The Prime Minister of Canada took to Twitter on Monday to make an announcement that will affect 11 million households.
According to Trudeau for the next six months, Canadians will be seeing some relief when it comes to paying the bills.
To help you pay the bills, we’re doubling the GST Tax Credit for 6 months for 11 million households. Single Canadians without kids will get up to $234 more, couples with two kids will get up to $467 more, and seniors will get $225 more on average. Payments start going out Friday.— Justin Trudeau (@JustinTrudeau) October 31, 2022
The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay.
Those that have auto-deposit will see start to see payments on Friday while those that have cheques will be sent out on Friday.
You are automatically considered for the GST/HST credit when you file your taxes.
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