From July 5th onwards, the Honourable Chrystia Freeland, the Deputy Prime Minister and Minister of Finance, announced that a total of 11 million low- and modest-income Canadians and families will commence receiving their new one-time Grocery Rebate.

This specific measure aimed at addressing inflation concerns is designed to provide additional financial assistance to the most deserving Canadian individuals and families. Eligible couples with two children can expect to receive an average of $467, while single Canadians without children may receive an average of $234. Additionally, seniors will receive an average of $225 in extra support. This initiative, which focuses on those who require it the most, ensures crucial relief measures while upholding Canada’s AAA credit rating and strong commitment to fiscal responsibility.

Eligible Canadians will receive their Grocery Rebate payments through direct deposit or cheque, facilitated by the Canada Revenue Agency.

You May Also like

Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.

Book A Free Consultation

Got questions? We’ve got answers! Use the link below to book a time to chat with one of our experts.

Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.