While Canada’s recently announced grocery rebate has yet to be implemented, Elise Chartrand from Embrun, Ont., already knows what she would do with the extra money. The 76-year-old said she plans to treat herself to some of the food items she’s been avoiding at the grocery store lately, due to rising costs.
“I’ve been so hungry for watermelon and some fresh fruits,” Chartrand told CTVNews.ca in a telephone interview on March 30. If eligible for the rebate, she may receive as much as $225.
“I haven’t bought fresh fish in so long, it’ll be so nice to get a big piece of halibut … That should take care of the money rebate real quick.”
Included in this year’s federal budget, which was tabled on March 28, the grocery rebate is a one-time payment aimed at helping Canadians deal with the rising cost of living. Once a bill implementing the measure passes in Parliament, the rebate will be offered through Canada’s GST/HST tax credit system and those with low or modest incomes will be eligible to receive it.
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Although recent 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 per cent year-over-year in February.
Chartrand is one of dozens of Canadians who wrote to CTVNews.ca about the rising cost of food and how they would benefit from the proposed grocery rebate. Food inflation remains a growing concern among Canadian consumers, with food priceshitting their highest levels in decades, according to data from Statistics Canada.
The federal government’s proposal of a grocery rebate comes at a time when the cost of living remains elevated across the country and some say they are struggling to afford basics such as housing or rent. The amounts vary according to family status, with a single individual eligible for up to $234 and couples with two children eligible for up to $467.
Similar to Chartrand, several Canadians explained that they would put this money towards more expensive food items, such as meat or fruits and vegetables. Frozen foods and non-perishable items such as canned goods are grocery items many said will also be high on their priority list, as they can be stored for longer periods of time.
Right now, the bulk of Chartrand’s monthly grocery bill consists of fish and meat products, including bacon and pork chops. Not only does she enjoy eating them, but she’ll incorporate these foods into various meals, she said. She will often buy bacon and pork chops in bulk and store them in the freezer until she needs them. The same goes for grain products such as bread, another item Chartrand will often purchase from the grocery store. She’ll also buy chocolate, she said.
“I always have some [at home],” Chartrand said. “But I buy the bars when they’re on sale for $1.”
Elise Chartrand
Senior in Embrun, Ont.
•Fruits & Vegetables:$75
–Green peppers
–Mushrooms
–Onions
•Meat & Fish:$150
•Grain Products:$100
•Dairy Products:$100
•Frozen Foods:$100
–Frozen pizzas
–Hamburger patties
•Canned Goods:$50
•Beverages:$20
•Other:$25
Your monthly total: $620
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The average price of fresh or frozen fish increased 9.8 per cent between February 2022 and February 2023, according to Statistics Canada. Within the same time frame, the average price of fresh fruit has risen 10.5 per cent, while fresh vegetables cost 13.4 per cent more year-over-year.
Chartrand, who lives in a small community 40 kilometres southeast of Ottawa, is currently retired and relies on the guaranteed income supplement benefit to pay for food. While she said the grocery rebate would be helpful, it’ll likely only cover part of one trip to the store. Each month, Chartrand spends at least $500 on groceries for herself, she said.
“To me [the rebate] is a splurge, it won’t help me all year-round,” she said.
CHILDREN’S SNACKS A PRIORITY FOR SINGLE MOTHER IN WATERLOO, ONT.
Even if she received the grocery rebate, Brooklyn Hilton from Waterloo, Ont., said she wouldn’t change her spending habits in response. She would put the extra money towards her weekly trips to the grocery store, and wouldn’t buy more than what she needs.
“It’s not helping enough to be able to spend any more than what I can afford,” she told CTVNews.ca in a telephone interview on March 30. “Every little bit helps, but it’s still not enough.”
Hilton is a receptionist at a local retirement home. The 30-year-old single mother said she spends about $600 per month on groceries for herself and her six-year-old daughter.
Hilton usually spends most of her grocery money on meat and fish products, such as chicken and salmon. A large portion of her monthly budget also goes towards children’s snacks, such as Lunchables, cookies, Jell-O and apple sauce, she said.
Brooklyn Hilton
Single mother of one in Waterloo, Ont.
