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First GST/HST credit payment set for July 5

Darpan News Desk The Canadian Press, 04 Jul, 2024 04:37 PM

The first of four payments from the GST/HST credit is set to hit Canadians’ bank accounts on July 5.

The non-taxable credit, which is paid in four parts, is for individuals and families with low and modest incomes to help offset sales taxes they pay.

The Canada Revenue Agency says single Canadians could get up to $519 over the course of the four payments, while those who are married or have a common-law partner could get up to $680.

For each child under 19 years of age, there’s up to $179 in additional credit.

The CRA says this year’s round of payments, calculated using 2023 tax returns, will arrive on July 5 and Oct. 4, 2024 and on Jan. 3 and April 4, 2025.

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