Upcoming GST Payment Disbursement on January 5, 2024, for Eligible Canadian Taxpayers

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  • December 25, 2023

On January 5, 2024, eligible Canadian taxpayers, including residents for income tax purposes such as international students and work permit holders, will receive their quarterly HST/GST payment from the Canada Revenue Agency (CRA). This non-taxable payment, distributed four times a year, helps offset the goods and services tax and harmonized sales tax (GST/HST) paid by low- and modest-income individuals and families.

 

GST/HST Payment Eligibility:

To qualify for this credit, individuals must be considered residents of Canada for income tax purposes at the beginning of the payment month and be at least 19 years old. If under 19, eligibility can be established by being married or having a common-law partner, or by residing with a child.

Claiming GST Payment:
Even if there is no income in 2022, a tax return must be filed to claim the GST/HST credit and applicable provincial or territorial credits. Newcomers to Canada, such as foreign students, work permit holders, or permanent residents, can use specific forms to claim the credit based on their parental status.

Maximum GST/HST Payment Amount:
The maximum payment amounts for the 2022 base year (July 2023 to June 2024) are $496 for individuals, $650 for those with a common-law spouse or married, and $171 for each child under 19.

Computation of GST/HST Payment:
The CRA notifies eligible individuals in July 2023 about their qualification for the GST/HST credit based on the reviewed 2022 tax return. The notification includes details on the calculated amount, and the official CRA Child and Family Benefits Calculator can be used for estimation.

GST Payment Dates 2024:
The CRA will disburse quarterly GST/HST payments in 2024 on the following dates:January 5, 2024

  • April 5, 2024
  • July 5, 2024
  • October 4, 2024

Payments are made on the final working day before the fifth if it falls on a weekend or federal holiday.

Contacting CRA:
If payment is not received within 10 working days around the specified dates, individuals can contact the CRA at 1-800-387-1193.

January 2024 Payment Schedule:

In January 2024, Canadian taxpayers can anticipate various payments, including:

  • GST payment on January 5, 2024
  • Ontario Trillium Benefit (OTB) on January 10, 2024
  • Advanced Canada Workers Benefit (ACWB) on January 12, 2024
  • Climate Action Incentive Payment (CAIP) on January 15, 2024
  • Canada Child Benefit (CCB) on January 19, 2024
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