How is it if you get some EXTRA CASH for your grocery bills? You are going to get it.
On July 5th, the Canadian government is going to give a one time Grocery Rebate to 11 million Canadians with low income. The bill C-46 (Cost of Living Relief Act, No. 3) has already been approved. The maximum amount of this rebate is set to
- $81 for singles
- $81 per child
- $153 per adult
Who is eligible for the Grocery Rebate?
There is no minimum income requirement, but to be eligible for this Grocery Rebate Payment, the annual net income of a family should not be more than $38,000 and the annual net income of an individual should not be more than $32,000.
Other Eligibility requirements for Grocery Rebate
- Must be a Canadian resident for income tax purposes
- File your 2021 tax return
- Meet the criteria for the GST/HST credit
- age
- marital status
- family size
- Be at least 19 years old
- have a spouse or common-law partner or a parent living with child
One must meet all of these requirements to receive the Grocery Rebate on July 5th, 2023.
How is the rebate payment calculated?
The Rebate payment is calculated based on these factors
- The family’s net income
- The number of children under 19 years old registered for the Canada child benefit
- The GST/HST credit.
These factors are used to determine the amount of the Grocery Rebate payment that eligible Canadians will receive.
To qualify for the GST credit, your family net income threshold based on family structure in 2021 must be lower than the amount shown in the table below
| Single person | $49,166 |
| Single parent with one child | $55,286 |
| Single parent with two children | $58,506 |
| Single parent with three children | $61,726 |
| Single parent with four children | $64,946 |
| A couple with no children | $52,066 |
| A couple having 1 child | $55,286 |
| A couple having 2 children | $58,506 |
| A couple having 3 children | $61,726 |
| A couple having 4 children | $64,946 |
How Much Grocery Rebate Will You Get on 5th July, 2023
Eligible Canadians can receive additional financial support through the Grocery Rebate program. The amount of financial support depends on various factors mentioned above. The money you can get
- Couples with two children can receive up to $467
- Single Canadians without children can receive up to $234
- Seniors can receive an average of $225
The additional financial support (e.g.)
- a single mother with a child and a net income of $30,000 can receive $386.50 for groceries on top of the $1,160 received through the GST Credit..
- a single senior with a net income of $20,000 can receive $233.50 for groceries along with the approximately $701 received through the GST Credit.
- a couple with two children and a net income of $35,000 can receive $467 for groceries in addition to the approximately $1,401 received through the GST Credit this year.
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How To Claim your Grocery Rebate
There is no need to apply for the Grocery Rebate. Eligible people will receive this amount automatically with their July GST Credit Payment from Canada Revenue Agency (CRA) via direct deposit or cheque.
Conclusion
The Grocery Rebate is a Canadian government program that provides financial support to low income Canadians. If you meet the eligibility requirements, you should get the rebate on July 5th, 2023.