In 2024, you will receive an extra GST payment if you’re a regular taxpayer in Canada. The Canada Extra GST Payment depends on many factors which you can find in this article below. The Canada Revenue Agency (CRA) is all set to provide these payments to the eligible Canadians taxpayers who has filed income tax returns. It works as a financial support to them and reduce the tax burden for low-moderate-income families.
Many Canadians are eyeing forward to avail this Canada Extra GST Payment. If you want to know more about the Extra GST in 2024, Canada GST Payment Amount 2024, Dates and Eligibility. Then you can scroll down below to get further details about this payment.
Canada Extra GST Payment 2024
The entitled income taxpayers of Canada will get GST payment by the Canada Revenue Agency (CRA). Citizens who have filed income tax return this year will get the payment from CRA. After qualifying certain requirements, on that basis they will get the payment. Along with this the eligible taxpayers of Canada are also going to get extra GST payments in 2024. Their aim is to support low-income taxpayers. This payment will directly deposit into your bank account. If you’re a child below aged 19 then through this process you can get some extra payments. Filing status and annual income decides these payments.
Single individual will receive nearly about $496 financial assistance and married, or common-law partner’s joint filers will get $650 from Canada Revenue Agency (CRA). They will get these payments regularly depending upon their filing status and annual income.
The New Extra GST Payment Canada 2024 given to the eligible taxpayer. It aims in providing financial help to the low-income families and individuals who genuinely need it. To get the benefit on time the beneficiary needs to update the details on time.
Canada Extra GST Payment 2024- Overview
| Payment name | Canada Extra GST Payment |
| Department | Canada Revenue Agency (CRA) |
| Country | Canada |
| Beneficiary | Eligible taxpayers of Canada |
| Category | Government Aid |
| Canada Extra Payment Date 2024 | January, April, July & October |
| Post Type | Financial Aid |
| Official Website | www.canada.ca |
What is Extra GST in Canada for 2024?
In 2024, the Canada citizen who belong to lower income group will receive Canada Extra GST payment. You will get this payment only when you have filed for the return. After that the government gives you tax refund. Thus, you are required to pay income tax annually. These payments are mainly given on top of GST or HST, which the people pay when they purchase goods and services. These payments are provided thru Canada Revenue Agency.
The federal government has increased the GST rate to 9% from this January 2024. Several taxes are levied by the government including GST tax. In order to receive the exemption from this tax the claimant is required to file their GST returns.
Canada GST Payment Amount 2024
To qualify for this benefit, the refund amount depends on various factors such as your annual net income, if you have a spouse or common-law partner then your partner’s income, and if you are availing for Canada Child Benefit.
You can check the table below to get an idea on how much payment you will receive from CRA:
| PARTICULAR | GST REFUND AMOUNT 2024 |
| For Individual | $496 |
| For Married or Common-law partner | $650 |
| Children aged below 19 years old | $171 |
Extra GST Payment Dates 2024
If you have applied for this refund, then you can expect the payment on below mentioned dates. Every year the payment dates remain same, which is given 4 times in a year to the eligible taxpayers. To know more about Canada Extra Payment Date 2024 read the section below.
| TIMES | Canada Extra Payment Date 2024 |
| 1 | 5th January 2024 |
| 2 | 5th April 2024 |
| 3 | 5th July 2024 |
| 4 | 4th October 2024 |
Canada GST Eligibility 2024
Only Eligible taxpayers can avail this Canada Extra GST Payment 2024. If they fulfil the following criteria then they are eligible for it. In order to receive this refund, the beneficiary need to file the tax return on time, only then they will get it. If you want to know if you are eligible for it or not, then check the below mentioned details:
- Must be a permanent resident of Canada.
- You should have filed for the income tax and benefits last year.
- The net income should be below some certain limits, which differs on marital status and family size.
- Correct income information should be given in tax return in order to get accurate GST credit.
- You must be 19 years old.
- If you are aged below 19 then you need to meet any one of the following conditions in the same period:
- Have a spouse or common-law partner
- You are a parent & live or lived with your child
Document Requirement To Claim Canada Extra GST Payment 2024
To apply for this payment, you need to attach the required documents which are stated under in order to get the Canada Extra GST Payments. Also, no need to apply for it over if you have previously applied.
Required Documents:
- Passport
- Birth Certificate
- Social Insurance Number (SIN)
- Documents in which your spouse or common-law partner id is showing.
- Documents issued by immigrants, refugees and residents of Canada.
- Visitor Record, etc.
What Is Canada Extra Goods and Services Tax (GST)?
The Canada Extra GST has been a great effort for the Canadians by giving them additional financial assistance on the basis of their income tax returns. Depending upon individual’s net income and number of dependents, the Canada GST Payment Amount 2024 varies. The individual just needs to file the annual income tax and benefit return before the due date to avail the benefit. They will get this payment on the tax year that is from July to July and not the calendar year. Also, if you have opted for direct deposit then you will get this payment directly in your bank account from CRA on the payment date.
She is a final-year student studying Finance and Business Administration at Simon Fraser University. Writing and conducting internet research on finance are her passions.