The Canada GST/HST Credit is a tax relief measure provided by the Canada Revenue Agency (CRA) to help lower-income Canadians offset the costs of the Goods and Services Tax (GST) and Harmonized Sales Tax (HST).
These payments are made quarterly, and the next payment is scheduled for October 4, 2024. This guide will outline the eligibility criteria, payment details, and how you can benefit from the GST/HST credit.
Canada GST/HST Next Payment on October 4, 2024
The GST/HST credit is paid to income tax filers in Canada as a form of financial support, particularly for low- and moderate-income individuals and families. The credit helps reduce their overall tax liability, making it easier to manage essential expenses.
For 2024, the next GST/HST payment date has been confirmed as October 4, 2024, due to the fact that October 5 falls on a weekend. According to CRA rules, payments must be issued one working day before weekends or holidays.
Canada GST/HST Payment Overview
| Title | Details |
|---|---|
| Year | 2024 |
| Managing Agency | Canada Revenue Agency (CRA) |
| Payment Type | GST/HST Credit |
| Eligibility | Canadian residents and taxpayers |
| Payment Frequency | Quarterly |
| Next Payment Date | October 4, 2024 |
| Payment Mode | Direct deposit or cheque |
| Official Web Portal | www.canada.ca |
Canada GST/HST Payment Eligibility 2024
To qualify for the Canada GST/HST credit, applicants must meet the following criteria:
- Canadian Residency: The applicant must be a Canadian resident for income tax purposes.
- Age Requirement: The applicant must be 19 years or older. Applicants under 19 can still qualify if they have a child or spouse who is over 19 years old.
- Taxpayer Status: The applicant must have filed their federal income taxes.
- Ineligibility:
- Individuals imprisoned for 90 days or more are not eligible.
- If the claimant is deceased, the payment will not be issued.
- Applicants who are exempt from paying federal taxes due to employment in another country do not qualify.
Canada GST/HST Next Payment Date 2024
The Canada GST/HST credit is issued quarterly, with the upcoming payment scheduled for October 4, 2024.
Payments are typically made on the 5th day of the first month of each quarter. However, when the 5th falls on a weekend or holiday, the payment is moved to the previous working day, as in this case.
GST/HST Payment Schedule for 2024-2025
| Month | Payment Date | Day |
|---|---|---|
| July | 5th July 2024 | Friday |
| October | 4th October 2024 | Friday |
| January | 3rd January 2025 | Friday |
| April | 4th April 2025 | Friday |
Canada GST/HST Payment Amount for 2024
The amount for GST/HST credit payments depends on your household situation and income for the 2023 base year. The table below outlines the approximate amounts you can expect based on your family status for the July 2024 to June 2025 payment period:
| Citizen Status | GST/HST Payment Amount |
|---|---|
| Single | $519 |
| Married/Common-Law Partner | $680 |
| Each Child Under 19 | $179 |
These amounts are updated annually based on income tax returns. It is important to ensure that your personal information is up to date with the CRA to avoid discrepancies in payment.
How to Check Your GST/HST Payment
To check your eligibility and payment amount, you can:
- Log in to CRA My Account: Review your payment details and ensure your personal information is accurate.
- Check your mailbox: If you receive payments by cheque, ensure your address is current.
- Direct Deposit: Most Canadians will receive their payments via direct deposit.
The Canada GST/HST credit is a valuable financial relief program for eligible Canadians, helping offset the burden of taxes and ease everyday expenses.
The next payment is scheduled for October 4, 2024, and will provide quarterly support to individuals and families based on their income and household size.
Be sure to review your eligibility and update your personal information with the CRA to ensure you receive the correct payment amount.
FAQs
When is the next GST/HST payment in Canada?
The next GST/HST payment is scheduled for October 4, 2024.
Who qualifies for the GST/HST credit in 2024?
To qualify, you must be a Canadian resident, at least 19 years old, and file federal taxes.
How much is the GST/HST payment in 2024?
For single individuals, the payment is $519, while married couples receive $680, with $179 for each child under 19.
How often is the GST/HST credit paid?
The GST/HST credit is paid quarterly—in July, October, January, and April.
How do I check my GST/HST payment amount?
You can check your payment amount through the CRA My Account portal or by reviewing your bank account for direct deposits.
