Eligible Canadians should expect GST/HST tax credit payments in their bank accounts late this week, according to the Canada Revenue Agency.
The latest instalment in the quarterly payment program is expected on Friday, the CRA’s website said.
Here’s what you need to know about the tax credit.
What is the credit?
The GST/HST credit is a non-taxable amount paid four times a year to individuals and families with low and “modest” incomes. Here’s a chart from the CRA on income levels eligible for this benefit.
The CRA said its aim is to help offset the goods and services tax and harmonized sales tax that they pay.
Am I eligible?
The CRA says an individual is eligible if they are a resident of Canada for income tax purposes at the start of the month when the CRA makes a payment.
In the month before the quarterly payments, individuals must be…
