Canada GST Payment | January 5, 2024

Last Updated On 24 December 2023, 11:21 PM EST (Toronto Time)

On January 5, 2024, the qualifying Canadian taxpayers will receive their quarterly HST/GST payment from the Canada Revenue Agency (CRA).

All Canadian residents for income tax purposes, including international students and work permit holders, are eligible for GST payments based on their previous tax year.

Newcomers to Canada need to apply for the GST payment, depending on whether they have kids or not.

Four times a year, low- and modest-income individuals and families receive the GST/HST credit, which is a non-taxable payment that helps balance the goods and services tax and harmonized sales tax (GST/HST) they pay.

HST/GST Payment Eligibility

You are eligible for this credit if, at the beginning of the month in which the CRA makes a payment, you are considered a resident of Canada for income tax purposes.

Before the CRA sends you a quarterly payment, you have to be at least 19 years old in that month.

You must fulfill at least one of the following conditions within the same time frame if you are under the age of 19:

You are married or have a common-law partner now or in the past.
As a parent, you either currently reside with your child or formerly did.

How to Receive the GST Payment

In the event that you are not receiving any income in 2022, you still need to file a tax return in order to claim the GST/HST credit and any applicable provincial or territorial credits.

If you are a newcomer to Canada (foreign student, work permit holder, or permanent resident), you can use one of the two methods stated below to claim the GST/HST credit:

If you’re not a parent,

Send in Form RC151, Application for GST/HST Credit and Climate Action Incentive Payment for Individuals Who Become Residents of Canada, filled out for the year you become a resident of Canada for the purpose of filing taxes.

If you’re a parent,

To apply for all child and family benefits, complete Form RC66, Canada Child Benefits Application, and mail it to CRA tax centre.

Form RC66SCH, Status in Canada and Income Information for the Canada Child Benefits Application, must also be completed in order to obtain your citizenship and residency details as well as your Statement of Income.

How much is the maximum GST/HST payment amount?

You may be eligible to receive up to: for the 2022 base year (payment period from July 2023 to June 2024).

$496: In the case of an individual
$650: If you have a common-law spouse or are married
$171 for every child under 19 years old

How is the payment of GST/HST computed?

You would have gotten a notification in July 2023 if the CRA determined, after reviewing your 2022 tax return, that you qualify for the GST/HST credit.

This notification includes the details required to calculate the amount of money you will receive, as well as the amount itself.

You can use the official CRA Child and Family Benefits Calculator to estimate how much GST/HST credit you would receive.

What are the GST payment dates 2024?

The Canada Revenue Agency (CRA) will be making four quarterly GST/HST payments in 2024 on the dates listed below:

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

All The CRA Payment Dates in January 2024

The payment is made on the final working day before the fifth if it falls on a Saturday, Sunday, or federal holiday.

You can contact CRA at 1-800-387-1193 if, after 10 working days around the fifth of the above-mentioned timetable, you have not received your payment.

When does the GST payment come out in January 2024?

The upcoming payment for GST is due on January 5, 2024.

A maximum of $496 can be awarded to eligible individuals, $650 to couples, and an extra $171 to families with children based on their annual income.

What are the other CRA payments going out in January 2024?

Below are the CRA payments going into the pockets of Canadian taxpayers in January 2024:

GST payment on January 5, 2024
The Ontario Trillium Benefit (OTB): January 10, 2024
Advanced Canada Workers Benefit (ACWB): January 12, 2024
Climate Action Incentive Payment (CAIP): January 15, 2024
Canada Child Benefit (CCB): January 19, 2024

Gagandeep Kaur Sekhon

Gagandeep Kaur Sekhon moved to Canada in 2010 on a study visa. She navigated through the ups and downs of her student life and gained her permanent residency in 2015. Today, she is a proud Canadian citizen residing in Calgary, Alberta. She is mother of 2 beautiful daughters and making her difference through writing and guidance at INC – Immigration News Canada.