•Fruits & Vegetables:$50
•Meat & Fish:$200
–Salmon
–Chicken
–Ground beef
•Grain Products:$25
•Dairy Products:$20
•Frozen Foods:$20
•Beverages:$25
•Kids' Snacks:$175
–Lunchables
–Cookies
–Jell-O
–Applesauce
Your monthly total: $515
ONTARIO MOTHER OF THREE TO STOCK UP ON FROZEN FOODS, CANNED GOODS
Meanwhile, Lizz Lambert-Lavis from Arthur, Ont., spends as much as $1,400 on groceries each month, she said, which is more than she would spend on food purchased from stores before the COVID-19 pandemic.
“We were spending maximum $300, maybe $400 every two weeks [before the pandemic] and we would have a full fridge,” the 30-year-old wrote in an email to CTVNews.ca on March 30. “Now it’s [bare] essentials.”
If she and her partner received the grocery rebate for their family of five, they would stock up on some of the items they buy regularly, Lambert-Lavis said. These include canned goods, such as soups, and frozen foods, such as vegetables, French fries and pizza, which they plan to store at home for use over the next few months.
- Which is more expensive and which is healthier for you, fresh or frozen food?
Lambert-Lavis and her partner are factory workers in a small community about 100 kilometres northwest of Toronto. The couple, along with their three children aged nine, seven and five, primarily spend their grocery money on meat and fish products, beverages and frozen foods.
Lizz Lambert-Lavis
Mother of three in Arthur, Ont.
•Fruits & Vegetables:$150
•Meat & Fish:$500
•Grain Products:$100
•Dairy Products:$100
–Lactose-free milk
–Block cheese
–Sour cream
•Frozen Foods:$200
•Canned Foods:$60
•Beverages:$200
–Pop
–Sparkling water
–Orange juice
•Other:$100
Your monthly total: $1,410
QUEBEC SINGLE FATHER BUYS FRESH FRUIT IN BULK
Steven Heerelal is a single father with two children, aged 10 and six. With an average monthly grocery bill of about $900, he said even the maximum grocery rebate of $467 is barely enough to cover two weeks of food for his family of three.
“It’s not something to really be excited about it,” Heerelal told CTVNews.ca in a telephone interview on March 30.
Each month, the 44-year-old will spend about $150 on fruits and vegetables, often purchasing items such as lettuce and oranges, which have seen some of the largest annual increases in price. Data from Statistics Canada shows the price of lettuce has increased 20.2 per cent between February 2022 and February 2023. The price of oranges has increased 15.1 per cent year-over-year.
Over the past year-and-a-half, Heerelal said he has noticed a steady rise in grocery prices.
Heerelal typically goes grocery shopping once every two weeks and in an effort to save on food, he’ll shop at wholesale stores such as Costco to buy items in bulk. If he receives the grocery rebate, Heerelal plans to put the money towards his next two weeks’ worth of groceries, he said. Even with rising food prices, he has not shied away from spending on items his children enjoy.
“I’m not going to deprive my kids … I don’t think it’s fair upon them,” the Montreal resident said, referring to items such as fresh fruit and children’s snacks. “No matter the cost, if we need it, I’ll still buy it.”
Steven Heerelal
Single father of two in Montreal
•Fruits & Vegetables:$150
–Lettuce
–Pineapples
–Oranges
•Meat & Fish:$225
•Grain Products:$150
•Dairy Products:$75
•Frozen Foods:$75
•Canned Goods:$125
–Canned beans
–Tomato sauce
•Beverages:$125
•Kids' Snacks:$125
Your monthly total: $1,050
SASKATCHEWAN SENIOR CUTS DOWN ON MEAT TO SAVE MONEY
Based in Regina, Dennis William said he shops at three different grocery stores in search of the best deals when purchasing groceries for himself. William, who is a regional manager for a pharmaceutical company, keeps a close eye on weekly flyers to see what’s on sale as well. Eating less meat than he did in the past has also helped him save on groceries, he said.
“I'm almost retirement age and will have to continue to really watch my food expenses each month,” the 64-year-old wrote in an email to CTVNews.ca on March 30.
William currently spends about $250 on groceries each month, he said. If he receives the grocery rebate, he plans to spread the money out over a few months and wait until items go on sale before purchasing them in an effort to stock up.
Dennis William
Senior in Regina
•Fruits & Vegetables:$80
–Oranges
–Apples
–Lettuce
•Meat & Fish:$50
•Grain Products:$20
–Cereal
–Whole-wheat bread
•Dairy Products:$35
•Frozen Foods:$25
•Beverages:$15
•Other:$10
Your monthly total: $235
“I won’t use it up all at once,” he told CTVNews.ca in a telephone interview on March 31.
