Grocery Rebate Payments Rolling Out Today
Listen to this articleA single payment designed to assist low-income Canadians in mitigating the impact of escalating food expenses.
Today, eligible Canadians can anticipate the arrival of grocery rebate payments in their bank accounts, courtesy of the federal government. Aimed at providing targeted relief from inflation, these one-time payments are intended for approximately 11 million low- and modest-income households.
This initiative echoes last year’s temporary increase in the GST rebate, which was implemented to address mounting concerns about the rising cost of living. Those who qualified for the GST rebate as of January 2023 will automatically qualify for this one-time top-up, without needing to submit an application.
The specific payment amounts are determined based on the net income and size of the recipient’s family. Families of four who meet the eligibility criteria can expect to receive up to $467 via direct deposit or cheque from the Canada Revenue Agency. Single individuals without children may receive up to $234, while seniors are eligible for a rebate of up to $225.
It’s important to note that while some Canadians may qualify for the July GST rebate but not the grocery rebate, or vice versa, the determination is based on different criteria. The grocery rebate considers 2021 income tax returns, whereas the GST rebate relies on 2022 tax returns.
The exact sum individuals will receive from the GST rebate depends on their family income level and composition. The federal government has published a comprehensive chart outlining the various payment amounts.
Statistics Canada reported that Canada’s inflation rate dipped to 3.4 percent in May, marking the lowest level since June 2021. However, the cost of food continued to rise considerably, with grocery prices climbing nearly nine percent compared to the previous year—a marginal decrease from April’s 9.1 percent but still approximately three times the overall inflation rate.
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