Millions of people in Canada are waiting for their Goods and Services Tax payments for the month of October 2024. There are reports that state that the government may provide Canada Additional GST Payment October 2024. Although the IRS has not yet announced any such news regarding the extra GST benefits for this month. This extra amount is a result of the high rise in inflation that affects the overall financial condition of the nation.
Those who are eligible and meet the income limits can receive these tax free benefits under the monthly GST/HST benefits for 2024. The total amount of GST credit for single individuals with low income starts from $519 and $650 for couples. Similarly, for people living with their children under the age of 18, you shall receive $171 per child. For receiving the applicants should be permanent residents of Canada and must have paid their tax returns to the government of Canada from the previous year. Check the complete Additional GST/HST Credit Eligibility Criteria 2024 through the section in this post.
Canada Additional GST Payment October 2024
The Canada Additional GST Payment October 2024 shall be given to individuals on the basis of the eligibility criteria and income limits designed by the IRS. The amount is calculated on the basis of the tax returns filed by the applicant during the previous year 2023. The payment dates for this month shall be out by the 5th of October 2024. Although no separate application process is needed for the additional credit under the GST/HST program. The annual income of a single applicant for GST credit should be less than $35,000. For couples and people living in a family the amount of eligibility depends on the size of the family.
Canada Additional GST/HST Payment 2024
| Benefit | Canada Additional GST/HST Payment 2024 |
| Government | Government of Canada |
| About | GST/HST credit |
| Eligibility | Low income taxpayers |
| Year | 2024 |
| Payment dates | October 2024 |
| Frequency | Quarterly basis |
| Objective | Finance |
Who Is Eligible For Additional GST/HST Credit 2024?
Check the Additional GST/HST Credit Eligibility Criteria 2024 in the following section. Go through each point carefully to see whether you can get this payment or not.
- The additional benefits for the month of October 2024 under the GST credit is applicable to all the eligible new and existing beneficiaries.
- These benefits are available and designed only for the people of Canada, with legal citizenship and visas.
- The applicants should be taxpayers and must have paid their taxes for the previous year before 17 May 2024, in accordance to 2023 and receive the benefits within 120 from the date of filing.
- Only low and middle income families will receive these payments. Income limits depend upon the size of the family, for example a single individual must meet the income limit of $35,000.
How To Claim Canada Additional GST Payment October 2024
In order to Claim Canada Additional GST Payment October 2024, you should follow the steps below.
- The additional benefits will be credited automatically to those who are eligible and receive their quarterly benefits.
- There is no need to apply separately with an application form, all you need to do is update your current legal and personal information.
- Keep a track of your payments and make sure you added your bank account details to receive the payments on time.
Average GST/HST Credit 2024
| Criteria | Average GST/HST Credit 2024 |
| Single | $519 |
| Couple | $650 |
| Per child | $171 |
Disclaimer – Canada Additional GST Payment October 2024
Based on our research we can say that the government of Canada has not yet announced the additional GST/HST benefit. Hence the exact amount of benefits cannot be confirmed till the release of the payments. According to the latest reports and data given on the internet, all the current numbers are the latest and most relevant. We advise our audience not to rely on information associated with any rumors and speculations. It’s better to take confirmation from the official website only.
FAQs On Canada Additional GST Payment October 2024
The GST credit amount per child in Canada starts from $171.
Upcoming payments under the GST shall be released by October 5, 2024.
