The GST/HST payment dates, which are typically on the fifth day of each month, are determined quarterly beginning in January. The fifth of October will see the release of the final payment for 2023.
GST/HST Payment Dates
Are you unsure of the purpose of this payment? The GST/HST tax credit is distributed to low-income Canadian households to lessen their tax burden. Most of the time, you don’t even need to submit a formal application for the tax credit. Based on your tax return, you will enroll on autopilot.
This manual serves as a resource for GST payment deadlines, quantities, prerequisites, and other information.
GST/HST Payment Dates 2023
- Don’t let the GST/HST payment due dates frighten you. You are not making the payment. You are receiving compensation.
- Nobody likes having to pay GST/HST on almost every transaction they make. You consider it a debt or an ongoing loan payment that you never requested.
- But low-income individuals and families receive cash back from the Canadian government in the form of GST/HST tax credits. Receiving the GST/HST tax credit is advantageous and won’t lower your credit score or make it more difficult for you to receive financing.
- These tax breaks and deductions help reduce the overall amount of taxes we have to pay each year. There are several payments for the GST/HST tax credit. You must request it when you file your taxes, just as you would for any other credit or deduction.
- Do you need to know the GST payment dates and the details of the GST/HST tax credit? Go on reading.
The GST/HST Tax Credit: What Is It?
The GST/HST tax credit attempts to aid households with lower incomes. You probably have to pay Goods and Sales Tax (GST) and/or Harmonized Sales Tax (HST) when you buy different goods and services in Canada. As previously stated, the federal government provides a financial benefit known as the GST/HST tax credit that aids customers in avoiding paying an excessive amount of GST and HST during a given tax year.
The credit is for families, couples, common-law partners, and people with low to moderate net earnings, and it consists of four yearly (quarterly) non-taxable payments.
What Amount Can You Get As A GST/HST Tax Credit?
The Canada Revenue Agency (CRA) calculates the GST/HST tax credit. If you meet the requirements, the total sum you may receive and the size of your quarterly payments may differ depending on the following personal and financial factors:
- How many kids are currently residing at home
- How old your kids are (they have to be under 19)
- Your personal or family income as of the last tax year’s conclusion
- Whether you are currently single, married, or in a common-law relationship
Max Annual GST/HST Tax Credit Amounts
The maximum GST/HST tax credit amount you’ll receive is the following amounts during the period of July 2022 to June 2023:
|$456||For single eligible adults over the age of 19|
|$161||For each child you have that’s under the age of 19|
|$612||For those who are married or are in a common-law relationship|
Dates for Paying GST/HST in 2023
Always keep in mind that the CRA typically distributes the GST/HST tax credit on a quarterly basis. These payments are disbursed over a 12-month period, from July 1 of the base year’s succeeding year through June 30 of the succeeding year. In general, GST payments are made on the fifth day of January, April, July, and October. If the fifth occurs on a weekend or statutory holiday, this can change a little.
GST payment dates are as follows:
|GST Payment Dates 2023|
|January 5, 2023|
|April 5, 2023|
|July 5, 2023|
|October 5, 2023|
Remember that occasionally your payment for the quarterly GST/HST tax credit may be a little tardy. After about 10 business days, if you haven’t received your payment, be sure to get in touch with the Canada Revenue Agency and get the issue handled.
Who Can Receive A GST/HST Tax Credit?
Regrettably, certain taxpayers are ineligible for the GST/HST tax benefit. The categories of Canadians that qualify for this CRA benefit are as follows:
- Those who are permanent residents and are least 19 years old
- Residents who now have or have had a spouse or common-law partner
- Parents who now or previously shared a home with a minor
On the other side, the following circumstances may prevent you from receiving the GST/HST tax credit:
- If you are an employee or officer (diplomat, etc.) of another nation, you are exempt from Canadian taxation.
