Citizens are lucky to have access to a wide range of shared services and benefits in Canada. The GST/HST credit is one of these advantages. In summary, families with low to moderate incomes are given the GST/HST credit to help lower the cost of sales taxes. Continue reading if you are waiting for Canada GST HST Credit Dates 2024 but are unsure of when it will appear in your bank account. Below, i will go through all you need to know about GST/HST payment dates.
A 5% goods and services tax, or GST HST, is there in the cost of the majority of goods and services you purchase in Canada. The amount of GST you pay each year can total hundreds or even thousands of dollars. The good news is that qualified Canadians can get a GST/HST credit, which is an offset of the GST. I will go over the Canada GST HST Credit Dates 2024, you will be updated with When GST HST Payments will come in 2024 so read this post.
What is the Canada GST/HST credit?
The Government of Canada provides low- to moderate-income families with the GST/HST credit. The purpose of the benefit is to assist those families with lower incomes in defraying the cost of sales taxes in Canada. A tax-free quarterly payment given to single and families with low incomes is known as the GST/HST credit so this can help them. The credit is intended to offset the amount of GST or HST they pay throughout the year. Harmonized sales tax (HST) is another name for the goods and services tax (GST).
You will be charged for either one or the other, depending on where you live in Canada. For example, Alberta has GST, but Ontario has HST. The provincial level regulates the rates and taxable supplies. Sales taxes are applied to the majority of the goods and services we buy on a daily basis, which inevitably raises the cost of living.
Canada GST HST Credit Dates 2024 Updates
| Government | Canadian Government |
| Name of Organization | Canada Revenue Agency |
| Financial year | 2024-25 |
| Canada GST/HST credit 2024 Dates | January 5 and April 5, 2024 |
| Category | Finance News |
| Payments Amount | Updating soon |
| Required Tax return | Jauary1- December 31, 2023 |
| Official website | www.canada.ca |
Canada GST HST Credit Dates 2024
The dates for the quarterly payments of the goods and services tax and harmonized sales tax (GST/HST) are picked in January and are typically on the fifth of the month. The Canada GST/HST credit 2024 Dates are January 5, 2024, and April 5, 2024 so check your bank account on these days. The final payment for 2023 was made on October 5. Are you wondering why you were paid this amount?
The purpose of the Canada GST HST Credit Payment 2024 is to lessen the tax burden on low-income group in Canada so they can live there life without any financial burden on them. You are typically not even required to submit a application for the tax credit via Canada Revenue Agency. This post was produced as a resource for information on GST payment dates, amounts, qualifying requirements, and other topics.
When GST HST Payments will come in 2024?
| GST HST Payments Date | Payment serial |
|---|---|
| July 5, 2023 | First payment |
| October 5, 2023 | Second payment |
| January 5, 2024 | Third payment |
| April 5, 2024 | Fourth payment |
GST/HST percentage breakdown 2023-24 Province Wise
| Province | GST | PST | HST (GST + PST) |
|---|---|---|---|
| Alberta | 5% | ||
| British Columbia | 5% | 7% | |
| Manitoba | 5% | 7% | |
| New Brunswick | 15% | ||
| Newfoundland/Labrador | 15% | ||
| Northwest Territories | 5% | ||
| Nova Scotia | 15% | ||
| Nunavut | 5% | ||
| Ontario | 13% | ||
| Prince Edward Island | 15% | ||
| Quebec | 5% | 9.975% | |
| Saskatchewan | 5% | 6% | |
| Yukon | 5% |
Canada GST HST Credit Eligibility 2024 Criteria
The eligible individuals will receive the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit on 5 January 2024. The Canada Revenue Agency (CRA) states that in order to be eligible for the GST/HST credit, an individual must be at least 19 years old. If an individual is younger than 19, they must also meet one of the following requirements within the same time frame:
If you are younger than 19, you could be eligible if:
- Applicant have (or have had) a spouse or common law partner, and/or
- Applicant live (or have lived) with child.
| Single parent with one child | CAD 53,992 |
| Single parent with two children | CAD 57,132 |
| Single parent with three children | CAD 60,272 |
| Single parent with four children | CAD 63,412 |
| Married/CLP with no children | CAD 50,852 |
| Married/CLP with one child | CAD 53,992 |
| Married/CLP with two children | CAD 57,132 |
| Married/CLP with three children | CAD 60,272 |
| Married/CLP with three children | CAD 63,412 |
I was a care taker for my son and I claimed that on the cerb check now I get nothing back for taxesno gst nothing I’m on ow taking care of my son who was hit by a car and suffers short term brain damage so why was I penalized