Unlock Your 2024 Payments: Find Out the Exact GST/HST Credit Dates Now!
Unlock Your 2024 Payments: Find Out the Exact GST/HST Credit Dates Now!
Canada’s citizens are fortunate to have access to a wealth of common services and advantages. Among these benefits is the GST/HST credit. In conclusion, the GST/HST credit is provided to families with low to moderate incomes in order to assist in reducing the cost of sales taxes. If you’re waiting for the Canada GST HST Credit Dates 2024 but don’t know when it will show up in your bank account, keep reading. I’ll go over all you need to know about GST/HST payment dates down below.
The bulk of the items and services you buy in Canada are subject to a 5% goods and services tax, or GST HST. You may have to pay hundreds or even thousands of dollars in GST annually. The good news is that eligible Canadians can offset their GST with a credit known as the GST/HST. I’ll go over the Canada GST HST Credit Dates 2024 in this piece, and you’ll be informed on when the GST HST payments are expected in 2024.
What is the Canada GST/HST credit?
Families with low to moderate incomes can receive the GST/HST credit from the Canadian government. The benefit’s main objective is to help lower-income families in Canada pay for their share of sales taxes. The GST/HST credit is a tax-free quarterly payment that is provided to low-income singles and families. The credit is meant to balance the amount of HST or GST they pay all year long. The goods and services tax (GST) is sometimes known as the Harmonized Sales Tax (HST).
Depending on where you live in Canada, you will be charged for one or the other. For instance, Ontario has the HST while Alberta has the GST. The rates and taxable supplies are governed at the provincial level. Most of the products and services we purchase on a daily basis are subject to sales taxes, which inexorably drives up 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 harmonized sales tax (GST/HST) and goods and services tax (GST/HST) quarterly payments are chosen in January and usually fall on the fifth of the month. The GST/HST credit for Canada in 2024 On January 5, 2024, and April 5, 2024, respectively, check your bank account. On October 5, the last payment for 2023 was received. Do you have questions about why you received this payment?
The goal of the Canada GST HST Credit Payment 2024 is to reduce taxes for Canadian low-income individuals and families so they may enjoy their lives without having to worry about money. Usually, you are not even needed to apply through the Canada Revenue Agency for the tax credit. This article was created as a reference for details on qualifying requirements, dates, and amounts for GST payments, among other subjects.
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 |