Canada Revenue Agency to issue one-time grocery rebate payments to eligible citizens on July 5
The Canada Revenue Agency (CRA) will be issuing to eligible Canadians the long-promised one-time grocery rebate payments on July 5.
Unveiled as part of the 2023 federal budget, the one-time benefit passed by Parliament will be deposited in Canadians' bank accounts on Wednesday through Canada's GST/HST tax credit system, alongside the regular quarterly GST/HST payments.
This rebate. which would be equivalent to double the GST/HST credit amount received in January, can be expected by eligible individuals and families who have received a GST/HST credit payment for January 2023, and have filed their latest tax returns.
The amount expected by the eligible candidates is calculated based on each family's situation and adjusted family net income.
The rebate, coming with a price tag of $2.5 billion for the federal government, was unveiled as a measure to help Canadians offset higher grocery bills due to inflation.
(Reporting by Asha Bajaj)
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
