Canada Grocery Rebate Payment Dates : The Canadian Government provides grocery rebates to its citizens for their financial assistance. As inflation is peaking these days, numerous Canadian citizens find it quite difficult to purchase basic items like dairy products, food, vegetables, etc.
In such circumstances, the Canadian government started an initiative to provide a Canada Grocery Rebate to all eligible candidates. Recipients receive the funds in exchange for taking care of their dependents—spouses, kids, and families.
Several factors are taken into account to calculate the Canada Grocery Rebate 2024 amount. Among other things, these factors include the kind of household, the family’s or individual’s income, and the total amount of GST or HST that will be recorded in the future.
The following article will help you better understand the Canada Grocery Rebate Payment. We’ve tried to explain the eligibility criteria, payment schedules, payment amounts, benefits, the application process, and the other important details you must know.
Table of Contents
- 1 Canada Grocery Rebate Payment June 2024: Major Points
- 2 Canada Grocery Rebate Payment June 2024 – Next Payment Date
- 3 Eligibility for Canada Grocery Rebate Payments 2024
- 4 Grocery Rebate Canada 2024 Payment Amount
- 5 Grocery Rebate Canada 2024 Payment Calculator
- 6 Benefits of Grocery Rebate Canada
- 7 Fact Check: Canada Grocery Rebate Payment Dates June 2024
- 8 FAQs
Canada Grocery Rebate Payment June 2024: Major Points
| Name | Canada Grocery Rebate |
| Country of Origin | Canada |
| State | All States |
| Regulating Body | Canada Revenue Agency (CRA) |
| Year | 2024 |
| Category | Financial Aid |
| Objective | Mitigate the financial burden of groceries |
| Applicable persons | Low-income working individuals and dependents |
| Age Limit | 19+ years |
| Expected Payment Amount | CAD 234 – CAD 628 |
| Payment Mode | Online (Direct Deposit) |
| Payment Duration | Single time |
| Expected Payment Dates | July 5, 2024, October 4, 2024 |
| Official Website | Grocery Rebate – Canada.ca |
Canada Grocery Rebate Payment June 2024 – Next Payment Date
The Canada Grocery Rebate 2023, included in the 2023 budget, provided one-time cash assistance to eligible Canadians facing rising living costs and economic uncertainty. Distributed on July 5, 2023, with the quarterly GST/HST credit payment, eligibility was based on 2021 tax returns.
The rebate equaled double the January 2023 GST/HST credit, varying by family circumstances and adjusted net income. It differed from the July 2023 GST/HST credit, which was based on 2022 tax returns.
The rebate aimed to support low and moderate-income Canadians during economic hardships. Many anticipate a possible reinstatement of the rebate on July 5, 2024, if the government continues the program.
Eligibility for Canada Grocery Rebate Payments 2024
Though the Canada Grocery Rebate was a one-time payment issued in July 2023, it had specific eligibility criteria. The government has yet to announce changes for 2024, but the common criteria include:
- Age: Minimum age of 19 years.
- Filing a 2022 Tax Return: Mandatory, even with no income.
- Receiving the GST/HST Credit for January 2024: Automatic eligibility if you received the credit.
- Income Thresholds for Individuals: Annual income of $32,000 or less.
- Income Thresholds for Households: Combined annual income of $38,000 or less.
Grocery Rebate Canada 2024 Payment Amount
| Number of Children | Single | Married |
| No Children | $234 | $306 |
| 1 Child | $387 | $387 |
| 2 Child | $467 | $467 |
| 3 Child | $548 | $548 |
| 4 Child | $628 | $628 |
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Grocery Rebate Canada 2024 Payment Calculator
This is what the Grocery Rebate Canada 2024 Payment calculator looks like:
| Particulars | Canada Grocery Rebate Amount 2024 |
| Base credit to Calculate | I $306 |
| Common Law Partner Credit | II $ |
| Eligible dependent Credit | III $ |
| Eligible Children Credit ($161for each) ($161 * Number of Children) | IV $ |
| Calculation of Additional Credit | |
| Adjusted Net Income of the family (Follows only if II is 0) | V $ |
| Base Amount | VI $9,919 |
| V-VI (If the result is negative then write 0) | VII $ |
| Additional Credit (Choose $161 or 2% Of VII Whichever is minimum) | VIII $ |
| Total (I,II,III,IV, And VIII) | IX $ |
| Calculation of credit reduction | |
| Adjusted Net Income of the Family | X $ |
| Base Amount | XI $39,826 |
| X-XI (If the result is negative then write 0) | XII $ |
| Calculate 5% of XII | XIII $ |
| Yearly Credit (IX-XIII) | XIV $ |
| Rebate Grocery Amount (XIV divided by II) | XV $ |
Benefits of Grocery Rebate Canada
- Finances: It provides a one-time payment to assist with the cost of groceries. Individuals can receive CAD 234 and couples with four children can receive up to CAD 628.
