Canada Groceries and Essentials Benefit Replaces GST/HST Credit, Payments Begin June 5 for Eligible Canadians

• The Canada Groceries and Essentials Benefit (CGEB) is a rebranded version of the GST/HST quarterly credit, starting June 5.
• Eligible Canadians who filed their 2024 tax return and receive the GST/HST credit will get a one-time payment equal to 50% of the annual credit.
• Payments are automatic and based on income; for example, a family of four with $40,000 net income will get $533, and a single person with $25,000 will get $267.
• The CGEB will fully replace the GST/HST credit as of July 2026.
• Up to 12 million Canadians will benefit, with total annual benefits reaching up to $1,890 for families of four and $950 for single individuals.

Source: torontosun.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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