The GST & HST Credit Schedule In October 2024 has been released by the CRA as it is the payment which is given as the benefit to reduce the amount of taxes which is to be paid by the citizens. The amount of taxes to be paid by the citizens is very high and it is based on the provincial as well as the territorial programs. The benefit to be paid as the GST/HST Credit 2024 is $519 for the single individual and the benefit is $680 for the married couples. The payment will be given on 4th October 2024 as per the schedule and you are advised to check the GST/HST Tax Credit Eligibility 2024 to know who can qualify for this payment. Now the given article shall help you get all the details on the schedule of the tax credit.
GST & HST Credit Schedule In October 2024
The Canada Revenue Agency (CRA) is providing the benefits to the citizens with an aim to reduce their financial pressure. The CRA has approved the financial income to the citizens either on the monthly or quarterly basis. The citizens living in Canada have been struggling due to the financial pressure where they are living below the poverty line and are unable to meet their daily necessaries. The Goods and Services Tax and the Harmonized Sales Tax is one of the benefits to be provided to the beneficiaries which reduces the cost of taxes which is to be paid. The GST/HST Tax Credit is the quarterly benefit to all the seniors of the Nation to reduce their tax burden. This payment is given both to the single as well as married couples and it has the payments from the Provincial and the Territorial Programs.
The GST/HST Payment Dates 2024 fall only on the 5th date to every quarterly month. The amount which is to be given to the single beneficiaries is $519 each quarter and the benefit to the couples is $680 per quarter. The payment date for this quarter period is on 4 October 2024 and it will be given in the accounts directly. Those who have paid the taxes will automatically be given the benefit and one has to check the post below for the necessary updates on this GST/HST Credit which is to be given in October 2024.
canada.ca GST/HST Credit 2024
The GST/HST Credit is the reduction in the amount of the taxes which you will pay and the GST & HST Credit Schedule In October 2024 has been released by the CRA and the amount will be given in the accounts. The citizens who have paid the taxes will automatically be given the payments.
| Post Title | GST & HST Credit Schedule In October 2024 |
| Organization | CRA- Canada Revenue Agency |
| Tax Credit | GST/HST- Goods and Services Tax and Harmonized Sales Tax |
| What is the eligibility? | Low income families paying taxes |
| Country | Canada |
| Benefit of tax credit | Offset the tax credit |
| Eligible age | 19 years or more |
| Who gets it | Singles and couples |
| Payment basis | Net income and number of children |
| Frequency of benefit | Quarterly |
| GST/HST Payment Dates 2024 | Quarter month 5th date |
| Payment amount | $519 and $680 for singles and married respectively |
| Next Payment Date | 4 October 2024 |
| Post category | Finance |
| Website | canada.ca |
What Is GST/HST Tax Credit 2024?
- The Tax Credit of GST/HST is the quarterly income support to all the individuals who have been paying the taxes on time.
- Due to the high amount of taxes being paid to the citizens which are high, the tax credit is said to be given to the citizens.
- This quarterly payment is given for the amount of $519 to all the single taxpayers and it is $680 for all the married couples during the quarter.
- The benefit date is in October and this payment will be paid on 4 October 2024 to all those who come under the GST/HST Tax Credit Eligibility 2024.
- The amount you will be paid in the bank accounts directly on the exact payment date and the same amount will be given which CRA has approved.
What Is The GST/HST Tax Credit Eligibility 2024?
- To be eligible for the payment, the given criteria is to be met:
- You shall have your Residency as Canada.
- Your age has to be 19 years or more
- The tax payment has to be done on time.
- If you are in a sharing custody of the child, you shall get the benefit on the sharing basis.
- The income shall be less than the given limits.
What Is The Amount of GST/HST Credit 2024?
| Family Situation | Amount |
| Single | $519 |
| Married | $680 |
| Child Under 19 years | $179 |
What Are The GST/HST Payment Dates 2024?
The payment date of GST/HST Credit is the 5th of the every quarter month which is in January, April, July and October and it shall be a working day.
The payment dates have been given in the schedule below.
| S.No | Payment Date |
| 1 | 5 January 2024 |
| 2 | 5 April 2024 |
| 3 | 5 July 2024 |
| 4 | 4 October 2024 |
FAQs On GST & HST Credit Schedule In October 2024
It is the payment to be given to reduce the taxes which one owes.
The amount of the GST/HST Tax Credit 2024 is $519 for the single individuals and $680 for the married couples.
The payment of GST/HST Credit 2024 is on 4 October 2024.
The ones who are aged 19 years or more and have paid the taxes on time will be given the tax credit.
