It’s finally time for those GST credit payments to roll into some people’s bank accounts.
If you’re wondering if you’re eligible, how much you can get, and when it’ll be coming, we cover everything you need to know about the goods and services tax credit.
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GOODS AND SERVICES TAX
Every quarter, eligible Canadians are entitled to the goods and services tax/harmonized sales tax. These are tax-free payments that “help… individuals and families with low and modest incomes.” Specifically, it is meant to help offset the GST or HST that they pay.
Canadians are automatically considered for the credit payment when they file their taxes. There’s no need to apply for anything– as long as you did your taxes, you’re already categorized as either eligible or non-eligible.
ELIGIBILITY
Here are the requirements for the GST/HST credit. The Canada Revenue Agency (CRA) notes that these traits will make you “generally eligible” for the credit. You are:
- “At least 19 years old
- A resident of Canada for tax purposes during:
- The month before the CRA makes a payment, and
- At the beginning of the month the CRA makes a payment”
HOW MUCH CAN I GET?
The GST/HST credit payment amount is based on your adjusted net income, marital status, and the number of children (under 19 years old) that you’ve registered for the Canada child benefit and GST/HST credit.
“For the 2024 base year (payment period from July 2025 to June 2026, you could get up to:
- $533 if you are a single individual
- $698 if you are married or have a common-law partner
- $184 for each child under the age of 19”
WHEN WILL I GET MY CREDIT PAYMENT?
GST/HST credit payments generally come during July, October, January, and April. As for October, the CRA generally sends them out on the 5th of each month.
