the following criteria:

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  1. Age: Must be 19 years or older.
  2. Income: Single individuals earning less than $45,000 annually and families with a total income not exceeding $65,000 are eligible.
  3. GST/HST Credit: Eligibility for the GST/HST credit as of January 2024 is required.
  4. Tax Filing: Must have filed an income tax return for 2021.

Eligible recipients do not need to apply separately for the rebate. Funds will be automatically deposited into the CRA account used for tax purposes or sent as an offline bank check to those meeting the eligibility criteria.

Additional Details

The Grocery Rebate is part of the Canadian government’s broader effort to provide targeted inflation relief. By doubling the amount of GST and HST refunds, the rebate aims to alleviate financial pressure on households struggling with increased living costs.

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In conclusion, the Grocery Rebate 2024 is a significant support measure for many Canadians. By knowing the eligibility criteria, payment amounts, and dates, you can better prepare to receive this financial assistance. This one-time payment will provide crucial help to households facing financial strain due to inflation and rising food costs.

FAQs

When will I receive the Grocery Rebate?

The expected payment date is July 5th, 2024.

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How do I check if I’m eligible for the Grocery Rebate?

Ensure you meet the age, income, and GST/HST credit eligibility requirements and have filed your 2021 income tax return.

What should I do if I don’t receive my rebate on time?

Wait at least 10 days after the expected payment date before contacting the CRA.

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How is the rebate amount determined?

The rebate amount is based on your 2021 income tax return and family circumstances as of January 2023.

Do I need to apply for the Grocery Rebate?

No, eligible recipients will automatically receive the rebate through their CRA account.

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Disclaimer- We are committed to fair and transparent journalism. Our Journalists verify all details before publishing any news. For any issues with our content, please contact us via email. 

Ehsteem Arif

A tax law expert with a knack for breaking down complex regulations into digestible insights. Ehsteem's articles on the tax news blog offer invaluable guidance to readers navigating changes in tax legislation.

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