National

Payments for GST rebate boost to go out today

Darpan News Desk The Canadian Press, 04 Nov, 2022 09:51 AM

OTTAWA - Canadians who are eligible for the GST rebate can expect to receive an additional lump-sum payment as early as today.

➡️ If you already receive GST credit payments, there is no need to apply for the additional one.
➡️ If you haven’t done your 2021 taxes, we encourage you to file as soon as possible.
➡️ Didn’t receive your payment yet? Don’t worry, it can take up to 10 business days to process.
— Canada Revenue Agency (@CanRevAgency) November 4, 2022

A bill introduced by the Liberal government to temporarily double the rebate became law last month with unanimous support from opposition parties.

The NDP has long advocated for the measure to help low- and modest-income Canadians cope with the rising cost of living.

Inflation this year has reached levels not seen in four decades, with the annual inflation rate at 6.9 per cent in September.

The Canada Revenue Agency says people who are eligible for the rebate will see the payment deposited in their bank accounts today.

However, if the payment does not show up today, the CRA says people should allow up to 10 days for processing before contacting the agency.

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