The Canada Revenue Agency would give out the Canada Extra Goods and Services Tax Payment 2024 to the regular tax filers of the country. It works as a fiscal aid that helps the low moderate income individuals and families in reducing their tax burden. There is no need to apply for it separately, you will be automatically measured for the tax payment if you are a taxpayer in the country. You can get the relevant info about Extra GST Payment Coming In August 2024 in this article. It also includes an overview, Canada GST Eligibility 2024, payment date, and more here.
Extra GST Payment Coming In August 2024
In 2024, the beneficiaries who are filing it individually will get financial assistance of about CAD 496. While the common law partner and married couples filing it jointly will an amount of CAD 650 from the CRA authority. It is a tax free payment. They would get the tax credit based on their annual income and their filing status. Canada Revenue Agency made the Extra GST Payment 2024 to the people who belong to the lower income group. Filing tax returns is mandatory. Therefore, file your tax return yearly.
Citizens residing in Canada with lower income will get the Canada Extra GST Payment 2024 from the federal government. The amount would vary for the person as it is based on their income criteria. Also, if the beneficiary has a child aged below 19 then they are eligible for an additional GST payment. The CRA would deposit the payment directly into your account if you have opted for direct deposit. While in the circumstance of a cheque mode, it may take longer. You can check your Extra GST Payment Status on the CRA site i.e. canada.ca.
Canada Extra GST Benefit 2024- Overview
Here is an overview of Canada GST Payment 2024:
| Title of the Article | Extra GST Payment Coming In August 2024 |
| Country | Canada |
| Department Name | Canada Revenue Agency |
| Beneficiaries | Entitled taxpayers of Canada |
| Extra GST Payment Date 2024 | 5 October 2024 |
| Payment Frequency | Every 3 months |
| Category | Financial Aid |
| Official Website | canada.ca |
What is the Eligibility of Canada Double GST Payment?
The CRA has set some Canada GST Eligibility 2024. The eligible taxpayer of the country can avail of the benefit. They have to file their income tax regularly to get the benefit. You can check the Canada Double GST Payment Eligibility 2024 in the below section, it will let you know if you are eligible or not:
- The beneficiary should have filed their last year’s income tax. There shouldn’t be any dues.
- The recipient is required to be an inhabitant of Canada.
- To get the accurate GST credit you must give the correct info.
- The recipient must age at least nineteen years.
- If the beneficiary is below the age of 19 years then they have to meet at least 1 of the following conditions. (a) They should have a spouse/ common law partner or (b) you are a parent of a child and you are living with the child/ or lived.
- The beneficiary’s net income has to fall below a certain income threshold. It will differ for individual filers and couples filing it jointly. You can check it on the CRA authorized notification.
Canada Extra GST Payment Date 2024
The Canada Extra GST Payment 2024, is distributed every quarter to the eligible beneficiaries. It is made on the 5th of every quarter. The CRA department has increased the amount from July 2024 to July 2025. If you are a regular taxpayer of Canada, then forget to claim the benefit. Check the table to know when the Canada Revenue Agency will distribute Extra GST Payments in 2024.
| Payment times | Canada Extra GST Payment Date 2024 |
| 1Payment | July 5, 2024 |
| 2 Payment | October 5, 2024 |
| 3 Payment | January 5, 2024 |
| 4 Payment | April 5, 2024 |
How to Check Canada GST Payment Status August 2024?
The recipient can check their GST Credit status by visiting the CRA official portal. If the payment is delayed, then contact the CRA in such a case. Go through the under stated steps to check the status:
- Firstly, visit the CRA official portal @canada.ca.
- On the homepage look for the Canada Extra GST Credit Status.
- Click on the link.
- Fill in the essential details and tap on submit.
- The Canada Extra GST Credit Status will appear.
Frequently Asked Questions On Extra GST Payment Coming In August 2024
The eligible beneficiaries will get their next Canada Extra GST Payment 2024 on 5 October 2024.
You can check the Extra GST Credit Status through canada.ca. Complete steps are given above.
As per the latest updates, CRA hasn’t released any official notification regarding the Double GST payment 2024. They will notify it on their official site once it gets confirmed.
The eligible taxpayers of Canada are automatically entitled to the credit if they have filed their last year’s tax return.