File your taxes with confidence
Every time you go to the checkout counter, do you blink twice at how many items have gone up in price? And higher prices mean higher tax. For example, that protein smoothie and poke bowl you bought for lunch likely cost you more than usual (so much for trying to be healthy!). These days, it feels as though Canadians are jumping through hoops just to afford daily living.
You may be able to catch a break with the goods and services tax/harmonized sales tax (GST/HST) credit. Funded by the federal government, it’s designed to help individuals and families with low to modest incomes cover the amount of GST or HST they pay throughout the year.
Read on for the GST/HST payment schedule, as well as info on eligibility, and how you can apply for the credit.
Get your maximum refund, guaranteed*.
Mark your calendars! The credit is given out on a quarterly basis . Here are the GST/HST rebate dates for the 2022 tax year:
If your overall GST/HST credit for 2022 amounted to less than $50 per quarter, the Canada Revenue Agency (CRA) would have provided you with a one-time payment on July 5.
If you received two payments in your bank account on July 5, 2023, consider yourself lucky—and thank the federal government for its Grocery Rebate (which was issued on the same date).
The qualifications for the GST/HST credit are relatively straightforward. To be eligible, you must:
If you’re a newcomer to Canada and would like to receive the GST/HST credit, then you’ll have to fill out some forms, depending on whether or not you have children.
If you’re new to Canada and looking to file your taxes this year, here’s a video that covers some of the tax credits you can take advantage of whether you’re filing with an expert or on your own:
The amount you can expect to receive is based on several factors:
To give you an idea, here are a few scenarios of the maximum annual payment. This is based on the 2022 tax year with payments from July 2023 to June 2024:
For more detailed information on the payment amounts, you can view the handy payments chart here . You can also receive an estimate of what your rebate amount will be by using the CRA’s child and family benefits calculator .
It’s also worth noting that the GST/HST credit is non-taxable. So you don’t have to claim it on your return come tax time.
Knowing the amount to expect can help you plan ahead and decide how you’ll make use of the money. Perhaps you can boost your savings goals (back-to-school shopping, anyone?) or wisely use it to pay off some credit card debt.
The last thing anyone wants to do is fill out another application form. Well, good news for you, you don’t have to—hooray! When you file your tax return, you’ll automatically be considered for the credit (which is an incentive to file your taxes on time).
If you’ve set up direct deposit with your online bank, then it should be easy. In your bank account, it’ll appear as “GST/HST tax credit” or “Canada FPT” (which stands for Federal-Provincial-Territorial).
If you opted for a cheque, it will be mailed out—but it will take longer to process. Your payment should arrive within 10 business days. If you don’t receive a payment, you can contact the CRA .
Every now and then, life circumstances change. When this happens, the CRA will reassess your payment. Here are the scenarios that will impact your payment amount:
Don’t delay! It’s always a good idea to contact the CRA as soon as these life changes occur, so they can keep accurate records and review and reevaluate your GST/HST payments. You’ll then receive a statement from the CRA indicating the revised annual credit amount.
Now that you have the low-down on how the GST/HST credit works, you can use these quarterly payments to pay your monthly bills or treat yourself to a day at the spa!
