Updated on January 25, 2024
We highly encourage you to read through this article in its entirety to stay informed about Grocery Rebate Payments in 2024: Find out the timing and the eligible recipients for Grocery Rebate Payments this year.
Grocery Rebate Payments
In response to the rising grocery prices due to inflation, the Canadian government introduced the Grocery Rebate Payment program. Announced alongside the Budget 2023, this initiative aimed to provide inflation relief, benefiting 11 million eligible Canadians.
The government has specified that families with low to moderate incomes in Canada qualify for the rebate. The Canada Revenue Agency (CRA) is overseeing the distribution of the rebate, facilitating either a physical check or direct deposit. Notably, as per the government’s announcement, the rebate is a one-time payment and is scheduled to be disbursed annually.
If you’re a Canadian struggling to navigate the continually rising food inflation, you’ll want to stay tuned to this article. The Grocery Rebate program could be a potential source of relief for you in the coming year, offering a 2024 payment alongside your GST/HST credit. Stick around for more details on how this scheme might benefit you in the future.
What is the Grocery Rebate Plan
The Food Price Report 2023 for Canada foresaw a potential 7% increase in grocery prices in the coming years, projecting that the annual food costs for a four-person Canadian family could surpass $15,000. In response to this significant impact, particularly on low-income families, the government initiated the Grocery Rebate plan in the summer of 2023.
To aid Canadians with lower incomes grappling with escalating food costs, the federal government has introduced a singular payment known as the Grocery Rebate. Prime Minister Justin Trudeau highlighted that the initiative aims to support those “hardest hit by rising food prices.” To confirm the credited rebate amount, individuals are required to log into their CRA accounts.
Grocery Rebate Payments Date
| Article Name | Grocery Rebate Payment |
| Country | Canada |
| Regulators | Canada Revenue Agency |
| Purpose | To help cope with rising food inflation |
| Rebate Payment Date 2024 | Expected in July 2024 |
| Rebate Amount Range | $225-$628 |
Grocery Rebate Payment Amount
The payment amount for 2024 under the Grocery Rebate program will be determined based on your January 2024 financial status and your 2022 adjusted family net income. Additionally, factors such as marital status and the presence of children will be taken into account in calculating the payment amount.
The rebate is structured to provide the following amounts:
- Couples with no kids: $306
- Couples and individuals with one child: $387
- Couples and individuals with two children: $467
- Couples and individuals with three children: $548
- Couples and individuals with four children: $628
- Individuals with no children: $234
- Seniors: $255
It’s important to highlight that if your net income on your tax return surpasses $39,826, there will be a reduction in the Grocery Rebate payments. Typically, the Grocery Rebate amount is designed to be twice the sum of your January 2023 GST/HST credit.
Grocery Rebate Payment Eligibility
Similar to other government schemes, the Grocery Rebate payment is subject to specific eligibility requirements. These criteria are put in place to ensure that the benefits reach only those who are eligible and in need within the nation.
Here are some key eligibility requirements outlined:
- Residency: To qualify for this credit, you must be a resident of Canada for income tax purposes.
- Income Thresholds: Canadians with a household income of $38,000 or less per year, or individuals with $32,000 or less per year, are eligible for the grocery rebate.
- Tax Return Filing: Filing a tax return is a prerequisite for eligibility for the Grocery Rebate, as the qualification is dependent on the information provided in your tax return.
- GST/HST Credit Eligibility: Those eligible for the GST/HST credit in January 2024 will automatically qualify for the Grocery Rebate.
If you meet the specified criteria, the Canada Revenue Agency (CRA) will conduct an automatic assessment of your eligibility, and the determined benefit amount will be deposited into your account. The distribution of the payment will follow a process similar to that of your GST/HST credit.
Grocery Rebate Payment in 2024?
The upcoming scheduled GST/HST credit payment for the following year will encompass the Grocery Rebate, benefiting families and Canadians with low to modest incomes. Based on the precedent set in 2023 when the Grocery Rebate was distributed on July 5, a similar date is expected for the 2024 payment.
It’s important to note that obtaining the Grocery Rebate doesn’t require a separate application. Eligible recipients will automatically receive the one-time payment if they have filed their 2022 income tax and benefit return. This aligns with the practice in 2023, where the rebate was processed based on 2021 returns.
We sincerely express our gratitude to all the readers of this article on the Canadian grocery rebate policy for visiting our portal. We appreciate your continued support and look forward to serving you in the future.