GST and HST credit benefits are now available in Canada

 

 

Canadians eligible to receive Goods and Services Tax (GST) or Harmonized Sales Tax (HST) credits from the federal government will receive the first benefits of the new year on Friday. This is the third quarterly payment for the 2023 base year. The benefit is available to low-income Canadians.

These are tax-free quarterly payments that the government makes in lieu of the GST or HST that individuals and families pay on various goods and services. The benefit is provided to low-income people to reduce the financial burden of paying taxes. GST/HST credit amounts may also include payments from provincial and territorial programs. The payments come during a two-month “tax holiday” declared by the federal government. Canadians are not required to pay GST/HST on many items during this time. GST/HST credit payments are calculated based on your marital status, family income, the number of children under 19 registered for the Canada Child Benefit, and the GST/HST credit. Single Canadians without children can receive up to $519 in GST/HST credits for the full year between July 2024 and June 2025.