The enactment amends the Income Tax Act in order to double the Goods and Sales Tax/Harmonized Sales Tax (GST/HST) credit for six months. This increases the maximum GST/HST credit amounts by 50 per cent for the 2022-2023 benefit year, according to the bill.
Source Globalnews.ca
Latest Posts in "Canada"
- When Businesses Lose Small-Supplier GST/HST Exemption in Canada
- Canada’s Budget 2025 Targets GST/HST Carousel Fraud with Reverse Charge Mechanism
- GST/HST Bad Debt Deductions Denied for Strict Non-Compliance
- CRA Says Crypto Is Not “Goods” for s. 95(3)(b) Exception
- CRA Delays GST/HST Policy on Mutual Fund Trailing Commissions