- Assistance with Increasing Prices: Canadians who are most impacted by rising food prices benefit from the rebate.
- Simple to Get: The refund is automatically given to Canadians who have completed their taxes. No separate application is available.
- Large Impact: The rebate helps almost 11 million Canadians with low to moderate incomes. It has the potential to end the poverty cycle.
- Reduces the Cost of Living: The government’s initiatives to help those in need and make life more affordable include the Grocery Rebate. It’s a useful tip to assist Canadians in better managing their grocery expenses.
Application Process: Canada Grocery Rebate June 2024
- No Separate Application: There is no separate application procedure for the Canada Grocery Rebate.
- Automatic Eligibility: The rebate will be granted to you automatically if you filed your taxes in 2022 and were credited with the GST/HST in 2024.
- Verify Status: To find out the status, visit the CRA’s official website and log into MyAccount.
- Notice of Redetermination: The CRA will give you a Notice of Redetermination outlining your benefit payments, including the amount and date of the grocery rebate if there is a scheduled payment.
- Speak with CRA: If you think you should have received the rebate but didn’t, call the CRA at 1-888-863-8662 to learn more about your benefits.
Fact Check: Canada Grocery Rebate Payment Dates June 2024
In June 2024, the Canadian government plans to extend the Canada Grocery Rebate. Important details consist of:
- Main Objective: The goal is to provide low-income families with more grocery item reimbursements.
- Status: Depending on budgetary allocation, payment for June 2024 is being considered.
- Timing: One-time payments could be received by July or October 2024 if they are approved.
- Payment Amount: Depending on the individual or household, this amount can range from about CAD 234 to CAD 628.
- Changes: Amount and eligibility are subject to change according to the changing income thresholds and budgetary allocations.
FAQs
Ques 1. What is the Canada Grocery Rebate 2024, in your opinion?
Ans. To help with financial difficulties, the Government of Canada offers its residents a one-time grocery rebate. Canadians are finding it increasingly difficult to afford necessities like food, dairy products, and veggies as inflation soars.
Ques 2. When will the Canada Grocery Rebate be paid in 2024?
Ans. We can anticipate the Canada Grocery Rebate Payment Date 2024 to be July 5, 2024, based on the prior timetable. However, as this is following the previous schedule, we are unable to confirm this.
Ques 3. What is the expected Payment Amount for Canada Grocery Rebate 2024?
Ans. The payment amount for Canada Grocery Rebate 2024 is expected from $234 to $628.
Ques 4. How will I receive the Canada Grocery Rebate 2024?
Ans. The Canada Grocery Rebate is expected to be issued in July 2024 through direct deposit if you have filed your taxes and set up direct deposit with the CRA. If you haven’t set up direct deposit, you may receive a cheque by mail.
Ques 5. Where can I find more information about the Canada Grocery Rebate 2024?
Ans. The Canada Revenue Agency (CRA) website is the most reliable source for information on the Canada Grocery Rebate. You can find details on eligibility, application (if required), and payment methods on their website at https://www.canada.ca/en/revenue-agency.html
Ques 6. Am I eligible for the Canada Grocery Rebate 2*4?
Ans. Eligibility for the Canada Grocery Rebate is based on a few factors:
*You must have filed a 2023 tax return and been eligible for the GST/HST credit.
*Your net income (after specific adjustments) must fall below a certain threshold. The exact income threshold for 2024 hasn’t been announced yet, but for 2023 it was $45,000 for single filers and $65,000 for couples.
*You must be a resident of Canada for tax purposes.
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