How would you spend Canada's proposed grocery rebate? We want to hear from you
Along with improving access to health care and investing in a clean economy, the 2023 federal budget also includes plans for a one-time “grocery rebate.”
The money will be offered through the GST tax credit system and according to the federal government, approximately 11 million low- and modest-income Canadians would be eligible to receive it. Couples with two children could receive up to $467 for their groceries, while a single person could receive $234 and a senior could be eligible for up to $225.
Although the latest data shows that Canada’s annual inflation rate dropped from 5.9 per cent in January to 5.2 per cent in February, grocery prices remain high across the country. According to data from Statistics Canada, food prices increased 10.6 year-over-year in February.
CTVNews.ca wants to hear from Canadians who plan on taking advantage of this rebate, if the proposed measure is passed in Parliament.
How would this money impact your grocery bills? What do they look like now? Would you change your grocery-buying habits if you had this extra money? Give us the breakdown of exactly what you would spend it on.
Share your story by emailing us at firstname.lastname@example.org with your name and location and phone number in case we want to follow-up. Your comments may be used in a CTVNews.ca story.
MORE Business News
opinion | Should you take advantage of the First Home Savings Account?
Personal finance contributor Christopher Liew explains how First Home Savings Accounts work, who’s eligible for the program, and outlines the contribution rules.
opinion | Find out how much contribution room is left in your RESP to avoid penalties
Opening a Registered Education Savings Plan (RESP) is a great way to fund your child’s future education. Personal finance contributor Christopher Liew outlines the contribution rules for RESPs and explains how to find out how much contribution room you have left so that you can avoid penalties.
opinion | Is it a good time to buy a new vehicle?
If you're like many would-be vehicle shoppers, you may be wondering when prices will finally drop. The good news is that the vehicle market seems to be finally stabilizing, says personal finance contributor Christopher Liew.
opinion | How to get the most out of your grocery rebate
Personal finance contributor Christoper Liew shares the latest information about who’s eligible for the grocery rebate, when they can expect their payments, and some helpful tips on making the most of your grocery rebate.
opinion | Dos and don'ts of money while travelling
As a former financial advisor, I’ve always been fascinated by how the 'culture' around money differs from one region of the world to another,' writes personal finance commentator Christopher Liew. 'Today, I’ll outline some of the interesting money habits that I’ve noticed while travelling the globe, starting with some of our own!'
opinion | How much of a raise should you ask for in a time of high inflation?
With the rising cost of food and living expenses, you might be considering asking for a raise. On CTVNews.ca, personal finance contributer Christopher Liew explains how inflation could determine the extent of your raise, as well as other key factors.
opinion | Top sources of passive income for Canadians looking to earn more
On CTVNews.ca, personal finance contributor Christopher Liew explores some of the top sources of passive income in Canada, for those looking to increase their earnings.
Owe money to the CRA? Here are some repayment options
Getting an income tax refund can be a happy bonus for your household budget, but an unexpected tax bill can be an unpleasant surprise, especially if you don't have the cash on hand to pay it.