Canadians will soon receive GST/HST credit payments. How much?
Global News
On Friday, eligible Canadians are set to receive goods and services tax or harmonized sales tax credit from the federal government — the last such payments of the year.
Canadians are set to receive goods and services tax or harmonized sales tax credits this week from the federal government — the last such payments of the year.
These tax-free quarterly payments will go out to eligible Canadians who earn low and modest incomes on Friday.
They are meant to help individuals and families offset the GST or HST that they pay.
The GST/HST credit payments are calculated based on the adjusted family net income and the number of children under the age of 19 years who have been registered for the Canada child benefit as well as the GST/HST credit, according to the Canada Revenue Agency.
“An increase of your 2023 adjusted family net income could affect your payments starting in July 2024,” the CRA states.
Between July 2024 and June 2025, single Canadians without any children could get up to $519 in GST/HST credit.
The October payment will be roughly one-quarter of the full amount that is due based on the recipient’s 2023 tax return.
Married couples or common-law partners with no children could receive a maximum payment of $680 for the full year.
