what is canada gst payment

The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a tax-free quarterly payment provided by the Canada Revenue Agency (CRA) to help individuals and families with low or modest incomes offset the GST or HST that they pay. The credit is automatically considered for individuals when they file their taxes. The payment dates for the GST/HST credit are typically on the fifth day of July, October, January, and April. The amount of the credit depends on factors such as net family income, marital status, and whether the individual has children. The maximum amount an individual can receive from the GST/HST credit until the end of the payment period (June 2024) varies based on their circumstances. To be eligible for the GST/HST credit, an individual must be a Canadian resident for income tax purposes and meet certain income criteria. Additionally, some provinces and territories have programs related to the GST/HST credit, and eligible individuals automatically receive these benefits along with the GST/HST credit payments.