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Gst Payment Dates For 2022
The GST/HST credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset all or part of the GST or HST that they pay. The credit is based on the income tax and benefit return for the previous year. The Canada Revenue Agency (CRA) will determine if you are eligible for the credit when you file your income tax and benefit return.
For 2022, eligible recipients can expect to receive the GST/HST credit on these dates: January 5, 2022; April 5, 2022; July 5, 2022; and October 5, 2022 . The increased GST amount is expected to be paid from November 14, 2022.
The GST/HST credit is calculated based on your family net income (FNI) for the previous year. FNI is your total family income minus certain deductions. The CRA will use the information from your income tax and benefit return to calculate your FNI.
If you have a spouse or common-law partner, their information will also be used to calculate your FNI. If you have children under the age of 19, their information will also be used to calculate your FNI.
The GST/HST credit is paid quarterly. If you are eligible for the credit, you will receive it automatically. You do not need to apply for it.
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