- A worker or relative of a foreign official or servant
- incarcerated for 90 or more days in a row (in a prison or other comparable facility)
- Not a resident of Canada for tax purposes
Maximum Annual Income Limit For GST/HST Tax Credit
Be sure that you, your children, and/or your spouse/common-law partner fulfill all eligibility conditions by visiting the Government of Canada website before submitting an application for any sort of federal, provincial, or territorial tax benefit. The current thresholds for household and individual net income eligibility for the GST/HST tax credit are as follows:
|Family Structure||Net Income Limit|
|Single Canadian residents over the age of 19||$48,012|
|Single parents with 1 child||$53,992|
|Single parents with 2 children||$57,132|
|Single parents with 3 children||$60,272|
|Single parents with 4 children||$63,412|
|Married or common-law couples with no children||$50,852|
|Married or common-law couples with 1 child||$53,992|
|Married or common-law couples with 2 children||$57,132|
|Married or common-law couples with 3 children||$60,272|
|Married or common-law couples with 4 children||$63,412|
How Do I Submit A GST/HST Tax Credit Application?
Since 2014, it is the responsibility of the Canada Revenue Agency to review your financial situation and determine if you are in fact qualified for the GST/HST tax credit. You might also need to complete the following in order to apply:
- Even if you have no income in 2019, you must still file your income tax return in order to be eligible for any territorial or provincial tax credits.
- To be eligible, you and your spouse or common-law partner must both have a valid Social Insurance Number (SIN).
- On page 1 of your 2019 tax return, fill out the “Information About Your Spouse or Common-Law Partner” box, if applicable (SIN, income, etc.).
- Fill out Form RC66 if you have children and are a new resident of Canada. Fill out Form RC151 if you are a new resident without children.
- Create a CRA My Account to submit your application online, or mail the required paperwork to the local provincial or territorial Canada Revenue Agency office.
Provincial GST/HST Credits
The GST/HST tax credit may undoubtedly be helpful if you are an eligible taxpayer with a low to moderate income. In addition to your GST/HST payments, you can also be eligible for the following additional tax-free CRA credits:
- B.C. Climate Action Tax Credit
- Ontario Sales Tax Credit
- Nova Scotia Affordable Living Tax Credit
- New Brunswick Harmonized Sales Tax Credit
- Newfoundland and Labrador Income Supplement
- Newfoundland and Labrador Seniors Benefit
- Saskatchewan Low-Income Tax Credit
- Prince Edward Island Sales Tax Credit
Are You Eligible For Any Of These Provincial Tax Credits?
|Provincial GST/HST Credits||Annual Maximum Amount: Single, Married or Common Law Partner|
|B.C. Climate Action Tax Credit||– Individuals, spouse, common-law partner: up to $193.50|
– $56.50 per child under 19 years of age
– $193.50 for the first child in a single parent family.
|Ontario Sales Tax Credit||– $324 for each adult and each child under 19 years of age|
– Credit will be reduced by 4% of your adjusted net income over $24,916
|Nova Scotia Affordable Living Tax Credit||– Individuals, spouse, common-law partner: $255|
– Per child: $60
|New Brunswick Harmonized Sales Tax Credit||– Individuals, spouse or common-law partner: $300|
– Per child: $100
|Newfoundland and Labrador Income Supplement||– Max annual payment of $495 for single individuals|
– $561 for spouses or common law partner
– $220 per child under 19 years of age.
|Newfoundland and Labrador Seniors Benefit||– Married or common-law couples: $1,313|
– $1,444 for a single senior
|Saskatchewan Low-Income Tax Credit||– Individuals, spouse, common-law partner: $358|
– Per child: $141
– Per family: $998
|Yukon government carbon price rebate||– Annual credit of $320 for an individual|
– $320 for a spouse or common-law partner
– $320 per child under 19 years of age.
