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Canada’s New Grocery Benefit Explained | Calgary News
Description
Your bank account just got a boost—starting this week, the Canada Groceries and Essentials Benefit (CGEB) is rolling out, replacing the old GST/HST credit with a 25% increase for five years, delivering $8.6 billion in extra support to about 500,000 more Canadians. Payments are automatic based on your tax return, split into four installments (or one lump sum if under $50 per quarter), with max annual amounts ranging from $679 for singles to $1,826 for families with four or more kids. Plus, don’t forget the one-time June payment that was half the old credit’s value—watch for your CGEB deposit.
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