GST/HST Payment Dates, Tax Credit Guide, Full Details

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GST/HST Payment Dates, Tax Credit Guide, Full Details- DATOS

Have you ever seen prices go up when you pay for stuff at the store? The reason behind this is that you’re paying more in taxes. In this article, we’ll also discuss when you need to pay GST and HST, and it’s all about Canadian citizens.

GST/HST Payment Dates

Canadians go about their daily lives, and some might qualify for the GST Harmonized Sales Tax Credit. This credit, funded by the government, helps people with low incomes pay for the GST or HST they incur during the year. This article will tell you who’s eligible for these payments and how to apply for them. Read on to learn more.

2024 GST/HST Payment Dates

the Canada Revenue Agency (CRA) usually sends the GST/HST credit payments on the fifth day of July, October, January, and April. If you do not receive your GST/HST credit payment on the expected payment date, please wait 10 working days before contacting the CRA.

For 2024, the GST/HST credit amount you’ll receive is as follows: The total GST/HST credit will be split across four payments made on the 5th of January, April, July, and October.

Here are the expected GST/HST payment dates for 2024:

  • January 5, 2024
  • April 5, 2024
  • July 5, 2024
  • October 5, 2024

You can also view your GST/HST CRA payment dates and amounts in your CRA account or by using the MyBenefits CRA mobile app. GST/HST credits will be deposited into recipients’ accounts via direct deposit or by cheque.

Overview of CRA GST Payment Dates 2023

GST’s Four types SGST, CGST, IGST, UTGST
Ontario HST 13%
Canada HST Credit8-10%
Credit age limit of GST HST 19 or more
Canada PST Rate7 %
Fformula of GST (Original Cost*GST Rate Percent)/100
Canada’s highest income tax rateFormula of GST

GST/HST Payment in Canada

Great news! You don’t have to do another application. Now, when you file your tax return, they automatically check if you’re eligible for this credit. It’s a reward for those who file their taxes on time.

GST/HST Payment Eligibility in Canada

To get this payment, you need to:

  • Be a Canadian citizen.
  • Be at least 19 years old.If you’re not a Canadian citizen and you’re under 19, you must have a common-law partner.
  • Have kids and live with them or have lived with your kids.

HST Amount 2023

The HST payments people get depend on how much money their family makes and how many kids under 19 are in their family who get the Canada Child Benefit (CCB) and HST Credit.

For the year 2022, here are the payment amounts:

  • $496 for single people.
  • $650 for married folks or those living together.
  • $171 for each kid under 19.

It’s really important to let the Canada Revenue Agency (CRA) know right away if your family size, address, or marital status changes. This way, you’ll get the right HST Credit payments on time.

How to Get HST Credit 2023

In most cases, you don’t have to apply for HST Credits yourself if you’ve already filed your tax returns. The Canada Revenue Agency (CRA) will check if you’re eligible automatically when they get your tax return, even if you didn’t earn any money.

But if you’re a new resident in Canada, there are some special steps to follow. If you have kids, you fill out Form RC66. If you don’t have kids, use Form RC151. After you’ve completed and signed the right form, mail it to the Tax Centers they specify.

How to Get Your GST/HST Payments

Getting your GST/HST payments is simple. If you do your taxes online, it’s quick and easy. But if you prefer a check, it’ll come in the mail.

The only issue with checks is that they take longer to process. Ideally, you should get your payment within 10 days. If it’s been longer and you haven’t received it, you can contact CRA for help.

When Will Your GST/HST Payment Change

Life keeps changing, and so can your payment. The CRA will recheck it when certain things change in your life. Here are the situations where your payment might change:

  • If your income or your family’s income changes.
  • If your marital status changes.
  • If the number of your children changes.
  • If one of the people receiving the payment passes away.

If any of these things happen, don’t wait. Contact the CRA right away. It’s a good idea to make sure your records are correct. This way, they can review and adjust your GST or HST payment. Once you understand how GST/HST works, you can use your quarterly payments to cover your monthly expenses or treat yourself to a day at the spa.

Checkout More: GST/HST Payment Dates, Tax Credit Guide, Full Details

People May Ask

When are the GST/HST payment dates in 2024?

The GST/HST payment dates in 2024 are on April 5, July 5, October 5, and January 5 of each year.

How do I know if I qualify for the GST/HST credit?

You qualify for the GST/HST credit if your income is below the threshold amounts, which vary based on your family structure and the number of children under 19 in your household. You can check the threshold amounts in the table below:

Family StructureAdjusted Family Net Income
Single person$52,255
Single parent with 1 child$58,755
Single parent with 2 children$62,175
Single parent with 3 children$65,595
Single parent with 4 children$69,015
Married/common-law couple with no children$55,335
Married/common-law couple with 1 child$58,755
Married/common-law couple with 2 children$62,175
Married/common-law couple with 3 children$65,595
Married/common-law couple with 4 children$69,015

How much GST/HST credit can I expect to receive? 

The GST/HST credit amount varies based on your family structure and the number of children under 19 in your household. You can check the credit amounts in the table below:

GST/HST CreditJuly 2023 – June 2024
Credit for each qualified child under 19$171
Credit if you are married or have a common-law partner$650
Supplement for single adults$496

Do I need to apply for the GST/HST credit? 

No, you do not need to apply for the GST/HST credit. The Canada Revenue Agency (CRA) automatically assesses your eligibility when you file your taxes.