*Individuals living outside of Whitehorse will also receive supplement of:
– Individuals, spouse, common-law partner: $32
– $32 for each eligible child under 19.
|Prince Edward Island Sales Tax Credit||– Individual: $110|
– Spouse, common-law partner or qualified dependent: $55
|Northwest Territories High Cost of Living Offset||– Annual credit of $260 for an individual|
– $260 for a spouse or common-law partner
– $300 per child under 18 years of age
B.C. Climate Action Tax Credit
quarterly payout for citizens of British Columbia to offset carbon fees. Individuals, couples, and common-law partners are eligible to earn up to $193.50 yearly, plus an additional $56.50 for each kid. The credit is also available to taxpayers in the form of a one-time “enhanced” payment of $218 + $61 for each child. Additionally, people are eligible to receive $193.50 for the first child in a home with a single parent.
Ontario Sales Tax Credit
Gives a family a $324 annual credit for each adult and kid (the amount may possibly be lower depending on your income). If eligible, you may combine your OSTC with the Ontario Energy and Property Tax Credit and/or Northern Ontario Energy Credit to create the Ontario Trillium Benefit (OTB).
Nova Scotia Affordable Living Tax Credit
gives low-income taxpayers more money and helps mitigate any HST hikes. Currently, the maximum yearly payout for both individuals and couples is $255, plus $60 for each additional kid. For families with adjusted net earnings exceeding $30,000, the amount is reduced by 5%.
New Brunswick Harmonized Sales Tax Credit
A $300 annual credit is available to individuals, couples, and common-law partners, with an extra $100 for each kid over the age of 19 who is still residing at home. If the taxpayer’s net income exceeds $35,000, the total credit amount is reduced by 2%.
Supplemental Income for Newfoundland and Labrador
For low-income families and individuals, including seniors and those with disabilities, there is the Newfoundland and Labrador income supplement (NLIS), which is a non-taxable sum. The grant is determined by the recipient’s individual circumstances and adjusted family net income. For single people, the maximum payment amount is $495; for married or common-law partners, it is $561. plus $220 for each minor under the age of 19.
You must be qualified for the federal GST/HST credit, the NLIS, and the DTC (Disability Tax Credit) in order to receive the NLIS.
Newfoundland and Labrador Seniors Benefit
A payment of $1,313 per year for seniors who are single and over 65, as well as for married couples or common-law partners with at least one senior with an adjusted family net income of $29,402 or less. Taxpayers who qualify and have incomes between $29,402 and $40,663 will get a portion of the payout.
Saskatchewan Low-Income Tax Credit
Enables people, spouses/common-law partners, and other qualified dependents to receive up to $346 each year. Earn an additional $136 each kid (up to a maximum of two children) or a $946 annual credit per family. Once your net income reaches $32,643, reductions begin.
Prince Edward Island Sales Tax Credit
A credit of $110 per person per year, plus $55 for each eligible dependant who is a spouse, common-law partner, or other family member. You are eligible for an additional 0.5% bonus worth up to $55 if your family’s adjusted net income exceeds $30,000. For incomes exceeding $50,000, the amount drops by 2%.
Are You Unsure If You Qualify For The GST/HST Tax Credit In Canada?
Don’t pass up more dollars that may be utilized to pay for your expenses if your own income is insufficient. As a result, the easiest approach to find out if you’re eligible for the GST/HST tax credit is to contact the Canada Revenue Agency. Don’t wait to look into the GST/HST tax credit because tax season is soon to come.
I want to know how to get my GST/HST tax credit.
You can obtain your GST/HST tax advantage in one of two methods. The Canada Revenue Agency will mail you the payments in 4 separate checks at your option, or you may use your CRA My Account to set up direct deposit with your bank.
Can I request to get my GST/HST Tax Credit all at once?
The Canada Revenue Agency will often split your whole GST/HST tax credit into 4 equal installments over the course of a single tax year. The CRA may, however, send you your whole payment at once if it totals less than $50.
What should I do if my GST/HST Tax Credit payment hasn’t arrived?
Please wait 10 working days before calling the CRA if you haven’t received your GST/HST Tax Credit payment on the scheduled GST/HST payment dates. Call them at 1-800-387-1193 to get in touch with them.