The Canadian Government provides GST & HST credits as financial support to individuals and families with low to moderate incomes.
These quarterly payments are designed to offset the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) expenses, helping recipients manage essential costs.
Recently, rumors surfaced about an extra GST and HST payment for November 2024, allegedly introduced to address inflation pressures. However, this claim remains unconfirmed by official sources, and Canadians should consult trusted platforms like Canada.ca for updates.
GST and HST Payment: Overview
The GST/HST credit is a quarterly refund issued by the Canada Revenue Agency (CRA) to eligible citizens to offset indirect tax costs. This program is particularly beneficial for low-income households, helping them manage their expenses in an inflationary economy.
| Feature | Details |
|---|---|
| Program Name | GST/HST Credit |
| Administered By | Canada Revenue Agency |
| Payment Frequency | Quarterly |
| Eligibility Age | 19+ |
| Payment Amount (Couples) | Up to $680 |
| Rumored Extra Payment Date | November 2024 (Unconfirmed) |
| Official Website | Canada.ca |
Eligibility Criteria
To qualify for the GST/HST credit, individuals must meet the following requirements:
- Age:
- Must be 19 years or older.
- Residency:
- Must reside in Canada at the time of payment.
- Income Threshold:
- Must fall within the CRA-defined income limits for low or moderate-income households.
- Taxpayer Status:
- Must have filed a tax return for the previous year (e.g., for 2024 payments, 2023 tax returns are considered).
- Citizenship:
- Must be a Canadian citizen or a permanent resident.
- Criminal Record:
- Must have no criminal record affecting eligibility.
GST and HST Payment Schedule for 2024
GST and HST payments are issued quarterly. Here is the official payment schedule for 2024:
| Month of Payment | Date |
|---|---|
| January | January 5, 2024 |
| April | April 5, 2024 |
| July | July 5, 2024 |
| October | October 4, 2024 |
While rumors of an extra payment in November 2024 persist, no confirmation has been provided by the Canadian Government.
Payment Amounts
The exact GST/HST credit amount depends on individual or family status, as reported in the previous year’s tax return:
| Recipient Status | Payment Amount (2024) |
|---|---|
| Singles | $519 |
| Couples | $680 |
| Per Child (Under 18) | $179 |
These amounts are calculated based on the applicant’s income and other family details from their tax filings.
How to Claim the GST/HST Payment
If you are eligible but have not received your GST/HST payment, you can follow these steps to apply:
- Visit the Official Website:
- Go to Canada.ca.
- Create a My Service Canada Account:
- If you do not already have an account, create one and link it to your CRA account.
- Submit an Application:
- Navigate to the GST/HST credit section and fill out the application form.
- Provide Documentation:
- Supply required documents, such as your Social Insurance Number (SIN), proof of residency, and supporting evidence of your financial situation.
- File Your Tax Return:
- Ensure you file your tax return for the previous year, as this is the primary document used to assess your eligibility.
- Track Your Application:
- Use your online account to check the status of your application and any upcoming payments.
Fact Check: Extra GST and HST Payment
While the idea of an extra GST and HST payment for November 2024 has generated excitement, it is important to note:
- No official confirmation has been issued by the CRA or the Canadian Government.
- The claim likely stems from speculation about government support in response to inflation.
- Canadians are encouraged to verify information through official channels like Canada.ca or by contacting the CRA.
