Updated on January 21, 2024
We encourage you to read this article all the way through to stay informed about Grocery Rebate Payments in 2024: Find out when and who qualifies for the payments.
Grocery Rebate Payments
The Grocery Rebate Payment program was introduced by the Canadian government to offset the increased grocery costs due to inflation. Announced alongside the Budget 2023, it provided relief to 11 million eligible Canadians. The rebate is targeted at families with low to moderate incomes, and the Canada Revenue Agency (CRA) is overseeing the distribution through checks or direct deposits. As per the government’s announcement, this one-time payment is scheduled to be made annually.
If you’re a Canadian struggling with rising food prices, stick with us through this article. The Grocery Rebate payment in 2024, coupled with your GST/HST credit, could be a potential benefit for you in the future.
What is the Grocery Rebate Plan
The Food Price Report 2023 forecasted a potential 7% increase in grocery prices in Canada, projecting annual expenses for a four-person family to surpass $15,000. To counter the impact on low-income families, the government initiated the Grocery Rebate plan in the summer of 2023.