Good and Service Tax Payment is a vital source of income to many of the low and moderate Canadians. Based on the taxpayer’s income tax return information the CRA distributes payment. The goal is to decrease the tax load & help in improving the living standards. If you fulfill the Canada GST Payment Eligibility 2024, you will get the amount in your account directly. No requirement to apply for the credit separately. Just make sure to file your taxes regularly timely. Continue reading this article to get relevant info about the Canada Next Extra GST Payment 2024. We have included its overview, eligibility, amount, and payment dates.
Canada Next Extra GST Payment 2024
Goods and Services Tax Payments are tax-free. The next payment is scheduled for the 4th of October 2024. The current base year is 2023. The payment period for GST Payment runs from the 1 of July of the year succeeding the base year to the 30 of June of the next year. The authority analyses your credit depending on your marital status, your 2023 base year adjusted family net income, and the registered number of qualified children for this credit. You can expect an extra payment along with your regular GST credit this year.
Your family situation may cause a change in your GST Credit payment. Situations such as a change in your marital status, after the recipient’s death, a change in the qualified children number, and a change in your spouse or common law partner or your income. Based on that it will be recalculated from the actual date of the change. CRA will send you a notice of redetermination. It will include the revised credit amount. To know the exact Extra GST Credit Amount 2024, visit canada.ca.
GST Payment 2024- Overview
| Article On | Canada Next Extra GST Payment 2024 |
| Benefit Name | GST/HST Credit |
| Department | Canada Revenue Agency |
| Country | Canada |
| Year | 2024 |
| Beneficiaries | Eligible taxpayers of the country |
| GST Payment Date 2024 | 4 October 2024 |
| Maximum Payment Amount | Check Below |
| Frequency of the payment | Quarterly |
| Official Website | canada.ca |
Eligibility of Extra GST/HST Payment 2024
The resident of Canada has to fulfill the criteria to become eligible for the upcoming payment on the 4th of October 2024. Below you can check the Extra GST/HST Payment Eligibility 2024:
- The beneficiary should be a permanent inhabitant of Canada.
- The beneficiary must have filed for the income tax and benefits in the previous year.
- The beneficiary should be over 19 years old.
- If you are aged less than 19 then you have to meet any 1 of the below conditions in the same period:
- Have a spouse or common-law partner
- You are a parent & live or lived with your child
- The beneficiary’s net income has to be under certain limits, which differ due to family size and income threshold.
- To get the exact GST credit you must give correct income info at the time of tax return.
Canada Extra GST/HST Payment Amount 2024
If you fulfill the GST/HST Payment Eligibility 2024, you can get the refund in four quarter period. The CRA authority gives the payment amount depending on the individual’s category which includes various factors such as their children’s number, number of family members, etc. Check the table stated under to get an idea of your July 2024 to June 2025 payment period. You could receive up to:
| CATEGORY | CANADA GST PAYMENT AMOUNT 2024 |
| For Individual | $519 |
| For Married or Common-law partner | $680 |
| Children aged under 19 years old | $179 |
If your net annual income crosses CAD 35000, the base amount will start to be deducted by 2 percent for each dollar of your AFNI. The higher your income, the lower your GST Payment in 2024 will be. Keep your personal information updated to evade any underpayments or excessive payments.
When is Your GST Credit Paid?
The Canada Revenue Agency provides the GST Credit Payment 2024 quarterly. You will receive your credit based on your 2023 tax return information. The authority gives this payment in July, October, January, and April. If the said date falls on Saturday, Sunday, or any federal holiday you will get it on the previous working day.
- July 5, 2024
- October 4, 2024
- January 3, 2025
- April 4, 2025
If you did not get your GST Payment 2024 on the above mentioned scheduled dates, wait for ten working days. Even after that if you do not get it then contact the authority at 1-800-387-1193.
| Homepage | Click Here |
Canada Next Extra GST Payment 2024 FAQs
Canadian residents should be above 19 years old and must be regular tax filers to get the Extra GST Payment 2024.
Up to $519 will be awarded to the single recipient. If you are married, you can get up to $680 and $179 for every child under 19.
The CRA authority distributes the GST Credit payment in four equal quarters: July, October, January, and April. You will receive your next credit payment on October 4th, 2024.
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