THE GROCERY REBATE (PART 1)

The Goods and Services Tax Credit (GSTC) helps to offset the impact of the GST
on low- and modest-income individuals and families. The GSTC is non-taxable,
income-tested, and indexed to inflation.
For the 2022-23 benefit year (July 1, 2022 to June 30, 2023), the current rules
provide (without regard to the November 2022 top-up) the maximum GSTC
amounts shown in the table below:
Table
Maximum GSTC amounts per quarter under the current rules, 2022-23
benefit year
GSTC maximum amounts

•                                 July, 2022 October, 2022 January, 2023 April, 2023 Total (2022-23 benefit year)
  Per adult                         $77                     $77                       $77                  $77                       $306
  Per child                         $40                     $40                      $40                  $40                        $161
  Additional single

supplement                    $40                      $40                     $40                 $40                         $161
Note: Amounts rounded to the nearest dollar. November 2022 top-up not shown. Totals may not add due to rounding.

• For the 2022-23 benefit year:
• GSTC entitlement is subject to a five-per-cent phase-out rate based on
  the portion of 2021 adjusted family net income above $39,826;
• for single adults without children, the additional single supplement is subject to a two-per-cent phase-in rate based on the portion of 2021 net income over $9,919; and
• single parents receive an additional maximum single supplement and the adult amount for their first child (the per-child amount is provided for each additional child).

(Please see the second part of the article in our next post).

*The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this text accepts any contractual, tortious, or any other form of liability for its contents.

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