Due to increased inflation, the Canadian government will be adjusting the grocery rebate for the year 2024. Here is everything you need to know about the new eligibility criteria and the payment for the grocery rebate.
Grocery Rebate: What’s New?
It has been reported that in order to ease the pressure of high food prices, the government of Canada is extending the amount of rebate on groceries. This lump-sum payment is supposed to help the struggling low and moderate-income families pay for groceries. Thus, this increase will help around 21 million families, according to the government’s EDU. The rebate amount will depend on the household tax credit and its ability to pay for the rebates.
Grocery Rebate Eligibility for 2024
- To qualify for the grocery rebate, you must meet certain criteria
- There is no need to apply separately if you are claimed on the income tax and benefit return of the Canada Revenue Agency (CRA).
- CRA must have assigned you a national insurance number.
- Special attention is paid to those who have some rights to GST/HST.
- The household net income is generally required to be below one hundred and twenty thousand five hundred and three USD, and it is $45,000 for single applicants.
- You must be a current and clean tax payer; no persons with outstanding taxes or uninsured returns are acceptable.
- People with criminal records and employees of the government institutions cannot participate in lotteries.
How Much Can You Expect to Earn?
The rebate amount varies depending on your household size:
- Individual: $234
- Married Couple: $306
- Couple with One Child: Stock has 387 dollar.
- Family with Two Children: $467
- Family with Three Children: $548
- Family with Four or More Children: $628
- Retired Couple: $255
The separated parents will also have to be paid depending on the amount of time they spend with their child when they are separated. Single parents who will register will also be given a rebate including the adoptive single parents.
Payment Details
Payments will be made directly to beneficiaries’ accounts. To ensure you receive the rebate, make sure to register early and keep your CRA account updated.
This new grocery rebate is designed to ease the financial burden of rising food costs. For the latest updates and any changes, check the official Canada Revenue Agency website. By staying informed about these changes, you can make the most of the new grocery rebate and better manage your household budget.