In October 2024, the Canadian government decided to give financial relief to middle-class and low-income families with the help of Additional GST(Goods & Service Tax) payment benefits. This GST benefit helps citizens to face increasing inflation and costs of living.
In this article we have mentioned the required details about October 2024 Additional GST including eligibility, documents required for application, application process, and payment dates.
Canada Additional GST Payment October 2024
The additional GST or Harmonized Sales Tax payment system is a tax-free refund relief amount that will be provided to the eligible candidates once in three months. This GST return is focused on supporting low-income families and helping them manage the increasing costs of essential goods and services.
This payment will be managed and distributed by the Canada Revenue Agency(CRA) and you will receive the payment depending on your previous tax payments. Next The Canada Additional GST is a beneficial payment that gives extra relief to Canadian citizens.To get the payment you need to qualify the eligibility criteria and important and necessary documents of filing the additional GST.
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Overview of Canada Additional GST Payment October 2024
| Criteria for Add. GST | Description |
| Payment Starts | October 5, 2024 |
| Eligibility | Age: Over 19Modest Earning Income Tax FiledFamily Income Limits |
| Documents Required | SIN(Social Insurance Number)Proof of Birth(For Children)ID ProofIncome ProofsFamily Income Proofs |
| Next Quater Payment | January 2024 |
| Official Website | Canada Revenue Agency GST/HST |
Keep these Documents Ready for Additional GST Payment
- Social Insurance Number (SIN)
A valid SIN is a must document that allows the CRA to show your income for the payment.
- Birth Certificate for Children
If you are applying for additional GST for your child it is required to submit proof of birth or adoption documents for an adopted child. If CRA has already paid the child benefits you will be not eligible for the payment.
- Income Tax Return Papers
To receive the return amount it is a must that you file for income tax in 2023. The GST or HST payment amount depends on your Tax contributed.
- Identity Proofs
To get the additional GST return amount you will need to submit the required identification proofs like verified ID proof, driving license, and government ID proof.
| Details | Information |
| Program Name | Extra GST Credit |
| Aim | Providing Financial Support to the Middle-Class Taxpayers |
| Applied in | Canada |
| Earning Potential | $519 per annum for a single $650 per annum for couple$179 for each child below 19 |
| Application System | Based on your 2023 Tax returns agency calculates the amount itself |
Eligibility for the Additional GST Payment
To avail of the benefits of the 2024 additional GST return, meet the following eligibility criteria:
| Age | Should be 19Below 19, Must have a lawful guardian |
| Resident | Canada Citizenship or a month before CRA pays |
| Income Threshold | Must meet family income Thresholds |
| What if turning 19 | The revenue agency will send your first amount on the payout date that comes after you turn 19. |
Application Process For Canada Additional GST Payment In October 2024
Follow these simple steps, if you are not getting the Canada extra GST benefits:
STEP 1: File Your Income Tax Return
To apply for the Canda GST benefits, it is must you have filed income tax in 2023. CRA will automatically count your GST credit amount with the help of this previous information.
STEP 2: Submit Additional GST Forms
If you’re a new resident in Canada and qualifying for the additional GST you need to submit these forms. If you have children you have to fill the Form RC66 or if you don’t have children you need to fill out Form RC151.
STEP 3: Ensure All Information is Updated
Always ensure, that your given personal information, including your address and bank account details is correct.
Payment dates 2024
The CRS agency of Canada generally distributes the payment on the 5th date of the quarter month.
| July 2024 | July 5, 2024 |
| October 2024 | October 5, 2024 |
| January 2024 | January 5, 2024 |
| April 2024 | April 5, 2024 |
These are the expected payment dates above. For more accurate information contact your expert financial advisor.
| Home Page | https://www.easthamptonchamber.com/ |
How to check the next payment date?: To check your payment status log in to “My Account” on the CRS portal or create an account by clicking on “sign up” to get benefits and credit payment updated schedules.
FAQs For Canada Additional GST Payment October 2024
The payment of October 2024 additional GST is likely to be distributed in the first week.
In case you forget the income tax filing last dates, you won’t receive the GST credit. File the tax as soon as possible to avail the benefits. You won’t qualify until you don’t file your tax return.
When you have been filing the tax for a long time, CRA can calculate your eligibility. You can check your GST credit eligibility status from your account login.
Riya Claire is the Editor-in-Chief of the East Hampton Chamber Portal. She holds a degree in Mass Communication, an MBA in Finance, and a diploma in HR, making her a versatile professional for an online portal