How the Canada GST/HST tax credit works + MORE Aug 5th

All about Canadian investments. Learn the ins and outs and get the latest news.
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For many working-class Canadians, rising costs make every dollar count. That’s where the GST/HST credit comes in. This credit is meant to support individuals and families with lower or modest incomes. If you qualify, you’ll receive payments from the Canada Revenue Agency (CRA) every three months.

What is the GST/HST tax credit?

The GST/HST credit is a tax-free payment issued by the Canada Revenue Agency (CRA) to help reduce the financial burden of GST and HST on qualifying Canadians. Payments are made four times a year and are based on your family’s net income from the previous tax year. 

You don’t have to apply for the GST/HST credit each year. When you file your income tax return, the CRA automatically reviews your information to determine whether you’re eligible. If you qualify, the payments are deposited quarterly.

Remember: You don’t need to include these payments on your tax return—they’re not considered taxable income and won’t affect any other benefits you receive…

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SEOUL, South Korea (AP) — The wife of South Korea’s ousted former President Yoon Suk Yeol appeared for questioning by a special prosecutor Wednesday, as investigators expanded a probe into suspicions of stock manipulation, bribery, and interference in party nominations.

Continue Reading On thestar.com »

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