Lower-income Canadians can expect to receive a one-time grocery rebate from the Canada Revenue Agency starting July 5. Here's everything you need to know about the GST rebate:
Here’s what we know about the rebate so far.The federal government is doubling the one-time GST rebate for lower-income Canadians, a $2.5-billion measure that it’s calling a “grocery rebate.” The money can be used for anything, but the name is a nod to rising food prices.
The maximum rebate for an eligible household of two parents and two kids would be $467, which is equivalent to a bit less than $9 per week.Who is eligible for the grocery rebate? The rebate will be eligible to the estimated 11 million Canadians on low and modest incomes to help with increased costs. Finance Minister Chrystia Freeland said in her Commons speech that “vulnerable” Canadians “are still feeling the bite of higher prices.” She said the budget “delivers targeted inflation relief to those who need it most.”Leading up to Tuesday, Ms.
In the month of February, multiple pantry staples increased by nearly double the overall inflation rate for food purchased from stores. Pasta prices rose 23.1 per cent last month compared with a year earlier, flour jumped 22.9 per cent and butter increased 19.7 per cent, according to Statistics Canada.The grocery rebate would be delivered through a one-time payment from the Canada Revenue Agency starting July 5.A national dental care plan for lower-income people will get started later this year.
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