Overview of GST Payment Dates, An essential component of the Canadian tax code is the Goods and Services Tax (GST). The GST credit, which was put in place to help low- and middle-income households, is given out to qualified recipients on a quarterly basis. We’ll look at the GST payment dates in Canada in this blog article to assist you know when to anticipate receiving your credit payments. We’ll also go through the fundamentals of the GST credit and how to figure out if you qualify.
What is the GST Credit (Goods and Services Tax)?
The Canadian government offers a tax-free payment known as the GST credit to help low- and middle-income people and families pay less in Goods and Services Tax on their purchases. Your income, marital status, and the number of children in your household all affect how much you get. Payments for the credit are made quarterly, usually in January, April, July, and October.
Dates for Canadian GST Payment in 2023
We’ve made a straightforward graphic for the 2023 timetable to make it easier for you to remember when to make GST payments:
| Quarter | Payment Date |
|---|---|
| January – March | April 5, 2023 |
| April – June | July 5, 2023 |
| July – September | October 5, 2023 |
| October – December | January 5, 2024 |
Please be aware that these times might change. For the most recent details on GST payment deadlines, we advise visiting the official CRA website.
If so, do you qualify for the GST Credit? You must fulfill the following requirements in order to be eligible for the GST credit:
- Be a Canadian citizen
- Have a spouse or common-law partner, be at least 19 years old, or be a parent who resides with their kid.
- Had previously submitted a tax return
Your net income and family size will determine how much of a GST credit you receive. People who don’t qualify for the GST credit often don’t have modest salaries. Use the Canada Revenue Agency’s (CRA) online GST/HST Credit Calculator to determine your eligibility for the amount of the GST credit.
As of 2021, you will not be qualified for a GST credit payment if your adjusted family net income is equal to or more than the amount shown in the table below.
Adjusted Family Net Income for GST Credit Eligibility
| Family Structure | Adjusted Family Net Income |
|---|---|
| Single person | $49,166 |
| Single parent with one child | $55,286 |
| Single parent with two children | $58,506 |
| Single parent with three children | $61,726 |
| Single parent with four children | $64,946 |
| Married/common-law couple with no children | $52,066 |
| Married/common-law couple with one child | $55,286 |
| Married/common-law couple with two children | $58,506 |
| Married/common-law couple with three children | $61,726 |
| Married/common-law couple with four children | $64,946 |
How to Make Certain You Get Your GST Payments You must: in order to get your GST payments.
- Every year, even if you earn no income, file your taxes. To ascertain your eligibility and payment amount, the CRA consults your tax return.
- Maintain the CRA’s records of your personal information, such as your residence, marital status, and the number of children you are responsible for, up to date.
- To have your payments sent straight into your bank account, enroll in direct deposit. This minimizes the possibility of misplaced or stolen checks and guarantees that you receive your payments on time.
Canadian GST Payment Dates 2023
| Quarter | Payment Date |
|---|---|
| January – March | April 5, 2023 |
| April – June | July 5, 2023 |
| July – September | October 5, 2023 |
| October – December | January 5, 2024 |