The Canada Goods and Service Tax Credit and Harmonized Sales Tax Credit is refundable. The authority provides tax credits to help individuals and families with low-income to balance the impact of the GST and HST on them. CRA receives them. So, if you’re a Canadian taxpayer then can see the latest info on Canada GST HST Refund Schedule 2024 in this article. It will help you in calculating the amount that you would get, and you can mark your calendar dates consequently.
Canada GST HST Refund Schedule 2024
The Canadian citizens who have filed their tax returns for the previous year are entitled to the GST and HST Refund 2024. Based on their AFNI, the CRA automatically calculates their GST HST amount. They give out the payment in 4 quarters. For the 2023 base year, the beneficiary has already gotten their first payment on 5 July 2024. Now remaining payment would be on the following dates: 5 October 2024, 5 January 2025, and 5 April 2025. These payments are provided to reduce the burden of the people who are paying the taxes to the government. According to GST HST Refund Schedule 2024, these payments are being issued. These payments are issued to the beneficiary bank account after they become entitled to the Canada GST HST Refund 2024. For any payment-related queries visit canada.ca.
GST and HST Refund Schedule 2024- Overview
Here is an overview of GST and HST Refund Schedule 2024:
Title of the Article | Canada GST HST Refund Schedule 2024 |
Department Name | Canada Revenue Agency (CRA) |
Country | Canada |
Year | 2024 |
Beneficiaries | Residents of Canada |
GST/HST Refund Payment Date 2024 | 5 October 2024 |
Payment Amount | CAD 179 to CAD 680 |
Frequency of the Payment | Four times in a year |
Category | Finance Aid |
Official Website | canada.ca |
What is the Eligibility of GST/HST Tax Refunds 2024?
The Canadians who are applying for the GST/HST Tax Refunds 2024, have to meet the below stated points. CRA has set the eligibility requirements which need to be fulfilled by every eligible candidate. Here are the points:
- The beneficiary must have filed their tax return for previous years.
- The recipient has to be more than 19 years old.
- If the beneficiary is below the age of 19, then he/she has to meet one of the following conditions at that period:
- You had or have a spouse or a common-law partner
- You were or are a parent and lived or currently living with your child.
- The beneficiary must be an inhabitant of the country for tax purposes during:
- At the start of the month
- And a month before the Canada Revenue Agency makes the payment.
Canada GST and HST Refund Amount 2024
The Canada GST and HST Refund Amount 2024 is based on the AFNI, and the number of children below nineteen years old who are registered for Canada Child Benefit and the GST/HST Credit. Keeping the base year as 2023, for the payment dated from July 2024 to June 2025, you can get up to:
Beneficiaries | Canada GST/HST Refund Amount 2024 |
Single | CAD 519 |
Have a common-law partner or married | CAD 680 |
Each child below the age of 19 | CAD 179 |
Make sure your personal information is up to date to avoid overpayments and underpayments. As it will affect the payment that you are going to get from July 2024.
GST/HST Refund Schedule 2024
The Canada Revenue Agency (CRA) gives out the GST/HST Tax Refund every quarter. Generally, these are made on the first week of those quarters. The eligible beneficiaries can check the GST/HST Refund Schedule 2024 in the below table:
Quarterly Payments | Canada GST/HST Refund Dates 2024 |
1st Quarter | 5 July 2024 |
2nd Quarter | 5 October 2024 |
3rd Quarter | 5 January 2024 |
4th Quarter | 5 April 2024 |
If you don’t get the GST/HST Payments on the said date, then it is advised to please wait ten business days before contacting the department. If even after 10 days you don’t get the payment, get in touch with the CRA through their official portal. To get the benefit and credit payment reminders a week before the payment date, sign up or log in to My Account.
How to Claim GST/HST Tax Refund 2024?
You can claim the GST and HST Tax Refund from the CRA portal i.e. canada.ca. Interested beneficiaries are requested to follow the steps mentioned below to claim the GST/HST Tax Refund 2024:
- Go to the authorized site of the Canada Revenue Agency.
- Sign into your account.
- Now click on the “Apply for GST/HST Credit 2024”.
- Fill in the application. Provide particulars such as the child’s name, gender, and other such details.
- Review and submit it.
The authority will look into your application to check if you qualify for it. If yes, then you will get the payment in your bank account or through a cheque, whatever you have chosen. Check the application status from the CRA portal only.
Canada GST/HST Refund 2024 FAQs
The applicant has to be at least 19 years old and must have filed their tax return for the previous year. The other eligibility requirements are mentioned above in the article.
The eligible beneficiary will receive their next GST/HST tax refund on 5 October 2024.
The eligible individuals will get nearly $179 to $680, depending on their AFNI and the number of children they have.
The CRA distributes GST/HST refunds every 3 months. You will get the payment in July, October, January, & April.