(Please see the beginning of the article here)
Budget 2023 proposes to introduce an increase to the maximum GSTC
amount for January 2023 that would be known as the Grocery Rebate.
Eligible individuals would receive an additional GSTC amount equivalent to
twice the amount received for January. The Grocery Rebate would be paid as
soon as possible following the passage of legislation, through the GSTC system.
The maximum amount under the Grocery Rebate would be:
• $153 per adult;
• $81 per child; and
• $81 for the single supplement.
To legislate this change, the maximum GSTC amount for January 2023 would
be replaced with an amount that is triple the maximum for that month under
the current rules. For this January 2023 replacement payment only, the
phase-in and phase-out rates would be tripled to six per cent from two per
cent and to 15 per cent from five per cent, respectively. This ensures that the
Grocery Rebate would be fully phased in and phased out at the same income
levels as under the current GSTC rules for the 2022-23 benefit year. There would
be no change to the income thresholds at which the single supplement phases
in and GSTC entitlement phases out.
*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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