Discover the 2024 GST Credit Increase: How to Maximize Your Payments

Rate this post

Hey Hustlers! Are you ready for some good news? The GST Credit increased up to $519 for singles in 2024! Let’s dive into what this means for you.

Diverse family reviewing financial documents with Canadian currency at kitchen table, Canadian flag and growth chart in background.
A family reviews financial documents, highlighting the increase in GST Credit Payments for 2024 with visible Canadian currency.


The GST/HST credit has increased to $519 for singles, $680 for couples, and $179 for each child under 19 for the period from July 2024 to June 2025. Payments are made quarterly, and eligibility is based on income and family size. This increase helps offset the cost of GST and HST on purchases.

Overview of the GST Credit

The GST/HST credit is a tax-free quarterly payment designed to help low- and modest-income individuals and families offset the GST/HST they pay. For 2024, the credit has seen a notable increase due to inflation adjustments.

Eligibility Requirements

To be eligible for the GST credit, you must meet the following criteria:

  • Be a Canadian resident for income tax purposes.
  • Be at least 19 years old, or have (or had) a spouse or common-law partner, or be (or previously was) a parent and lived with your child.
  • Meet the income thresholds based on your family size.

Here are the income thresholds for eligibility:

Number of ChildrenSingleMarried/Common-law

How to Apply for GST Credit

Applying for the GST credit is straightforward. You don’t need to apply separately if you file your annual income tax return. The CRA will automatically determine your eligibility based on your tax return information.

GST/HST Credit Payment Amounts

For the period from July 2024 to June 2025, the credit amounts are:

  • $519 for singles.
  • $680 for couples.
  • $179 for each child under 19.

These payments help cover the cost of GST and HST on purchases.

GST/HST Credit Payments Chart (Effective July 2024 – June 2025)


Income LevelCredit Amount
Up to $54,704$519
$54,705 to $57,924Reduced amount


Income LevelCredit Amount
Up to $57,924$680
$57,925 to $72,244Reduced amount

GST Credit Payment Dates for 2024

Payments are issued quarterly on the following dates:

  • January 5, 2024
  • April 5, 2024
  • July 5, 2024
  • October 5, 2024

Reasons for Recalculation of GST/HST Credit

The CRA may recalculate your credit if:

  • Your marital status changes.
  • Your number of eligible children changes.
  • Your family net income changes due to a reassessment of your tax return.

Other Benefits Combined with GST/HST Credit

Several provincial credits can be combined with the GST/HST credit, including:

  • Ontario Sales Tax Credit
  • BC Climate Action Tax Credit
  • Nova Scotia Affordable Living Tax Credit

For more details, visit the official CRA GST/HST credit page.


  1. What is the GST/HST credit? The GST/HST credit is a tax-free payment to help individuals and families offset the cost of GST and HST.
  2. How do I qualify for the GST/HST credit? You must be a Canadian resident, meet age or family criteria, and have a qualifying income level.
  3. Do I need to apply for the GST/HST credit? No, it’s automatically assessed when you file your income tax return.
  4. When are GST/HST payments made? Payments are made quarterly in January, April, July, and October.
  5. What if my income changes during the year? The CRA will recalculate your credit based on reassessed income or changes in family circumstances.
  6. How do I update my personal information with the CRA? You can update your information through the CRA’s My Account service online.
  7. Can I receive other benefits along with the GST/HST credit? Yes, you may qualify for other provincial benefits, which can be combined with the GST/HST credit.

For further details, check the GST/HST credit information.

For more updates and detailed guides, visit HustleHub.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.