64 h. ago
Larger GST cheque being issued to eligible Canadians this week
Eligible Canadians are receiving more money from the government, with a larger GST payment scheduled to be issued this week.The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a quarterly tax-free payment issued by the Canada Revenue Agency (CRA). The previous GST payment was issued on April 4, and the next payment will be deposited into Canadians' accounts on Friday, July 4. However, the upcoming payment will include a 2.7 per cent increase.According to the government, the payment helps individuals and families with low and modest incomes offset the GST or HST that they pay.Are you eligible?You're generally considered eligible for the GST/HST credit payment if you're at least 19 years old and a Canadian resident for tax purposes a month before the CRA makes the payment and at the beginning of the month.Canadians who are under 19 years old must meet at least one of the following criteria during the same period:You have (or had) a spouse or commo...
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