Upcoming Payment Date
The CRA will release the next payment of the GST/HST credit on July 5, 2024. This payment is part of the quarterly schedule aimed to assist the eligible Canadian taxpayers to manage the GST AND HST charges.
Eligibility Requirements
To qualify for the GST/HST credit, you must meet specific criteria set by the CRA:
Age: You must be over 19 years old It prohibits you from selling and buying it if you are below this age.
Residency: It is preferred that you are a resident of Canada and should have filed for the annual tax return.
Dependents: If you are eligible to claim under this section, you may be able to claim extra child credits if you are below 19 years old. You cannot claim for a child that is taken care of by welfare agency of the government.
Benefits and Payment Amounts
The amount you receive depends on your income and family status
Single Individuals: Up to $446 a year.
Couples: This can range from $245 to $650 depending on the choices made every year by M&S.
Children: $171 per child per year, for any child under the age of 19 that is registered for Canada Child Benefit.
Application Process
To apply for the GST/HST credit, follow these steps:
1. Visit the Official Website: Search for Canada. ca and then try in the search of that website to find CRA section.
2. Select the Application Form: In as much as they are both similar, there is Form RC66 which is for persons with children and Form RC151 which is for individuals only.
3. Submit Your Application: Send that form to the tax center after you have filled it.
Payment Schedule
GST/HST credits are paid on a quarterly basis. The 2024 schedule is:
- January 5
- April 5
- July 5
- October 4
