VATupdate

Share this post on

Canada GST Increase 2024: Eligibility, Payment Schedule, and How to Apply

  • CRA has increased the GST credit for eligible low-income citizens to help with inflation
  • Majority of people who received the July 2024 Canada GST Credit payment were those eligible for the increase
  • The Canada GST Increase 2024 provides tax-free payments for three months to help with basic necessities
  • Increased payment amounts for singles, married/common-law couples, and children under 19
  • Canada GST/HST payments are issued monthly but paid quarterly throughout the year
  • Eligibility requirements include being a resident of Canada, meeting income limits, and filing taxes in the previous year
  • If eligible but have not received payment, apply for the Canada GST credit on the CRA’s website.

Source: stimulus2024.org

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.

Sponsors:

VAT news
VATIT Compliance
Pincvision

Advertisements:

  • Pincvision