![]() It's still high, but it's better than 10 per cent." "We are expecting to finish the year with a food inflation rate of about four to five per cent. "We are expecting things to be a little more manageable for households probably in the summer, (but) not before then," he said. Food inflation has softened somewhat in recent weeks, Charlebois said, but even with that softening and the extra cash in their pockets from the grocery rebate, Canadians aren't out of the woods yet. The most substantial increases will be in the cost of vegetables, dairy and meat, according to the report. ![]() "For a family of four, their food bill will increase by about $1,100 this year," the lab's director, Sylvain Charlebois, told CTV News Calgary on Tuesday. The average family of four will spend up to $16,288.41 on food this year, according to the latest Canada’s Food Price Report, published by the Agri-Food Analytics Lab at Dalhousie University. HOW MUCH DOES IT COST TO FEED A FAMILY OF 4 IN CANADA? It's phased out entirely once income reaches $50,000 or more for a single person with no children, $55,000 or more for a couple without children and $65,000 or more for a couple with four children. The GST benefit is reduced as income rises. ![]() Since the rebate will be rolled into the GST/HST credit, the eligibility criteria for that credit might offer some insight into who will be eligible for the maximum Grocery Rebate amounts. The budget doesn't pinpoint any eligibility brackets based on income, but outlines hypothetical scenarios where a couple earning $38,000 per year and an individual earning $32,000 both received the maximum rebate. It will provide eligible couples with two children with up to $467, single Canadians without children with up to $234 and seniors with $225 on average. The Grocery Rebate is earmarked for 11 million low- to modest-income Canadians. Because the rebate is automatically rolled into the GST/HST credit, eligible Canadians shouldn't need to do anything besides file their tax return in order to receive the payment. ![]() While no specific date for the payments has been announced, upcoming GST/HST credit payment dates for 2023 include April 5, July 5 and Oct. This move essentially re-ups and re-brands the recent GST rebate boost. "That’s why our budget contains targeted, temporary relief from the effects of inflation for those who need it."Īccording to the budget, the benefit will be rolled out through the GST/HST rebate system, once a bill implementing it passes in the House of Commons. "Our more vulnerable friends and neighbours are still suffering from higher prices," Minister of Finance Chrystia Freeland said after tabling the budget on March 28. Capital Dispatch: Sign up for in-depth political coverage of Parliament Hill.Among these measures is a new grocery rebate in the form of a one-time payment for middle- and low-income Canadians that is designed to offset food inflation. To help offset rising living expenses, the Government of Canada has built some benefit increases and fee reductions into its 2023 budget. Canada's economy might be recovering from the pandemic, but many Canadians are still struggling with the cost of living, thanks, in part, to the impacts of global inflation.
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