Most of his money goes towards fruits, vegetables and dairy products, which have increased significantly in price at his local grocery stores over the last few months, he said. William, like a number of Canadians who reached out to CTVNews.ca, said the proposed grocery rebate does not offer enough support to Canadians. Over the span of a year, the one-time rebate offers the equivalent of an extra $39 per month for a family of four in Canada.
“The [government] should consider giving this grocery rebate more than just the one time,” William wrote in his email.
Meanwhile, instead of spending the money on groceries, some said they plan to use it to pay other bills, including necessities such as heating. A handful of others said they would donate their rebate to their local food bank.
WHAT DO WE KNOW ABOUT THE GROCERY REBATE?
According to terms outlined in the federal budget, grocery rebate amounts will vary according to family status. Some examples of how the one-time rebate will apply include:
- Couples with two children could receive up to $467
- A single person with no children could receive up to $234
- A senior could receive up to $225
Although the budget features hypothetical scenarios where a couple making $38,000 per year with two children and an individual earning $32,000 per year with no children both received maximum rebate amounts, no specific income brackets are mentioned as part of the eligibility criteria.
However, since the grocery rebate will be offered through the GST/HST tax credit mechanism, eligibility criteria for this credit could shed some light on who might qualify to receive the maximum grocery rebate amounts. The GST/HST benefit decreases as income rises, and ends entirely once income reaches $50,000 or more for an individual with no children, $55,000 or more for a couple with no children, and $65,000 or more for a couple with four children.
Based on the latest Canada’s Food Price Report, released annually by the Agri-Food Analytics Lab at Dalhousie University, it costs approximately $16,288 per year to feed a family of four in Canada. This represents an increase of slightly more than $1,000 compared to 2022. Items such as vegetables, dairy products and meat are expected to see the largest increases in price, the report said.
GROCERY STORES ACCUSED OF CONTRIBUTING TO RISING PRICES
Inflation related to food sold in stores has outpaced overall inflation since late 2021, according to Statistics Canada. The issue of inflated grocery prices is such a concern that it has become the focus of a parliamentary study led by a committee of MPs.
At a hearing last month, lawmakers interrogated the executives of Canada’s major grocery chains, which face accusations that their stores are responsible for food inflation. In recent months, these chains have also been criticized for posting profits as grocery prices rise. Metro Inc., for example, reported a double-digit increase in profits in January, compared to the same time one year ago. Additionally, Loblaw Cos. Ltd. said it expects to see profits rise faster than sales in 2023.
But while facing the parliamentary committee in March, the CEOs and presidents of Loblaw Cos. Ltd., Metro Inc. and Empire Co. Ltd. each denied that they were responsible for rising food prices. Instead, they argued food inflation is an international issue and their margins on food-related profits have been low.
According to Gary Sands, senior vice-president of public policy with the Canadian Federation of Independent Grocers, input costs from suppliers and other parts of the grocery supply chain are contributing to rising food prices.
Natural disasters such as flooding in British Columbia and droughts in California have also restricted food-related imports and production, contributing to price increases as well. As a result, experts say grocery prices are not likely to drop over the next few months.
With files from CTVNews.ca’s Senior Digital Parliamentary Reporter Rachel Aiello and writers Megan DeLaire and Tom Yun. Graphics by Jesse Tahirali.
FAQs
What is the grocery rebate in Canada? ›
Once passed, eligible couples with two children will receive a payment of up to $467, while eligible seniors will receive up to $225, and eligible singles will receive up to $234. Reacting to the House's fast-tracking of the bill, Deputy Prime Minister and Finance Minister Chrystia Freeland called it "excellent news."
How do I qualify for grocery rebate Canada? ›...
How the Grocery Rebate will work
- April 5, 2023.
- July 5, 2023.
- October 5, 2023.
The rebate, which is part of the federal government's proposed 2023 budget, would help about 11 million “low- and modest-income” Canadians with a one-time payment that varies based on eligibility. The rebate is structured to provide, on average, up to: $467 for couples with two children.
What is Canada most purchased grocery item? ›Kraft Macaroni & Cheese — known as "Kraft Dinner" in Canada — is the most purchased grocery item in the country. Canadians eat 3.2 boxes each year, which is 55% more than Americans, according to 2012 data.
