In September 2024, some people in Canada can get an extra GST (Goods and Services Tax) payment. This payment helps low and middle-income individuals or families by giving them extra money to cover the cost of taxes on goods and services. Here’s everything you need to know about who can get it, what documents you need, how to apply, and important dates.
What is the Extra GST Payment?
The extra GST payment is an additional amount the government provides to help people with low or middle incomes. Normally, people receive GST payments four times a year, but in September 2024, there will be an extra one. This payment is meant to help people deal with rising costs.
Who is Eligible for the Extra GST Payment?
To be eligible, you need to meet certain requirements:
- Income: Your household income should be below a certain amount. The exact limit depends on whether you’re single, married, or have children.
- Tax Return: You must have filed your tax return for the previous year (2023). The Canada Revenue Agency (CRA) uses this information to decide if you qualify.
- Age: You must be at least 19 years old, or if younger, be married or have a child.
| Criteria | Details |
|---|
| Income | Must have low or middle income based on 2023 tax return. |
| Age | Must be 19 years old or older, or married/have children if younger. |
| Tax Filing | Must have filed 2023 tax return with the CRA. |
Documents You Need
To apply for the extra GST payment, you don’t need to fill out a separate application. However, there are important documents you should have on hand:
- Tax Return: Make sure your 2023 tax return is submitted to the CRA.
- Personal Information: Keep your Social Insurance Number (SIN) ready for identification purposes.
How to Apply
The best part? You don’t need to submit an application. If you qualify based on your 2023 tax return, the Canada Revenue Agency (CRA) will automatically calculate your eligibility and send the payment directly to your bank account or by mail.
Important Dates to Remember
- Payment Date: The extra GST payment will be made in September 2024.
- Filing Deadline: If you haven’t already filed your 2023 tax return, make sure to do it as soon as possible. The deadline for filing was April 30, 2024, but filing late may affect your payment.
Payment Amount
The amount you’ll receive depends on your income and family size. For example:
- Singles: Individuals may receive up to a certain amount if their income is below a set limit.
- Families: Married or common-law couples, as well as families with children, may get a higher amount.
- Seniors: Seniors may also receive additional benefits, depending on their income.
| Category | Estimated Payment Amount |
|---|
| Single Individuals | Amount depends on income level. |
| Families/Couples | Higher payment depending on family income/size. |
| Seniors | Additional benefits based on income. |
Rules to Keep in Mind
- Tax Filing: Even if you didn’t earn much money, it’s important to file your tax return on time every year. This ensures that you can qualify for credits like the GST payment.
- No Application: As long as your tax return is filed, there’s no need to apply separately for this extra payment.
What is the Canada Extra GST Payment?
The Canada Extra GST Payment is an additional payment provided by the Canadian government in September 2024. It is given to help people with low and middle incomes manage their living costs by covering the tax on goods and services.
What is the deadline for filing my tax return to qualify?
The filing deadline for your 2023 tax return was April 30, 2024. If you missed it, you should file it as soon as possible, as it may delay your eligibility for the extra GST payment.
When will I receive the extra GST payment?
The extra GST payment will be issued in September 2024. You will receive the payment either through direct deposit or by mail.
