GST/HST July 2024 Payout Date, Payment Amount, Eligibility & Other Details!

GST/HST Credit Payment Dates in Canada: July 2024 Payout Details

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The Goods and Services Tax (GST) and Harmonized Sales Tax (HST) credit is a tax-free payment made by the Canada Revenue Agency (CRA) to individuals and families with low to moderate incomes. This article provides information on the GST/HST credit payment dates, eligibility, and other essential details for the 2024 tax year.

GST/HST Credit Payment Dates for July 2024

The GST/HST credit is typically disbursed every three months, with the next payment scheduled for July 5, 2024. This payment is part of the quarterly schedule, which includes October 5, 2024, January 6, 2025, and April 5, 2025.

Eligibility for GST/HST Credit

To be eligible for the GST/HST credit, you must meet specific requirements:

Be a Canadian resident for income tax purposes in the month preceding and beginning with that month.
Be at least 19 years old.
Be married, or have been married, to someone.
Live (or have lived) with a child (or children) of yours.
Meet specific income requirements.

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How Much Can You Expect?

The amount of GST/HST credit you can receive depends on your net income and the number of children under the age of 19. For the 2021 tax year, the limits are:

$467 if you are single.
$612 if you are married or have a common-law partner.
$161 for each child under the age of 19.

Payment Schedule and Timing

The CRA typically issues GST/HST credit payments on the fifth day of July, October, January, and April. If you expect to receive less than $50 per quarter, your payment will be made in one lump sum on July 5.

How to Claim the GST/HST Credit

You do not need to apply separately for the GST/HST credit. The CRA will automatically determine your eligibility when you file your taxes. If you have any changes in your life circumstances, such as entering into marriage or welcoming children, it is essential to inform the CRA to enable recalibration of your payments.

Additional Information

If you do not receive your GST/HST credit payment on the anticipated date, you can allow a grace period of 10 working days before reaching out to the CRA for assistance.
You can check the status of your payment in My Account or the MyBenefits CRA mobile app.

For more information on the GST/HST credit and other tax-related topics, please visit the official Canada Revenue Agency website at www.canada.ca.