If you are a low-income or moderate-income citizen living in Canada, then this post is for you. The federal government of Canada and the Canada Revenue Agency (CRA) helps the citizens of the country to balance the taxes they pay by providing Goods and Services / Harmonized Sales Tax (GST/HST) refund. These refunds are provided on a quarterly basis to the eligible citizens of the country. Keep reading this post to get all the details on the Canada GST HST Refund Schedule along with its eligibility criteria, how much you can get and how can you claim the refund in 2024.
Canada GST HST Refund Schedule
The GST/HST credit is a tax-free refund provided to the low-income and moderate-income individuals and their households. The tax credit may also include the payments from provincial and territorial programs. A person will be required to file their federal tax returns of 2023 in order to get the GST HST refund in 2024. The government will automatically consider an applicant for the refund after filing tax returns. However, you will be required to qualify the eligibility requirements in order to get the credit. The tax refund intends to provide a financial help to the taxpayers of the nation, so they can balance the GST or HST that they pay.
If you have filed your tax returns of year 2023, then you are eligible to receive the Canada GST HST Refund as per the schedule. The CRA make the payment in the month of July, October, January and April of the year. If you are eligible to get the GST or HST refund for 2024, then you can expect your payments to arrive on July 5, 2024 and October 4, 2024, and January 3, 2025 and April 4, 2025. However, in case your GST/HST credit which was calculated in July 2024 is less them $50 per quarter, then you will get the entire credit on July 5, 2024 via CRA. The payment amount that you are entitled to receive will be based on your adjusted family net income.
Canada GST HST Refund Schedule Brief Overview
| Post title | Canada GST HST Refund Schedule 2024 |
| Country | Canada |
| Governed by | Federal government of Canada |
| Department | Canada Revenue Agency (CRA) |
| Category | Taxation |
| Purpose | To allow taxpayers to balance their taxes |
| Applicable for | Eligible citizens of Canada |
| Payment dates | Arrive quarterly |
| Year | 2024 |
| Official website | canada.ca |
Who is Eligible for GST/HST Credit in Canada?
There are some guidelines which the Canadian government and the CRA ask the citizens to qualify in order to claim the Canada GST HST Refund in 2024. Thus, it is important for you to be aware of the eligibility requirements even if you have not received an income in the previous year. I have provided the eligibility criteria in the points listed below:
- As per the residency rule, you must be a citizen of Canada.
- To get the Canada GST HST Refund in 2024, you must be a permanent resident of Canada in the month before the CRA makes a payment and at the beginning of the month in which the CRA makes the payment.
- You must be at least 19 years old.
- If your age is below 19 years, then you will be required to meet at least one of the following conditions at the time when CRA makes a payment:
- You have or had a spouse or a common-law partner.
- You are a parent and live with your child or you were a parent and lived with your child at some time.
- If you are sharing a custody for the child, then you are eligible to receive half of the GST HST refund for that child.
How Much is Next Canada GST HST Refund in 2024?
There are a couple of factors that CRA will use to determine your GST HST Refund amount in 2024. For instance, your adjusted family net income such as your combined net income will be use if you have a spouse or a common-law partner. In addition to it, number of children under 19 years of age that you registered for Canada Child Benefit and GST/HST will also play a key role while determining your quarterly payment amount.
For the payment period from July 2024 to June 2025, you are entitled to claim $519 if you are single while you can receive $680 if you have a spouse or a common-law partner. The CRA will provide $179 for each child you have under the age of 19. Apart from that, you must have knowledge of the following instances in which the CRA might recalculate your GST/HST payment:
- If your child 19 years of age or the number of eligible children under 19 years of age changed.
- A change in your marital status.
- Demise of a recipient.
- You have started or stopped sharing the custody of a child.
How to Claim the Canada GST HST Refund in 2024?
Before applying for the Canada GST HST Refund for 2024, make sure you are eligible for the credit by checking the eligibility criteria. To be able to get the GST/HST credit in 2024 which also include any related provincial and territorial credits, you will be required to file your federal tax returns for year 2023. If you are new resident in Canada, then you can also claim the GST/HST credit in 2024. However, you will be asked to send a complete Form RC151, GST/HST Credit and Canada Carbon Rebate Application for Individuals who became residents of Canada
In addition to it, you and your spouse or common-law partner will need a Social Insurance Number (SIN). You can apply for the SIN by visiting the nearest office of Service Canada if you do not have one. You will also need to provide a proof of the birth of your child for whom you are applying for.
NOTE: The Canada GST HST Refund might expect a delay in arriving due to wildfires and floods in the country. If your payment is delayed as per the scheduled payment date, then you are advised to wait for 10 days before taking any action. For more information, you can also visit the official website of the CRA.
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David has spent Several years reporting on the oil and gas industry, uncovering the latest trends and technological breakthroughs. His expertise in energy markets and passion for sustainable practices make his articles both insightful and forward-thinking. Davis’s in -depth analyses are a staple for professionals seeking to stay ahead in this dynamic field.