In Canada, the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) are taxes you pay when buying most goods and services. To help with these taxes,
the Canada Revenue Agency (CRA) offers a special refund called the GST & HST tax credit. This refund helps reduce the amount of tax you pay throughout the year and is given out every three months.
GST Payment Dates
It’s important to know when GST payments are made to avoid any problems. The CRA sends out GST and HST payments on the 5th day of January, April, July, and October. If the 5th is a weekend or a holiday, the payment will be made on the next working day.
2024 GST Payment Schedule
Here are the dates for GST payments in 2024:
- January 5, 2024
- April 5, 2024
- July 5, 2024
- October 4, 2024
If you don’t receive your payment on these dates, wait 10 working days before contacting the CRA.
Netfile Tax Credit Rebate
The GST & HST NETFile is an online service that lets you file your tax returns and claim refunds quickly and safely. It’s available seven days a week, so you can use it anytime. You’ll get a confirmation once your information is received. Note that this service might not be available for some Quebec residents.
Eligibility
To get the GST & HST tax credit in 2024, you need to:
- Be at least 19 years old.
- If you’re younger than 19, you need to:
- Have a common-law partner or spouse, or
- Live with your parents or a child.
- Be a Canadian resident for tax purposes.
- Meet the eligibility criteria before the CRA payment month.
Filing Requirements
To get the GST & HST payment, you must:
- File your tax return online.
- Make sure all your personal and financial details are correct.
- Use the NETFile service for a quicker and safer process.
Important Notes
- Tax-Free Refund: The GST & HST refunds are tax-free.
- Direct Deposit: Payments are sent directly to your bank account.
- Contacting CRA: If you don’t get your payment within 10 working days after the date, contact the CRA for help.
Summary
Understanding how GST & HST payments work and meeting the eligibility criteria can make tax time easier for Canadians. The quarterly refunds offer financial relief, especially for those with lower incomes.
The CRA’s efficient payment system ensures eligible people get their benefits on time. Keep track of payment dates and filing requirements to make the most of your tax credits.
1. What are the GST & HST payment dates for 2024?
The GST & HST payments for 2024 are scheduled on the following dates:
January 5, 2024
April 5, 2024
July 5, 2024
October 4, 2024 If any of these dates fall on a weekend or public holiday, the payment will be made on the next working day.
2. How can I check if I am eligible for the GST & HST tax credit?
Be at least 19 years old, or if under 19, have a common-law partner, spouse, or live with your parents or a child.
Be a resident of Canada for tax purposes.
Meet the eligibility criteria before the month the CRA makes the payment.
3. How do I file for the GST & HST tax credit?
You need to file your tax return electronically using the NETFile service. Ensure all your personal and financial information is accurate and up-to-date for a smooth process. Using NETFile is quick, secure, and provides confirmation upon receipt.
4. What should I do if I don’t receive my GST & HST payment on the scheduled date?
If you do not receive your GST & HST payment on the scheduled date, wait for 10 working days before contacting the CRA. Payments are deposited directly into your bank account, so ensure your banking information is correct.
5. Is the GST & HST tax credit refund taxable?
No, the GST & HST tax credit refunds are tax-free. You do not need to include them as taxable income on your tax return.