What is the Canada rebate for 2023? ›With payments every three months, a family of four will be eligible to receive a yearly 2023–2024 total of: $976 in Ontario. $1,056 in Manitoba. $1,360 in Saskatchewan.
How much does the average Canadian pay for groceries? ›So how much is the average grocery bill in Canada? According to Canada's Food Price Report for 2023, a family of four will spend $16,288.41 on food this year ($1,357.37 a month)—that's up $1,065.60 from 2022.
Who qualifies for the $900 grocery stimulus? ›Who is eligible for the Medicare Grocery Allowance Benefit? The Medicare Grocery Allowance Benefit is typically reserved for Medicare Advantage Special Needs Plans (SNP), the most common of which are Dual Special Needs Plans (D-SNPs) or Chronic Special Needs Plans (C-SNPs).
Are groceries tax free in Canada? ›The supply of basic groceries, which includes most food and beverages marketed for human consumption, is zero-rated. However, certain categories of food and beverages such as candies and confectionery and granola products (unless sold as breakfast cereals) are taxable.
Is a rebate considered income in Canada? ›The rebate is treated as a tax- included amount and a registered supplier is eligible to claim an input tax credit for the tax deemed to be paid in respect of the deemed supply of service. For example, a manufacturer pays a rebate of $1,070 to a person who has purchased its product from a retailer.
What is the $900 grocery stimulus about? ›It allows recipients to buy a variety of healthy foods at grocery stores that are taking part in the programme.
Does Walmart count as a grocery store Canada? ›
Walmart is not recognized as a grocery store by credit card networks; however, Walmart supercenters are recognized as grocery stores by Mastercard. You can find out if a store is categorized as a grocery store through its assigned merchant code.
How much is rebate in Canada? ›The rebate is designed to provide relief to millions of Canadians who are struggling with rising grocery prices and food insecurity. It is a temporary cash transfer of up to $467 for eligible couples with two children, $234 for single Canadians without children, and $225 for seniors.
Are groceries cheaper in the US than Canada? ›They aren't prohibitively expensive though, just a bit more costly. Yes, in general, food in Canada is more money…but the only thing we bring back worth the effort is liquor…the savings are quite big in that department. Yeah, they're a solid 15-20%+ more expensive than here, in general.
Why are Canadian groceries so expensive? ›Supply constraints due to unfavourable weather in growing regions and higher input costs like animal feed, energy and packaging materials are said to be to blame.
Should I pay in Canadian or US dollars? ›Canada is a distinct country with its own currency. Although Canada and the United States are neighbours and share many ties, most Canadians would agree that they prefer to be paid in local currency. When Canadians travel to the United States, they usually find that they can't pay with CAD.
What is the $300 federal payment Canada? ›The CAIP is a tax-free amount paid to help individuals and families offset the cost of the federal pollution pricing. It is available to residents of Alberta, Saskatchewan, Manitoba and Ontario. It consists of a basic amount and a supplement for residents of small and rural communities.
What is the basic personal amount for 2023 Canada? ›In addition, the maximum BPA will be increased to $15,000 by 2023 as follows: $13,808 for the 2021 taxation year, $14,398 for the 2022 taxation year, and. $15,000 for the 2023 taxation year, and indexed for inflation for subsequent years.
What is modest income in Canada? ›You' re eligible to have your taxes done through the program if you have a modest income and a simple tax situation. Generally, a modest income is less than $35,000 for a single person and less than $45,000 for a couple. Your tax situation is simple if you don't have a small business or income from a rental property.
How much is the average groceries USA? ›The Average Cost of Groceries Per Month
What does the average U.S. household spend on groceries per month? According to 2021 data from the Bureau of Labor Statistics, which is the most recent available, the average spending on food at home is $5,259 annually, or about $438 per month for U.S. households.
The average retail price of bread in Canada was three Canadian dollars per 675 grams in February 2022. The price has remained relatively stable over the survey period, with the average annual price remaining between 2.76 and 2.89 Canadian dollars.
What is a reasonable amount to spend on groceries? ›
...
Monthly Grocery Budget.
| FAMILY SIZE | SUGGESTED MONTHLY BUDGET |
|---|---|
| 1 person | $251 |
| 2 people | $553 |
| 3 people | $722 |
| 4 people | $892 |
Social Security benefits and Supplemental Security Income (SSI) payments will increase by 8.7% in 2023. This is the annual cost-of-living adjustment (COLA) required by law.
