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Canadians to Receive GST and HST Credit Payments Tomorrow
BY Connect Newsroom, Jan 2, 2025 7:47 PM - REPORT AN ERROR
The payments aim to offset the GST and HST paid by low-income single Canadians and families on goods and services.
The first GST and HST credit payments of the new year will be issued on Friday. These tax-free quarterly payments are provided by the federal government to assist low- and moderate-income families.
The payments aim to offset the GST and HST paid by low-income single Canadians and families on goods and services. The amount is calculated based on the total family income and the number of children under 19.
For the 2024–2025 benefit year, the annual GST credit is a maximum of $519 for single individuals. Married or common-law couples can receive up to $680 annually, with an additional $179 for each child under 19.
This payment period runs from July 2024 to June 2025. The upcoming payment falls within this cycle.
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