In Canada, the Canada Revenue Agency (CRA) provides the GST/HST credit to qualifying individuals and families to help offset the goods and services tax (GST) and harmonized sales tax (HST) they pay. This non-taxable payment is distributed quarterly, with the next payment scheduled for April 5, 2024. In this article, we’ll explore the eligibility criteria, application process, payment calculation, and other key details related to the GST/HST credit in Canada.
GST Payment Eligibility
To be eligible for the GST/HST credit, you must be considered a resident of Canada for income tax purposes at the beginning of the month in which the CRA makes the payment. Additionally, you must be at least 19 years old in that month, or if you are under 19, you must meet certain conditions such as being married or having a common-law partner, or residing with a child.
How to Receive Credit for GST/HST
Even if you did not receive any income in 2022, you are still required to file a tax return to claim the GST/HST credit and any applicable provincial and territorial credits. Newcomers to Canada who arrived in 2023 can use Form RC151 or Form RC66, depending on their parental status, to apply for the credit.
Maximum HST/GST Payment Amount
For the 2022 base year (GST payment period from July 2023 to June 2024), eligible individuals can receive up to $496 for a single person, $650 for married or common-law spouses, and $171 for each child under 19 years old.
How is the Payment of GST/HST Computed?
The CRA determines your eligibility for the GST/HST credit by reviewing your 2022 tax return. If you qualify, you will receive a notification in July 2023 that includes the details required to calculate the amount you will receive. You can use the CRA’s Child and Family Benefits Calculator to estimate your payment.
GST Payment Dates for 2024
The CRA distributes GST payments quarterly, with the upcoming payment dates in 2024 as follows:
- April 5, 2024
- July 5, 2024
- October 4, 2024
If the payment date falls on a weekend or federal holiday, the payment is made on the last working day prior to the fifth.
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Receiving the GST/HST credit in Canada can provide financial relief to low- and modest-income individuals and families. By meeting the eligibility criteria and completing the application process, you can ensure that you receive the maximum benefit from this program. If you have any questions or need assistance with your application, contact the CRA at 1-800-387-1193.
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