Goods and Services Taxes and Harmonised sales tax credit is given by Canada Revenue Agency to the eligible citizens. The GST/HST credit is non taxable credit which is paid to the individuals or families to offset the GST/HST. This credit is given by the CRA quarterly every year. The eligible citizen’s financial stress is reduced by this credit. Canada GST/HST Credit Payments 2024 will be discussed in this article. What are the amounts, dates and the income limits for the Qualification will be determined. How we calculated the GST/HST Credit will be seen. Let’s see the Canada GST/HST Credit details in this post.
Canada GST/HST Credit Payments 2024
Canada GST/HST Credit mitigates the tax burden of the eligible individuals or families. The low earning individuals and the fixed income people get this credit. The payments of GST/HST credit is tax free and made by Canada Revenue Agency directly to the beneficiaries Bank Account. The payments are made quarterly by CRA. When the individual files the return these payments are automatically assessed. The eligibility depends on the age, income and residency. The payment is made by CRA as per the schedule of GST/HST Credit. In this article we will see the GST/HST credit calculation, payment dates, Canada GST/HST Credit Eligibility 2024, and amount.
GST/HST Credit Payments 2024- Overview
| Title | Canada GST/HST Credit Payments 2024 |
| Year | 2024 |
| Country | Canada |
| Name of the Agency | Canada Revenue Agency |
| Name of Credit | GST/HST Credit |
| Canada GST/HST Credit Eligibility 2024 | Check Post |
| Objective | Financial Aid |
| Canada GST/HST Credit Payment Amount 2024 | Check Post |
| Canada GST/HST Credit Dates 2024 | Quarterly |
| Category | Finance |
| Official Webpage | www.canada.ca |
Check Canada GST/HST Credit Eligibility 2024
The Eligibility for Canada GST/HST credit is determined by the age, income and residency status of the applicant. This eligibility Criteria is provided by Canada Revenue Agency. Check Canada GST/HST Credit Eligibility 2024:
- At the time of payment made by Canada Revenue Agency, the applicant must be a resident of the country.
- The age must be 19 years or more, when CRA makes payment. If the candidate’s age is not above 19 years then he/she must live with parents or have a spouse.
- If the applicant is in imprisonment for 3 months then he/she may not get GST/HST Credit.
Know Canada GST/HST Credit Dates 2024
Canada GST/HST Credit is scheduled by the Canada Revenue Agency on every 5th of quarter month. These credits are provided to eligible citizens quarterly. If on 5th Saturday, sunday or federal holiday falls then the credit is made before 5th. If the eligible candidate has any problem related to GST/HST credit payment, then they should wait for 10 working days. After that they may call at 1-800-387-1193.
| Month | Canada GST/HST Credit Dates 2024 |
| October | 5th October, 2024 |
| January | 5th January, 2025 |
| April | 5th April, 2025 |
Know Canada GST/HST Credit Payment Amount 2024
Canada GST/HST Credit amount is given from the period July 2023 to June 2024. These amounts will be applicable to this period only. The amount is based on the base year 2022. The applicant must update their personal information so that the underpayments and overpayments will not be made by the Canada Revenue Agency. Check Canada GST/HST Credit Payment Amount 2024:
| Citizen Status | Canada GST/HST Credit Payment Amount 2024 |
| Single | $496 |
| Common law partner or married | $650 |
| Each Child age below 19 years | $171 |
How Canada’s GST/HST Credit will be Calculated?
The Canada GST Increase 2024 will be calculated on the basis of Marital status, Number of eligible Children and Base year Net Income. If the candidate files the return in the year 2022 then the base year will be 2022. It means that the information is collected from the base year. The payment for the credit will be paid in the payment period. It is basically of 12 months and starts from 1st July and lasts till next year 30th June. Here Check the Base year and Payment Period on Quarterly basis.
| Base Year | July- September | October- December | January- March | April- June |
| 2023 | 2024 | 2024 | 2025 | 2025 |
| 2022 | 2023 | 2023 | 2024 | 2024 |
| 2021 | 2022 | 2022 | 2023 | 2023 |
| 2020 | 2021 | 2021 | 2022 | 2022 |
FAQ Related To Canada GST/HST Credit Payments 2024
The GST/HST Credit payments are given after every 3 months. It is provided four times in a year starting from 1st July till 30th June of next year.
If you file the tax return in 2022 then the payment will be made on 5th January and 5th April 2024. If the tax return is filed for 2023 then the payment will be made on 5th July and 5th October 2024.
The applicant can go to the official web portal www.canada.ca and can contact the nearby service Canada office.
John Wick is a Media and Finance editor, passionate about writing and editing content related to finance and taxes. He has achieved dual degree in Mass Media and Finance From one of the top universities in the World. He is keen to learn new things and changes which take place in the world of Finance and stocks.