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    GST credit payments to land in Canadians’ bank accounts soon

    Eligible Canadians can expect to see the GST credit payment in their bank accounts this week. The Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a tax-free quarterly payment. According to the government, the credit’s goal is to help families with low and modest incomes offset the taxes they pay. If you’re eligible, you’ll receive the GST/HST credit payment on Friday, Oct. 3. Who’s eligible for the GST/HST payment? Canadians are generally eligible for the payment if they’re at least 19 years old and a Canadian resident for income tax purposes a month before the Canada Revenue Agency (CRA) makes the payment, and at the beginning of the month. If you are under 19 years old, the government says you must meet at least one of the following conditions during the same period: You have (or had) a spouse or common-law partner You are (or were) a parent and live (or lived) with your child Parents in a shared custody situation may be eligible for half of the credit for that child, according to the government. Your eligibility depends on your family’s net income. How much could you get? GST/HST credit payments increased in July, when the new benefit year began. Based on the 2.7 per cent increase, you could get up to: $533 if you are single $698 if you are married or have a common-law partner $183 for each child under the age of 19 In most cases, you don’t need to apply for the credit because you’re automatically considered for it when you file your taxes. In 2022, Ottawa doubled the GST credit for six months during the height of inflation. There are other ways you could get more money from the government in October. From the Canada Child Benefit to the Canada Pension Plan, check out the full list of benefits and credits.