Is the grocery stimulus for seniors real? ›While the government hasn't approved any such payment yet, there are several programs in place that can help seniors save money on groceries. Here are 10 programs that seniors can use to get help paying for food and other everyday basics.
How do you qualify to get $144 back from Medicare? ›- Be enrolled in Medicare Parts A and B.
- Pay your own premiums (if a state or local program is covering your premiums, you're not eligible).
- Live in a service area of a plan that offers a Part B giveback.
- breads and cereals.
- dairy products (unflavoured milk, cheese, butter, cream, sour cream, yogurt)
- eggs.
- fish.
- fruits.
- meat (beef, poultry, pork, lamb, prepared meats, sausages)
- vegetables.
lottery winnings of any amount, unless the prize can be considered income from employment, a business or property, or a prize for achievement. most gifts and inheritances. amounts paid by Canada or an allied country (if the amount is not taxable in that country) for disability or death of a war veteran due to war ...
Is there tax on bottled water in Canada? ›Therefore, plain bottled water sold in a single serving size bottle (i.e., less than 600 mL) is taxable. When plain bottled water is sold in manufacturers' packages of two or more single serving bottles, or in a bottle that exceeds a single serving, it is zero-rated.
What is the average tax rebate in Canada? ›A tax refund, also known as tax rebate, is a reimbursement to a taxpayer where they have paid too much tax during the year. There are lots of reasons why you may be due tax back during your stay in Canada and the average Canadian tax refund from Taxback is $998!
Who gets a tax refund Canada? ›The process of completing and submitting your tax return to the Canada Revenue Agency is often referred to as "filing your taxes" or "doing your taxes." You could get a refund if you paid more tax during the year than you owe on your income, for example, if your employer deducted too much tax from your pay.
Who is eligible for Canada tax benefit? ›Canada Housing Benefit
To apply for the benefit, you must submit proof that: You filed your 2021 tax return. You're a Canadian resident and at least 15 years old.
How will senior citizens receive stimulus check? ›
Most people will receive the refund stimulus as a direct deposit. Seniors on Social Security who do not file taxes will NOT have to file a return. Treasury will use information from Form SSA-1099 or Form RRB-1099 and deliver the refund as they normally get their Social Security payments.
What is the new stimulus for seniors? ›The new benefit would be $250 – or equivalent to a 2 percent increase in benefits for the average Social Security retiree beneficiary. Under the rules no person could “double dip” and receive a $250 Economic Recovery Payment through more than one program.
Why am I getting an extra Social Security payment? ›Underpayments are usually the result of a clerical or computation error with respect to SSA's record of your earnings history. SSA will investigate your case, and, if you are correct, the agency will compensate you for any underpayments either in a lump-sum payment or by increasing your monthly payments going forward.
What is Walmart called in Canada? ›Walmart Canada was established in 1994 and is headquartered in Mississauga, Ontario. Walmart is honored to be one of Canada's largest employers, operating Walmart Supercentres, Walmart discount stores and distribution centers.
Is Costco considered grocery? ›Costco is not considered a grocery store
This is an important distinction because it means that even if you fill your cart with food, you may not necessarily qualify for grocery rewards if you're using a credit card that offers a bonus for that kind of purchase.
Wal-Mart Canada Corp.
What is a low income in Canada? ›A household is considered low income if its income is below 50% of median household incomes. It is, therefore, a relative measure of low income.
Is rebate in cash? ›A rebate is a cashback or refund given to the customers against the purchase, which acts as an incentive to complete the transaction. Unlike discounts allotted before the actual sale, rebates are offered after the sale.
How is rebate calculated? ›To calculate rebate, first add up income from all sources like salary, house rent, capital gains, income from other sources, etc. This is the total gross income. Now from the gross income, apply deductions under Chapter VIA of Income Tax Act, 1961. The amount after claiming all deductions is your net taxable income.
Are taxes higher in Canada or USA? ›While the US and Canada have similar income tax rates, the Canadian government has a higher rate than the US. As a result, if you are an American, you may have to pay a higher rate in Canada than in the US.
What is the average cost of living in Canada for a single person? ›
Family of four estimated monthly costs are 3,387.3$ (4,573.0C$) without rent. A single person estimated monthly costs are 952.1$ (1,285.4C$) without rent. Cost of living in Canada is, on average, 8.9% lower than in United States. Rent in Canada is, on average, 28.6% lower than in United States.
