New GST Payment To Be Sent On April 5, 2024

Last Updated On 15 April 2024, 4:43 AM EDT (Toronto Time)

The Canada Revenue Agency (CRA) will be sending out to qualifying Canadian taxpayers their quarterly HST/GST payment on April 5, 2024.

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.

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

1. You are married or have a common-law partner now or in the past.

2. As a parent, you either currently reside with your child or formerly did.

How to Receive Credit for GST/HST

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

If you are a newcomer to Canada (foreign student, work permit holder, or permanent resident) and arrived in 2023, then 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 in.

To submit your citizenship and residency details, as well as your Statement of Income, you must also complete Form RC66SCH, Status in Canada and Income Information for the Canada Child Benefits Application.

What is your maximum HST/GST payment amount?

For the 2022 base year (GST payment period from July 2023 to June 2024), you may be eligible to receive up to:

$496 for a single person
$650: If you are married or have a common-law spouse
$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 days will GST be due in 2024?

CRA uses the data from your previous tax return to calculate the HST/GST payment.

The upcoming CRA payment dates for GST in 2024 are listed below:

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

If it falls on a Saturday, Sunday, or federal holiday, CRA makes the payment on the final working day prior to the fifth.

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 will CRA send the April 2024 GST payment?

The next payment for GST is due on April 5, 2024. Eligible individuals can receive a maximum of $496, couples can receive $650, and families with children can receive an additional $171.

What are the Canadian government payments going to Canadian taxpayers in April 2024? are there?

GST payments: April 5, 2024
Canada Carbon Rebate (CCR) (formerly known as Climate action incentive payment): April 15, 2024
Canada Child Benefit (CCB): April 19, 2024

What is GST in Canada?

GST, or Goods and Services Tax, is charged to most Canadian purchases and services.

A 5% surcharge applies to groceries, rents, and imports. The CRA administers this tax and they want it to include practically everything from product creation to sales.

The “input tax credit” technique is crucial to GST. This helps firms recover GST on purchases and business expenses. It reduces firms’ tax bills like a credit.

Businesses can offset GST paid with GST earned from sales. Thus, they pay less tax, which benefits them.

The average Canadian taxpayer gets some of this back in the form of a quarterly (after every 3 months) GST rebate payment.