The federal government provides eligible Canadians with a GST/HST tax credit, with the amount of credit receivable based on family composition, size, and income. For the July 2022 through June 2023 benefit year, eligible people can receive a total annual amount of up to:
The federal government has announced that, in order to assist Canadians in meeting increased living costs, the GST/HST tax credit amount will be doubled for a six-month period. The regular GST/HST tax credit will still be issued quarterly, in January, April, July, and October. However, extra GST credit amounts will be paid to all current recipients through the existing GST credit system as a one-time, lump-sum payment before the end of the year. There is no requirement to apply, but recipients must have filed their tax return for the 2021 tax year. More information on the temporary increase in the GST/HST credit, including examples of amounts which will be payable, can be found on the Finance Canada website at Making Life More Affordable: Doubling the Goods and Services Tax Credit for Six Months – Canada.ca.