Extra GST Payments Go Out Tomorrow To Help Those Most In Need – What To Expect

Correction Note: A previous version said tomorrow’s payment is double. It is in-fact an extra one-time payment.

The Government of Canada says to support those most affected by inflation, they are issuing an additional $2.5 billion through GST credit payments to help more than 11 million Canadian individuals and families.

“This one-time payment will double the GST credit amount eligible individuals and families receive for a 6-month period.” says the Federal Government on their website.

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

If you qualify for GST payments, the credit will automatically be deposited Friday, November 4, 2022. You don’t need to submit anything except must have filed your taxes. If you do not have auto-deposit set up, cheques will be mailed-out Friday.

You could receive a maximum extra one-time payment of up to:

If you are single

• $234 (no children)
• $387 (with 1 child)
• $467 (with 2 children)
• $548 (with 3 children)
• $628 (with 4 children)

If you are married or have a common-law partner

• $306 (no children)
• $387 (with 1 child)
• $467 (with 2 children)
• $548 (with 3 children)
• $628 (with 4 children)

The maximum credit is paid to households that had a net income under $39,826 in 2021. The credit amount decreases if your income is more.