Immigration News Canada highlights an important financial benefit available to all newcomers settling in Canada: the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit. This quarterly payment helps offset the cost of living and supports low-to-moderate-income households.
“Understanding and accessing benefits like the GST/HST credit is crucial for newcomers navigating the Canadian financial system,” said a spokesperson for Immigration News Canada. “These resources can make a real difference in easing the transition and establishing financial stability.”
What is the GST/HST credit?
The GST/HST is a tax-free quarterly payment to help offset the GST/HST paid on purchases. It is income-based, with higher payments going to lower-income individuals and families. Available to all Canadian residents, including new immigrants and permanent residents.
How much is the next GST payment?
For the payment from July 2023 to June 2024, you can get up to:
- $496 if you are single.
- $650 if you are married or have a common-law partner.
- $171 for each child under 19 years of age.
The Canadian Revenue Agency typically sends the GST payment on the 5th of July, October, January, and April. So, make sure you keep your personal information updated to avoid underpayments.
How do I apply?
Newcomers have two options for applying:
- With Canada Child Benefits: If you have children, complete Form RC66, Canada Child Benefits Application. This automatically applies to you for the GST/HST credit and other related benefits.
- Without Children: If you do not have children, complete Form RC151, GST/HST Credit and Canada Carbon Rebate Application for Individuals Who Become Residents of Canada.
Important Notes
- You must file an income tax return – even with no income earned – to receive the GST/HST credit.
- The Canada Revenue Agency (CRA) calculates your eligibility based on your income and family situation.
- Direct deposit ensures faster and more secure delivery of your payments.
Where to Find Help
- Canada Revenue Agency (CRA) Website: (https://www.canada.ca/en/revenue-agency/services/child-family-benefits/gsthstc-apply.html)
- Immigration News Canada: Provides dedicated resources for newcomers, including benefits guides and eligibility information.
- Settlement Agencies: Many settlement organizations offer free assistance with tax preparation and benefit applications.
Maximizing Your Benefits
Immigration News Canada encourages all newcomers to explore the full range of benefits and financial support programs available in Canada. Accessing these resources can significantly reduce financial burdens and contribute to a smoother transition to life in Canada. For more information and news regarding the GST increase payment date, follow Immigration News Canada.
Media Contact
Company Name: Immigration news Canada
Contact Person: Kamal Deep Singh
Email: Send Email
Phone: 647-853-1717
Country: Canada
Website: https://immigrationnewscanada.ca/