GST Dates – When Will I Receive My GST Rebate?

Canadian money to highlight GST dates and when will I receive my GST rebate.

When are the GST dates to receive the rebate cheque? For many this is an important question as this helps cover some extras that they need especially during these times. How do I get a GST rebate and when does it come?

GST Dates – How Do I receive a GST Rebate?

The Government of Canada’s Website, that the amount you receive is base on the following below:

  • your family net income
    • If you’re single, the amount from line 23600 of your income tax return, or the amount that it would be if you completed one
    • If you have a spouse or common-law partner, your net incomes are combined to get your family net income
  • the number of children under 19 years old that you have registered for the Canada child benefit and the GST/HST credit

The key is that you have to file a tax return to be eligible to receive the rebate. Once you file a tax return, CRA calculates if you are eligible for a GST rebate or not.

When Will I Receive a GST Rebate and How Much?

The Government of Canada’s website states that base on your 2020 tax return, GST payments for the 2021 year will be made on July 5, 2021, October 5, 2021, January 5, 2022 and April 5, 2022. The key here is that you have to had filed your 2020 tax return to be eligible.

Regarding payments, the government’s website states that the amount that someone can get in rebate payments base on the 2020 tax year are as follows:

  • $456 if you are single
  • $598 if you are married or have a common-law partner
  • $157 for each child under the age of 19

Conclusion

If you have filed your 2020 return and if you qualify, you should be receiving a GST cheque anytime. If you have not file your 2020 return, then this would be delayed. Not everyone receives a GST cheque as the key component is income and the more income you have, the less chance you will get a payment. However, there are other factors such as marital status and children under 19 years old. The key is to file your return and let CRA calculate it. This rebate might not seem much but for many, it is a pleasant surprise to receive and in these times, every little bit helps.

When is the Deadline for Filing for 2020 Tax Year?

A calculator to use to help you know when to file for 2020 tax year.

When is the deadline for filing taxes this year for 2020? It is a good question because with the pandemic still ranging on, many Canadians are not sure. Last year, the deadline was extended but what about this year? Here are some dates that you need to know.

When is the Deadline for Filing for 2020 Tax Year? Individuals

If you go to the government of Canada’s website, the deadline for individuals this year is April 30, 2021. Also, if you are going to owe any amount in taxes for the year 2020, the due date for payment is also April 30, 2021. If you do not pay any amounts owing by this date, you could incur a late filing fee and interest on the amount owing.

Deadline For Self Employed Individuals and their Cohabiting Spouse or Common Law Partner

The government of Canada website indicated that the deadline for self employed individuals, spouses, or common law partners is June 15, 2021. However, the deadline for any amount owing in taxes for these ones is April 30, 2021. If taxes owing are not paid by then, you could incur a late filing fee and interest on amount owing.

Deadline to File a Deceased Person’s Return

The government of Canada’s website says that if a person died between January 1, 2020 and October 31, 2020, the deadline to file the deceased person’s return is April 30, 2021. And the deadline to pay any tax owing on the deceased person’s return is also April 30, 2021.

If the person died after October 31, 2020 and before May 1, 2021, then the deadline to file the deceased person’s return is six months after date of individual’s death. The deadline for taxes owing on deceased person’s return is also six months after individual’s death. However, the surviving cohabitating spouse or common law would still have to pay any tax owing on their returns by April 30, 2021.

Deadline for Corporations

The deadline for for corporations is six months after the end of the corporation’s tax year.

When is the Deadline for Filing Taxes for 2020 Tax Year? Conclusion

Tax season is upon us but it looks like dates of filing are back to the status quo. However, it is good to know that because many might think differently due to the pandemic. But it is always good to check because no one wants to pay any extra interest or late filing fees. Stay safe out there.