Hey Hustlers! Ready to learn how to claim your $628 Grocery Rebate in Canada? HustleHub has got you covered with everything you need to know about this crucial financial boost. Whether you’re figuring out if you qualify or wondering how to maximize your rebate, this guide will break it all down.
Key Takeaway Box
- Eligibility: Must have received the GST/HST credit for January 2023.
- Payment Date: July 5, 2024.
- Maximum Amount: Up to $628, depending on family size and income.
- How to Claim: Automatically credited if eligible, ensure taxes are filed.
Who is Eligible for the $628 Grocery Rebate in Canada?
To be eligible for the Grocery Rebate, you must meet the following criteria:
- Residency and Citizenship: You must be a legal resident of Canada.
- Age Requirement: You need to be at least 19 years old as of the payment date.
- Income: Your eligibility is based on your adjusted family net income for the year 2021.
- Tax Returns: Ensure your 2021 tax return was filed, even if you had no income to report.
The rebate is specifically designed for those who received the GST/HST credit in January 2023.
Payment Amounts
The rebate amounts vary depending on your family situation:
| Family Situation | Rebate Amount |
|---|---|
| Single, no children | $234 |
| Single, 1 child | $387 |
| Single, 2 children | $467 |
| Single, 3 children | $548 |
| Single, 4 children | $628 |
| Married/Common-law, no children | $306 |
| Married/Common-law, 1 child | $387 |
| Married/Common-law, 2 children | $467 |
| Married/Common-law, 3 children | $548 |
| Married/Common-law, 4 children | $628 |
These amounts double your GST/HST credit from January 2023.
Payment Dates and How to Claim
The Grocery Rebate will be issued on July 5, 2024. You don’t need to apply separately for this rebate; it will be automatically credited to your account if you meet the eligibility criteria. To ensure you receive your payment:
- File your 2021 and 2022 tax returns by April 30, 2024.
- Update your direct deposit information or mailing address with the CRA.
Maximizing Your Grocery Rebate
To get the most out of your rebate:
- Use it for essential expenses such as groceries and household supplies.
- Pay off high-interest debts to reduce future financial burdens.
- Save or invest the money to build an emergency fund.
FAQs
Can I receive the Grocery Rebate if I don’t get the GST/HST credit in January 2024?
No, eligibility is tied to the GST/HST credit received in January 2023.
Will the Grocery Rebate affect my taxes or other government benefits?
No, the rebate is tax-free and does not impact other benefits.
What should I do if I don’t receive my rebate on the scheduled date?
Wait 10 business days after July 5, 2024, then contact the CRA.
Is there any action required to claim the rebate?
No, it will be automatically issued if eligible, but ensure your tax returns are filed.
What are the income limits for eligibility?
Generally, single individuals earning less than $45,000 and families earning less than $65,000.
Can non-residents or new residents in 2021 receive the rebate?
No, you must have been a resident of Canada for tax purposes in 2021.
How can I check my rebate status?
Log in to your CRA My Account online.
For more details, visit HustleHub to stay updated on financial aids and rebates.