Don’t be surprised if you see a little extra money in your bank account, as another round of GST/HST credit payments goes out today. The quarterly, non-taxable payment is meant to offset GST or HST costs for people with low and modest incomes and most Canadians are assessed for the credit when they file their taxes. The CRA typically sends out the payments within the first week of January, April, July and October.
This round overlaps with the federal government’s tax holiday which runs until Feb. 15th but those eligible still get it.
Written by: L. Dickson