Canada is replacing the GST/HST credit with a new benefit
The federal government will deliver $3.1 billion in immediate assistance as the new benefit replaces the GST/HST credit and boosts payments for more than 12 million Canadians.
- On Friday, the Canada Revenue Agency will issue a one-time Canada Groceries and Essentials Benefit top-up to more than 12 million eligible Canadians, with payments reaching up to $717.
- The Department of Finance funded this $3.1 billion assistance package under Bill C-19, the Essentials Benefit Act, which replaces the GST credit to provide immediate relief.
- Eligible individuals must have filed their 2024 tax returns to receive the payment; the CRA will distribute funds via direct deposit or mailed cheque.
- Starting in July, Bill C-19 will increase future quarterly payments by 25 per cent for five years, boosting the Essentials Benefit and expanding coverage to additional families.
- Statistics Canada reports real GDP fell 0.1 per cent in the first quarter, signaling a technical recession as annual inflation rose to 2.8 per cent in April.
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One-time Canada Groceries Benefit GST/HST Payment Coming June 5: Are You Eligible?
More than 12 million Canadians will receive the GST/HST credit top-up tied to the new Canada Groceries and Essentials Benefit on June 5. Find out if you qualify and how much you'll get.
TVA Nouvelles
24heures.caIt is this week that the supplements to certain tax credits announced by Quebec and Ottawa in recent months will be paid.
One-Time GST Payment Coming This Week Ahead of Grocery Benefit Launch
Eligible Canadians will receive extra money in their bank accounts this week as Ottawa rolls out its one-time GST top-up before the program changes to a grocery benefit next month. The Canada Groceries and Essentials Benefit (CGEB) will replace and increase the financial aid offered to families and individuals through the Goods and Services Tax (GST) rebate, Prime Minister Mark Carney announced in January. The benefit boost begins with a one-tim…
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