In 2024, Canadian residents have an exciting opportunity to benefit from extra GST/HST payments and temporary tax relief. These initiatives are part of the government’s commitment to easing financial burdens on low- and moderate-income households. Understanding how these payments work, who qualifies, and the key dates can help you make the most of this support. Here’s everything you need to know to ensure you don’t miss out.
What Is the Extra GST/HST Payment in 2024?
The GST/HST credit is a tax-free quarterly payment designed to help Canadians offset the GST or HST they pay on goods and services. For 2024, the program includes:
Quarterly GST/HST Credit Payments – These payments continue as financial support for eligible households.
Temporary GST/HST Relief – A special exemption on select items purchased between December 14, 2024, and February 15, 2025, aimed at reducing costs during the holiday season and winter months.
This combination ensures families and individuals have extra support for their financial well-being.
Temporary GST/HST Relief: What’s Included?
During the relief period, you won’t have to pay GST/HST on a variety of essential and holiday-related items. Eligible categories include:
Groceries: Basic food items and beverages.
Children’s Essentials: Clothes, diapers, toys, and car seats.
Holiday Items: Decorations like Christmas trees and lights.
Books and Printed Materials: Physical books and newspapers.
For instance, in Ontario (13% HST), a $100 purchase of qualifying items will save you $13, while in Alberta (5% GST), the savings would be $5. This initiative makes everyday purchases more affordable, particularly during a time of increased spending.
Eligibility for GST/HST Credit and Relief
Quarterly GST/HST Credit:
Must be a Canadian resident for tax purposes.
Minimum age: 19 years or older.
Family net income must fall below specific thresholds set by the CRA.
Temporary GST/HST Relief:
Available to all Canadians—no income restrictions.
Automatically applied at checkout on eligible purchases during the relief window.
GST/HST Payment Amounts in 2024
The annual GST/HST credit depends on family size and income:
Recipient Type Maximum Annual Amount
Single Individual $519
Married/Common-Law Couple $680
Per Child (Under 19) $179
For example:
A single parent with two children can receive up to $877 annually.
A married couple without children may get $680.
These payments are split into four equal installments and paid quarterly.
Key Payment Dates for 2024
The CRA has scheduled the following payment dates for the GST/HST credit:
January 5, 2024
April 5, 2024
July 5, 2024
October 5, 2024
If you don’t receive your payment by these dates, check your CRA My Account or contact the CRA after 10 working days.
How to Access the GST/HST Credit
File Your Taxes: Even if you have no taxable income, submitting your tax return is essential. The CRA uses this information to assess your eligibility.
Automatic Assessment: Eligible individuals don’t need to apply separately; payments are processed automatically based on your tax return.
New Residents: If you’re a newcomer to Canada, you may need to complete the CRA’s RC151 form for initial eligibility.
Maximizing Savings During the GST-Free Period
The temporary GST/HST relief is an excellent opportunity to save on essential and discretionary purchases. Follow these tips:
Plan large purchases—such as children’s clothing, holiday decorations, or books—during the relief period to maximize savings.
Shop strategically to take full advantage of GST-free discounts.
Combine this relief with store promotions for added value.
Why the Extra GST Payment Matters
This initiative offers several benefits:
Immediate Financial Relief: Reduces costs on essential goods during high-spending months.
Inclusive Benefit: The GST-free period applies to everyone, regardless of income.
Support for Local Businesses: Encourages Canadians to shop locally, boosting economic recovery.
Additional Support Programs for Canadians
The extra GST payment is part of a broader package of government initiatives to support Canadians, including:
Canada Child Benefit (CCB): Monthly payments for families with children, averaging $6,997 annually per family.
Canada Workers Benefit (CWB): Tax relief for low-income workers, with benefits ranging from $1,428 (individuals) to $2,461 (families).
Rental Assistance Programs: Support for housing costs, available through provincial programs.
Energy Rebates: Federal and provincial programs to offset rising heating costs.
FAQs About Extra GST Payment 2024
Who qualifies for the GST/HST credit in 2024?
Residents aged 19+ with family incomes below CRA thresholds automatically qualify.
Do I need to apply for temporary GST relief?
No, GST-free discounts are applied directly at checkout during the relief window.
How can I check my payment status?
Log in to your CRA My Account or call the CRA at 1-800-959-1953 for updates.
What should I do if I don’t receive my GST payment?
Verify your tax return accuracy and contact the CRA after 10 working days past the scheduled payment date.
How can I maximize my savings during the GST-free period?
Plan ahead for large purchases, especially essential items and holiday needs, to take full advantage of the tax relief.
By staying informed and planning ahead, you can make the most of the extra GST payment and temporary relief in 2024. For more details, visit the Canada Revenue Agency’s official website.
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