October GST/HST Payment on 4th: Extra Amount Coming, Check Eligibility Requirements

October GST/HST Payment on 4th: As Canadian families gear up for the upcoming quarterly GST/HST payment, there’s good news—an extra amount is scheduled to be disbursed in October 2024. This tax-free credit, provided by the Canada Revenue Agency (CRA), is designed to help low- and moderate-income individuals and families offset the goods and services tax (GST) and harmonized sales tax (HST) they pay on everyday purchases.

In October 2024, eligible recipients can expect a little extra in their payments, offering some financial relief as the cost of living continues to rise. Here’s a breakdown of what you need to know, including how much you can expect, eligibility requirements, and how to check if you qualify.

The October 2024 GST/HST payment is an excellent opportunity for eligible Canadians to receive additional financial support. With the extra payment being added this quarter, it’s essential to ensure you meet the eligibility criteria by having your 2023 taxes filed on time and meeting the CRA’s income thresholds. If you’re unsure about your status, checking your My CRA Account or visiting Canada.ca will provide the necessary details.

October GST/HST Payment on 4th

What is the GST/HST Credit?

The GST/HST credit is a quarterly tax-free benefit aimed at helping individuals and families with modest incomes offset the GST/HST they pay throughout the year. The credit is disbursed by the CRA, and you don’t need to apply separately for it—simply filing your taxes on time automatically registers you for this benefit.

In October 2024, there is an additional payment coming alongside the regular GST/HST credit, offering more financial support during challenging times. This extra amount is part of the government’s effort to help low- and moderate-income Canadians cope with rising living costs.

Who Is Eligible for the October GST/HST Payment?

To receive the GST/HST credit and the extra payment, you must meet the following eligibility requirements:

1. Canadian Residency: You must be a Canadian resident for income tax purposes, both a month before the payment date and at the start of the payment month.
2. Age: You must be at least 19 years old. If under 19, you can still qualify if you have a spouse or common-law partner, or if you are a parent and live with your child.
3. Income: Your family’s adjusted net income must fall below the income thresholds established by the CRA, which vary depending on family size and structure. For example:
   • Individuals earning less than the set threshold will be eligible for the full amount.
   • Families or couples can also qualify if their combined income meets the criteria.
4. Tax Filing: You must have filed your 2023 income tax return. The CRA uses this information to determine eligibility and calculate the amount you will receive.

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How Much Can You Expect?

The amount you receive through the GST/HST credit, including the extra payment, depends on your income and family situation. Here’s a breakdown of the standard payment amounts for 2024:

• Singles: Up to $519 annually
• Married or Common-law Couples: Up to $680
• For Each Child under the age of 19: An additional $179 per child

For October 2024, those who qualify for the extra GST/HST payment can expect a top-up to their usual amounts, though the specific extra amounts will depend on individual circumstances. The CRA will automatically calculate and distribute this additional amount based on your tax return information​.

How to Check Your Eligibility

1. Check Your My CRA Account: Log in to your CRA account to view your eligibility status, payment amounts, and scheduled payment dates.
2. Visit the CRA Website: For detailed information, eligibility calculators, and official updates, the Canada.ca website is your go-to resource.
3. Contact CRA: If you are unsure about your eligibility or have questions, you can contact the CRA for assistance.

Frequently Asked Questions (FAQs)

1. Do I need to apply for the GST/HST credit?

No, there is no separate application process. As long as you file your annual tax return, the CRA will assess your eligibility automatically.

2. When is the next payment date for the GST/HST credit?

The next payment will be made on October 4, 2024. The CRA typically issues these payments in January, April, July, and October each year.

3. How do I receive my payment?

The payment will be deposited directly into your bank account if you’ve set up direct deposit with the CRA. Otherwise, you will receive a cheque by mail.

4. What is the income limit for the GST/HST credit?

The income limit varies depending on your family situation and the number of children. Generally, individuals with an income below approximately $50,000 and families with combined incomes below certain thresholds will qualify for the full payment​(

5. What happens if I don’t receive my payment on time?

If your payment is delayed, the CRA advises waiting up to 10 business days before contacting them. You can check your payment status through your My CRA Account.