Canada GST Dates 2023-2024: Payment Schedule, Amount, and Process

Updated on January 25, 2024

Explore the specifics of GST payment dates in Canada for 2023, including amounts and processes, in this article. It covers essential details related to GST payment dates, offering comprehensive information on the subject.

GST Payment Dates

Canadians with low and modest incomes benefit from quarterly GST payments, easing the overall burden of GST payments on goods and services annually. These payments, supported by the federal government and distributed by the Canada Revenue Agency, are accessible to citizens by simply filing their taxes, even if they have no income to report.

Canada GST Payment Dates 2023

Name GST Credit
Country Canada
Funded By Federal Government
Payments Issued by Canada Revenue Agency
Payment Frequency Quarterly
Maximum GST Payment 496 dollars (Single) | 650 dollars (married/having a common-law partner) | 171 dollars (for each child under 19)
Website Canada.ca

What are the Canada GST Payment Dates 2023?

GST payments are scheduled for the 5th day of July, October, January, and April.For the ongoing GST payments, the reference year is 2022, which spans the payment period from July 2023 to June 2024.

The Canada Revenue Agency (CRA) consistently provides updates on GST Credit payment dates and other crucial details. To access this information, individuals can visit the official website of the Canadian Government. The most recent GST payment for 2023 was disbursed on October 5, 2023, with the next payment set for January 5, 2024.

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Here are the GST Payments issued in 2023:

  • July 5
  • October 5

And the upcoming GST Payments for 2024:

  • January 5
  • April 5

GST Payment Delay Reasons

While GST payments adhere to a fixed schedule, the actual delivery to recipients may vary. Generally, Direct Deposits are faster compared to mailed (cheque) payments, although even direct deposits can take up to 10 days. It’s best to wait at least 10 business days before contacting the Canada Revenue Agency if someone hasn’t received their payment.

For those who opt for cheque delivery, the cheque arrives via mail, but the delivery time varies. To ensure quicker payments, citizens are encouraged to choose the Direct Deposit option, accessible through CRA My Account.

It’s worth noting that certain areas affected by wildfires may experience delays in GST Payments sent by cheque. In such cases, citizens are advised to contact Canada Post for updates and solutions to address any delivery issues.

Canada GST Apply

To qualify for the Canada GST, an individual must be a Canadian resident and at least 19 years old. In shared custody arrangements, parents may be eligible for half of the GST credit for their child.

Generally, citizens are automatically eligible for the GST credit when they file their taxes. To receive GST payments, new residents must fill out the required paperwork.

Form RC66 must be filled out by individuals who have children, and Form RC151 should be used by those who do not.

These completed forms should be sent by mail to their respective tax centers. If someone has a child and has already applied for the Canada Child Benefit (CCB), they might already be receiving the child portion of the GST Credit.

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Canada GST Amount & Process

The amount of GST is typically determined by the Adjusted Family Net Income (AFNI) and the number of eligible children (under 19 and registered for CCB & GST Credit). Based on these factors, the maximum GST Payments an individual can receive are as follows:

  • $496 if they are single
  • $650 in the event that they are wed or share joint legal status.
  • $171 for each eligible child (under 19)

 

GST Payment Single

GST Payment Married

It’s important for individuals receiving these benefits to ensure their information is current with the CRA. This helps prevent both underpayments and overpayments. Additionally, any changes in the Adjusted Family Net Income (AFNI) for the base year can impact the GST Payments starting in July.

The GST amount is subject to change due to several factors, including:

  1. When the eligible child turns 19
  2. Changes in the Adjusted Family Net Income (AFNI)
  3. Alterations in the number of eligible children in care
  4. Initiation or cessation of shared custody arrangements
  5. Changes in marital status

To ascertain the specific amounts based on AFNI, individuals can refer to the GST Credit Payment Chart available on the CRA’s website. For additional details on payment amounts and essential dates related to GST Payments, the Canadian Government’s website provides comprehensive information.

 

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