Canada Tax Agency Issues Updated Guidance on GST/HST Credit

The Canada Revenue Agency July 4 issued updated guidance on the GST/HST credit for resident individuals and families with low or modest incomes. The guidance includes: 1) eligibility rules for the credit concerning residency, age, marital status, and dependent children; 2) application requirements, including having a social insurance number and filing a 2024 tax return; 3) credit calculation amounts for base year 2024 of up to C$533 (US$390) for singles, C$698 (US$511) for individuals who are married or have a common-law partner, and C$184 (US$134) per child under age 19; 4) the schedule for paying credits, calculated based on the ...