First GST/HST credit payment coming July 5

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OTTAWA — The first of four payments of the GST/Harmonized Goods and Services Tax Credit is scheduled to arrive in Canadians’ bank accounts on July 5.

The non-taxable credit, which is paid in four parts, is intended for low- and modest-income individuals and families to help offset the sales taxes they pay.

The Canada Revenue Agency says single Canadians could get up to $519 over the four payments, while those who are married or have a common-law partner could get up to $680.

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For each child under age 19, there is up to $179 of additional credit.

The Canada Revenue Agency said this year’s round of payments, calculated using 2023 tax returns, will arrive on July 5 and October 4, 2024, and January 3 and April 4, 2025.

However, Canadians whose total credit is less than $50 per semester will receive the full amount this week.

To be eligible for the credit, you must be a Canadian resident for income tax purposes at the end of the previous month and at the beginning of the month in which the payment will be made, according to the Canada Revenue Agency.

You must file your 2023 tax return to get the credit, even if you didn’t earn any income last year.

You must be at least 19 years old in the month before the CRA makes the quarterly payment, with some exceptions.

The Canada Revenue Agency says other benefit payments will also come in July, such as the carbon rebate on July 15 and the child benefit on July 19.

The Canada Revenue Agency offers an online child and family benefit calculator that can help you figure out what benefits you may be able to get and how much you may be eligible for.

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