Canadian Grocery Rebate 2023 When You Will it be Paid & How much Eligible Income

Canadian Grocery Rebate 2023 When You Will it be Paid & How much Eligible Income

In recent times, Canadians have been eagerly anticipating the benefits of the upcoming grocery rebate in 2023. As the government takes steps to provide financial relief to its citizens, it’s crucial to understand the ins and outs of this program, especially the burning question: when will the rebate be paid?

In the wake of a substantial surge in grocery prices, the average Canadian household is grappling with an annual expenditure exceeding $16,000 on food, marking a noteworthy uptick of over $1,000 from the previous year, according to the Canada Food Price Report 2023.

Canada Grocery Rebate Eligibility Criteria

Determining eligibility for the Grocery Rebate is a straightforward process tied to your 2021 tax return. Even if you had no income to report for the year, filing a tax return for 2021 is essential to secure the rebate. The rebate extends to individuals entitled to receive the GST/HST credit in January 2023, a determination hinging on the details of their 2021 tax return.

GST/HST Credit and Grocery Rebate Interplay

Remarkably, eligibility isn’t confined to the July 2023 GST/HST credit qualification. Even if an individual did not qualify for the GST/HST credit in July 2023, they stand eligible for the Grocery Rebate. This unique feature underscores the government’s commitment to providing financial relief beyond conventional timelines.

How Much Grocery Rebate You Will Get?

The quantum of the Grocery Rebate is a pivotal aspect that individuals eagerly anticipate. It mirrors double the GST/HST credit amount received in January 2023. The payment is contingent upon your family situation and 2021 adjusted family net income, ensuring tailored support for various family compositions.

Single Individuals: Maximum Payment Breakdown

  • $234 (no children)
  • $387 (with 1 child)
  • $467 (with 2 children)
  • $548 (with 3 children)
  • $628 (with 4 children)

Married or Common-Law Partners: Maximum Payment Breakdown

  • $306 (no children)
  • $387 (with 1 child)
  • $467 (with 2 children)
  • $548 (with 3 children)
  • $628 (with 4 children)

Vital to note is that payments undergo reduction if the net income on the 2021 tax return surpasses $39,826. This is the eligible income for grocery rebate in Canada 2023.

get ready for grocery rebate

When You Will Get Grocery Rebate?

The issuance date for the Grocery Rebate is scheduled for July 5, 2023. This injection of financial support is a strategic move aimed at alleviating the economic strain on eligible individuals precisely when they need it.

Related Article: GST Tax Credit Canada: What is GST Tax Credit & When You Will Receive Next GST Payment

How to Apply for Grocery Rebate in Canada?

Applying for the grocery rebate is a straightforward process. Contrary to a traditional application, there isn’t a specific form to fill out. Eligibility for the Grocery Rebate is determined based on meeting certain requirements and having filed your 2021 tax return. The good news is that if you meet these criteria, the payment will be automatically sent to you.

In essence, to avail yourself of the Grocery Rebate, the crucial step is to ensure you have filed your taxes. The process is seamless, and once you’ve fulfilled this requirement, you’ll be in line to receive the rebate without any additional application steps.