GST Payment October 2024: The Canada Revenue Agency – CRA is set to release the GST Payment October 2024 in Canada for the taxpayers. So if you are living in Canada and paying the tax for the year 2024 then you can also claim GST Payment October 2024.
The extra GST payment from the Canadian Revenue Agency will depend on the structure of the family. So you can check the latest updates by CRA for upcoming GST Payment October 2024 in the bank account of beneficiaries.
GST Payment October 2024
Canadian citizens have to pay multiple taxes including GST/ HST and other taxes each year according to their financial cap. If you are also a taxpayer, then you also have to submit the GST tax of 2024 to the Canada Revenue Agency.
However, due to the increment in inflation in the year 2024, the government is planning to help and assist the financially needy people in the country by providing them with an extra GST rebate for the year 2024.
So eligible Canadian citizens will receive the GST Payment October 2024 and will also get additional GST rebates according to the Eligibility. Beneficiaries can get a maximum of 628 CAD as an extra GST rebate which will be provided additionally after providing the GST Payment October 2024.
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Canada Extra GST Rebate 2024
The Government of Canada has approved a new scheme for citizens of Canada to provide them financial assistance to cope with the hike in inflation with the Canada Grocery Rebate 2024. If you are a taxpayer in the country and have paid the text for the year 2024 then you are eligible to receive the GST Payment October 2024.
However, it is a one-time payment for the citizens as it is started as an emergency refund for citizens. However the country has transferred the beneficiary amount of grocery rebate 2023 in Canada, and citizens are now waiting to receive next grocery rebate 2024.
Eligibility for GST Payment October 2024
- You must be a resident of Canada for tax purposes and be at least 19 years old.
- Your total GST/HST credit for 2024 must be less than $50 per quarter.
- You need to meet specific income criteria based on your filing status and family size. For example, a single person earning less than $45,000 per year or a couple earning less than $65,000 together are eligible for the full rebate.
Amount of CRA Extra GST Rebate 2024
According to the previous schedule of Canada’s extra GST payment or grocery rebate scheme of 2023, the payment was launched on 5 July 2023. So as the government continues the scheme, beneficiaries had received the extra payment of GST on 5 July, 2024. Now the GST Payment October 2024 will be paid on 5th October, 2024.
The grocery rates are decided by the Canada Revenue Agency automatically by checking your financial cap, so you will receive the payment between 225 CAD to 628 CAD. However, the amount of payment will be decided according to the structure of family and number of children in the family.
So you can check the following table to know about the latest GST extra payment 2024:
| Family Type | Payment Amount |
| Single individuals and couples without children | $234 |
| Seniors | $255 |
| Unmarried couples | $306 |
| Singles and couples with one child | $387 |
| Singles and couples with two children | $467 |
| Singles and couples with three children | $548 |
| Singles and couples with four children | $628 |
CRA GST Schedule 2024
The GST credit for 2024 follows quarterly payment dates of July 5, 2023, October 5, 2023, January 5, 2024, and April 5, 2024. Payment amounts are contingent on adjusted family net income and the number of children under 19 as of January 1, 2023, with maximum possible amounts per quarter specified for the 2022 base year. Eligibility is automatic upon tax filing, requiring no additional applications.
To verify eligibility and payment details, individuals can access their information through their CRA My Account @https://www.canada.ca/.
Note: When the 5th falls on a Saturday, a Sunday, or a federal statutory holiday, the payment will be made on the last business day before the 5th.
FAQ’s: GST Payment October 2024
What is the GST Extra Payment Amount 2024?
The beneficiaries will receive the payment between 225 CAD to 628 CAD
What is CRA GST Payment October 2024 date?
It will be given on 4th October, 2024.
How to check CRA Extra Payment Status?
Candidates can access the CRA Official Website- https://www.canada.ca/ to check their payment status.
