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Canadian Revenue Agency Issues Guidance on GST/HST Credit for Low-Income Families: What You Need to Know

  • Canadian Revenue Agency issued guidance on GST/HST credit
  • GST/HST credit is non-taxable and paid four times annually to low and modest income individuals and families
  • Guidance includes relevant definitions, eligibility criteria, procedures for obtaining the credit, calculation procedures, and maximum amount of credit
  • Taxpayers must file 2023 tax returns to receive the credit
  • Specific conditions may require recalculation of credit amount
  • Specific dates for receiving credit payments are outlined

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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