Government delivers new Grocery Rebate to Canadians who need it most
News release
July 5, 2023 - Ottawa, Ontario - Department of Finance Canada
Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, announced that 11 million low- and modest-income Canadians and families will begin receiving their new, one-time Grocery Rebate today.
This targeted inflation relief for Canadians who need it most provides eligible couples with two children up to an extra $467; single Canadians without children up to an extra $234; and seniors with an extra $225, on average. By targeting the Grocery Rebate to the Canadians who need it most, the government is delivering important relief while maintaining Canada’s AAA credit rating and strong track record of fiscal responsibility.
Starting today, Grocery Rebate payments are being delivered to eligible Canadians by direct deposit or cheque through the Canada Revenue Agency.
Quotes
“While inflation in Canada has fallen to 3.4 per cent in May – down from 4.4 per cent in April, and from a high of 8.1 per cent last June, rising grocery prices remain a challenge for too many Canadians. With the Grocery Rebate payments being delivered to 11 million low- and modest-income Canadians starting today, our government is continuing to provide inflation relief to Canadians who need it most.”
- The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance
Quick facts
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As of May 2023, inflation in Canada has fallen to 3.4 per cent—down from 4.4 per cent in April, and from a high of 8.1 per cent last June. Among G7 countries, inflation is lower only in Japan, where inflation was 3.2 per cent in May—a mere 0.2 percentage points lower than in Canada.
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The legislation implementing the Grocery Rebate, Bill C-46 (the Cost of Living Act, No. 3) received Royal Assent on May 11, 2023.
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Introduced in Budget 2023, the one-time Grocery Rebate is providing new, targeted inflation relief to 11 million low- and modest-income Canadians and families:
- A single mother with one child and $30,000 in net income will receive $386.50, in addition to the $821 she will receive this benefit year through the GST Credit.
- A single senior with $20,000 in net income will receive $233.50, in addition to the $496 he will receive this benefit year through the GST Credit.
- A couple with two children and $35,000 in net income will receive $467, in addition to the $992 they will receive this benefit year through the GST Credit.
- Recipients will not need to apply for the Grocery Rebate, which will be delivered along with the July GST Credit payment. To receive the Grocery Rebate, Canadians will need to file their 2021 tax return if they have not already done so.
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Contacts
Media may contact:
Katherine Cuplinskas
Press Secretary and Senior Communications Advisor
Office of the Deputy Prime Minister and Minister of Finance
Katherine.Cuplinskas@fin.gc.ca
Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000
General enquiries
Phone: 1-833-712-2292
TTY: 613-369-3230
financepublic-financepublique@fin.gc.ca
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