Understanding GST and HST Payments in Canada

By Elena Cordelia

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In Canada, Goods and Services Tax (GST) and Harmonized Sales Tax (HST) are sales taxes paid on most goods and services. The Canada Revenue Agency (CRA) offers a refund called the GST & HST tax credit. This refund is paid quarterly and helps reduce the taxes paid by individuals during the year.

GST Payment Dates

Knowing the GST payment dates is important to ensure timely filing and avoid penalties. The CRA issues GST and HST payments on the 5th of each quarter: January, April, July, and October. If these dates fall on a weekend or public holiday, payments are made on the next working day.

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Article Type: Canada GST Payment Dates 2024
Year: 2024
Country: Canada
Launched by: CRA
Payment Frequency: Quarterly
Amount Received: In the bank account
Payment Date: 5th of the quarter month
Category: Finance
Official Website: Canada.ca

2024 GST Payment Schedule

For 2024, the scheduled GST payment dates are as follows:

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  • January 5, 2024
  • April 5, 2024
  • July 5, 2024
  • October 4, 2024

If you do not receive your payment on these dates, wait 10 working days before contacting the CRA.

Netfile Tax Credit Rebate

GST & HST NETFile is an online service allowing individuals to file their GST & HST tax returns and claim rebates directly through the CRA. This method is user-friendly, fast, and secure, offering confirmation upon receipt of your information. The NETFile service is available seven days a week, ensuring a swift refund process. However, it is not available for Quebec residents under certain conditions.

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Eligibility

To qualify for the GST & HST tax credit in 2024, individuals must meet the following criteria:

Basic Eligibility

  • Must be at least 19 years old.
  • If under 19, the individual must meet at least one of the following conditions:
    • Have a common-law partner or spouse.
    • Live with their parents or a child.
  • Must be a resident of Canada for tax purposes.
  • Must meet the eligibility criteria before the month in which the CRA makes the payment.

Filing Requirements

To receive the GST & HST payment, individuals must:

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  • File their tax return electronically.
  • Ensure all personal and financial information is accurate and up-to-date.
  • Use the NETFile service for a faster and more secure filing process.

Important Notes

  • Tax-Free Refund: The GST & HST refunds are tax-free.
  • Direct Deposit: Payments are deposited directly into the beneficiary’s bank account.
  • Contacting CRA: If payments are not received within 10 working days after the scheduled date, contact the CRA for assistance.

Knowing the GST & HST payment process and meeting eligibility criteria can significantly ease the tax burden on Canadian individuals. The quarterly refunds provide much-needed financial relief, especially for those with lower incomes.

The CRA’s commitment to providing timely and secure payments ensures that eligible Canadians receive their benefits efficiently. Stay informed about the payment dates and filing requirements to maximize your tax benefits.

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1. What are GST and HST?

GST and HST are sales taxes paid on most goods and services in Canada.

2. How often are GST & HST payments made?

Payments are made quarterly, on the 5th of January, April, July, and October.

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3. How can I qualify for the GST & HST tax credit?

You must be at least 19 years old, a resident of Canada for tax purposes, and meet specific conditions if under 19.

4. How do I file for the GST & HST tax credit?

File your tax return electronically using the NETFile service on the CRA website.

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5. What should I do if I don’t receive my payment?

Wait 10 working days after the scheduled payment date and then contact the CRA.

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Disclaimer- We are committed to fair and transparent journalism. Our Journalists verify all details before publishing any news. For any issues with our content, please contact us via email. 

Elena Cordelia

Elena is a seasoned tax consultant with a decade of expertise in income tax management. Graduating with top honors in Finance, she embarked on a career journey focused on simplifying tax complexities. Elena's insightful articles on thecsc.org provide practical guidance to taxpayers.

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