How much is rent in Canada in US dollars? ›| Canada (CAD) | US (CAD) | |
|---|---|---|
| Rent for 1 bedroom (inside city center) | 1,637.36 | 2,274.46 |
| Rent for 1 bedroom (outside city center) | 1,389.22 | 1,840.31 |
| Rent for 3 bedrooms (inside city center) | 2,689.93 | 3,811.09 |
| Rent for 3 bedrooms (outside city center) | 2,316.62 | 3,003.82 |
The operating costs in Canada are much higher than those of the states. This is mostly due to the fact that there are different taxes and regulations in each country.
Why are groceries so expensive in the US right now? ›Economists agree that supply chain issues are a major driver of the price hikes we've been seeing. In the food industry especially, transportation disruptions due to the pandemic and higher grain prices have made a significant impact.
How much is $100 US to Canada? ›Although the USD/CAD currency pair has reached parity at different points in history (i.e. 1:1), the U.S. dollar has traditionally been the stronger of the two currencies. 2 The USD/CAD currency pair is quite actively traded as there are significant business ties between the two nations.
How much cash can you carry in Canada? ›Any time you enter or leave Canada, you must declare any money or monetary instruments, such as stocks, bond or cheques, you are carrying valued at $10,000 or more.
Who gets the GST rebate in Canada? ›To receive the GST/HST credit you have to be a resident of Canada for tax purposes, and at least 1 of the following applies, you: Are 19 years of age or older; Have (or previously had) a spouse or common-law partner; or. Are (or previously were) a parent and live (or previously lived) with your child.
Is there any tax rebate in Canada? ›Basic Personal Amount
A percentage of this amount can then be claimed as a credit to reduce taxes payable. For example, the maximum federal basic personal amount for the 2022 tax year is $14,398. The Canadian government allows eligible taxpayers to claim 15% of that amount — or $2,159.70 — as a tax credit.
A rebate is a form of buying discount and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales.
How do I claim GST rebate in Canada? ›
To claim your rebate, use Form GST189, General Application for GST/HST Rebate. You can only use one reason code per rebate application. If you are eligible to claim a rebate under more than one code, use a separate rebate application for each reason code.
How do I claim GST credit? ›To claim ITC, the buyer should pay the supplier for the supplies received (inclusive of tax) within 180 days from the date of issuing the invoice. If the buyer fails to do so, the amount of credit they would have availed, will be added to their output tax liability.
Who pays the most tax in Canada? ›The top 20 percent of income-earning families are the only income group that pays proportionately more in income taxes than they earn in income. Specifically, the top 20 percent pays nearly two-thirds of all income taxes (64.4 percent) while earning approximately half of all income (49.1 percent).
What is the 90% rule in Canada tax? ›What Is The 90% Rule? The 90% rule applies to taxpayers who have not been a Canadian tax resident for an entire year, whether they are departing from or arriving at Canada. As a result, they may only be entitled to the full Basic Personal Amount deduction if 90% of their net worldwide income is Canadian-sourced.
How much can a senior earn tax-free in Canada? ›If you're 65 years or older at the end of the tax year, you can claim a non-refundable tax credit towards your federal taxes. To qualify, your net income must be less than $39,826, and the amount you may claim varies depending on your income. For your 2022 tax return, the age amount is $7,898.
How to get a $10,000 tax refund? ›Individuals who are eligible for the Earned Income Tax Credit (EITC) and the California Earned Income Tax Credit (CalEITC) may be able to receive a refund of more than $10,000. “If you are low-to-moderate income and worked, you may be eligible for the Federal and State of California Earned Income Tax Credits (EITC).
What is one example of rebate? ›The simplest example of a rebate and most popular is a volume rebate program which rewards trading partners for purchasing higher volumes of a product. Volume incentives — also called tiered incentives or incentive bands — are a great method to help your company increase margins.
Does rebate mean money back? ›Rebate means "an amount of money that is paid back to you because you have paid too much or as an incentive for buying something." Here are a couple of examples: We hope to get a big tax rebate this year. My new car came with a $1000 rebate.
What is a rebate example? ›For example, a rebate agreement states if a customer purchases 1,000 units of product, then they can claim a 5% rebate. Each unit is $100, so if the buyer purchases 1,000 units, the buyer can claim a rebate reward of $5,000.