Canada GST Payment Dates 2024, HST Netfile Tax Credit Rebate Dates

Arnia
5 Min Read

Goods and Services Tax (GST) and Harmonized Sales Tax (HST) are important sales taxes in Canada, paid on goods and services. The Canada Revenue Agency (CRA) offers a refund of these taxes through the GST & HST tax credit. This refund is paid quarterly to help individuals offset the taxes they paid during the year, reducing their overall tax burden.

GST Payment Dates

It’s important to know when GST payments are made to avoid penalties and ensure timely filing. The CRA issues GST and HST payments on the 5th of each quarter: January, April, July, and October. If these dates fall on a weekend or public holiday, payments are made on the next working day.

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Article TypeCanada GST Payment Dates 2024
Year2024
CountryCanada
Launched byCRA
Payment FrequencyQuarterly
Amount ReceivedIn the bank account
Payment Date5th of the quarter month
CategoryFinance
Official WebsiteCanada.ca

2024 GST Payment Schedule

For 2024, the scheduled GST payment dates are:

  • January 5, 2024
  • April 5, 2024
  • July 5, 2024
  • October 4, 2024

If you do not receive your payment on these dates, wait 10 working days before contacting the CRA.

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Netfile Tax Credit Rebate

GST & HST NETFile is an online service allowing individuals to file their GST & HST tax returns and claim rebates directly through the CRA. This method is user-friendly, fast, and secure, offering confirmation upon receipt of your information. The NETFile service is available seven days a week, ensuring a swift refund process. However, it is not available for Quebec residents under certain conditions.

Eligibility

To qualify for the GST & HST tax credit in 2024, individuals must meet the following criteria:

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Basic Eligibility

  • Must be at least 19 years old.
  • If under 19, must meet at least one of the following conditions:
    • Have a common-law partner or spouse.
    • Live with their parents or a child.
  • Must be a resident of Canada for tax purposes.
  • Must meet the eligibility criteria before the month in which the CRA makes the payment.

Filing Requirements

To receive the GST & HST payment, individuals must:

  • File their tax return electronically.
  • Ensure all personal and financial information is accurate and up-to-date.
  • Use the NETFile service for a faster and more secure filing process.

Important Notes

  • Tax-Free Refund: The GST & HST refunds are tax-free.
  • Direct Deposit: Payments are deposited directly into the beneficiary’s bank account.
  • Contacting CRA: If payments are not received within 10 working days after the scheduled date, contact the CRA for assistance.

Knowing the GST & HST payment process and meeting eligibility criteria can significantly ease the tax burden on Canadian individuals. The quarterly refunds provide much-needed financial relief, especially for those with lower incomes.

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The CRA’s commitment to providing timely and secure payments ensures that eligible Canadians receive their benefits efficiently. Stay informed about the payment dates and filing requirements to maximize your tax benefits.

FAQs

When are the GST payments made in 2024?

GST payments are made on January 5, April 5, July 5, and October 4, 2024.

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Who is eligible for the GST & HST tax credit?

Canadian residents aged 19 and above, or those meeting specific conditions if under 19, are eligible.

How do I apply for the GST & HST tax credit?

You need to file your tax return electronically using the NETFile service on the CRA website.

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What should I do if I don’t receive my payment on time?

Wait 10 working days after the scheduled payment date, then contact the CRA for assistance.

Are the GST & HST refunds taxable?

No, the GST & HST refunds are tax-free.

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By Arnia
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A Certified Public Accountant specializing in personal finance and taxation. Arnia engaging writing style and deep understanding of tax codes make her articles a must-read for individuals seeking to maximize their tax savings.
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