The GST/HST credit payment is coming on October 4, 2024, for the eligible Canadian taxpayers. As the Canada Revenue Agency releases the payment quarterly, this is the last GST/HST credit to be out in 2024. The candidates can later expect the next payment in January 2025. In Canada, the Goods and Services Tax / Harmonized Sales Tax is available for eligible taxpayers every quarter to eligible taxpayers. One of the main reasons the Canadian government is behind issuing this credit is to ensure a cut in tax liability for the citizens of Canada. Those who are eligible for the GST/HST can claim the next payment on October 4, 2024.
Canada GST/HST Next Payment October 2024
The Canada Revenue Agency and the federal government guarantee a tax-free GST/HST credit to its residents every year. This credit is responsible for reducing the tax liability of a taxpayer that they pay. The GST/HST credit turns out to be more beneficial for low-income residents in Canada. The CRA releases the credit four times a year in January, April, July, and October. Eligible beneficiaries have already claimed the three payments in 2024. Now, the citizens can claim the Canada GST/HST Next Payment on October 4, 2024. For that, a recipient needs to meet some eligibility requirements that the CRA has set nationwide.
The payment amount for the GST/HST is determined by the CRA based on certain factors and circumstances of a recipient. Majorly, the GST/HST credit depends on the income of a taxpayer. Apart from that, if a claimant is married or has a common-law partner, their payment may vary with an eligible individual. At last, the CRA checks the number of dependent children in a household before deciding the final credit amount. For the next Canada GST/HST payment on October 4, 2024, an eligible individual can claim up to $519. On the other hand, the same payment for a married couple is $680. For each eligible child, a claimant may receive up to $179.
Canada GST/HST Next Payment October 2024 Key Points
| Title | Canada GST/HST Next Payment 2024 |
| Country | Canada |
| Name of the Credit | Goods and Services Tax / Harmonized Sales Tax (GST/HST) |
| Department | Canada Revenue Agency (CRA) |
| Category | Government aid, taxation |
| Frequency of the credit | Quarterly |
| Next payment date | October 4, 2024 |
| Applicable for | Eligible taxpayers |
| Year | 2024 |
| Official website | canada.ca |
Income Limit for the Canada GST/HST Next Payment October 2024
The Canada GST/HST Next Payment October 2024 for eligible beneficiaries may reduce if the income of a recipient exceeds the federal limit. Depending on the marital status and the number of children in a household, the CRA has set income criteria for the GST/HST credit. The income details are available in the following table:
| Category | Adjusted family net income |
| Single | $54,704 |
| Single with 1child | $61,504 |
| Single with 2 children | $65,084 |
| Single parent with three children | $68,664 |
| Single parent with four children | $72,244 |
| Married or having a common-law partner | $57,924 |
| Married with one child | $61,504 |
| Married couples while having two children | $65,084 |
| Married couples while having three children | $68,664 |
| Married couples with four children | $72,244 |
NOTE: The current credit amount under the GST/HST credit is effective from July 2024 to June 2025. As the credit is indexed to inflation, the payment amount may change in the future, thus, resulting in an expected changed in the above-mentioned income limits.
Who is Eligible for the Canada GST/HST Next Payment October 2024
The first three payments of the Canada GST/HST credit 2024 are out on the 5th of January, April, and July 2024. The recipients who want to claim the Canada GST/HST Next Payment October 2024 may need to meet the following eligibility criteria:
- Residency: A person should hold Canadian citizenship.
- Permanent Residency: As per the laws, a claimant must be a permanent resident of one of the provinces or territories of Canada. This rule must apply a month before and at the beginning of the month when CRA disburses the next GST/HST credit.
- Age: An applicant’s age must not be below 19 to be eligible.
- Age Exception: In case a claimant is under 19 years of age, they need to meet one of the two conditions that are; (i) Have or had a spouse or common-law partner and (ii) he/she is a parent or living with their child or was a parent and lived with a child.
- Custody: For parents who are sharing the custody of the child, half GST/HST credit is provided to each parent.
How to Apply for the Canada GST/HST Next Payment October 2024?
Canadian taxpayers do not need to apply for the Canada GST/HST Next Payment October 2024. The payment schedule is already out and eligible taxpayers can claim it on October 4, 2024, as the last payment of fiscal year 2024. To receive the GST/HST credit, candidates all need to file federal income tax returns for the year 2023. Once the taxpayers submit ret, the CRA automatically enrolls the citizens for the Canada GST/HST credit based on the eligibility criteria.
The payment is all set to arrive on October 4, 2024, however, due to recent wildfires in major parts of the country, there may arise a delay in the payments to credit. Thus, the eligible beneficiaries must be patient regarding the benefit amount and wait for at least 10 business days before contacting the CRA. For more information, eligible beneficiaries can also visit the official website of the Canada Revenue Agency.
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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.