- Canada GST rates increased in 2024
- Businesses and consumer prices will be affected by the change
- GST rate increased from 7.2% to 9% starting January 1, 2024
- Different rates will apply for various products and needs
- Changes in GST will impact personal and commercial spaces
- New businesses must register with the updated 9% rate
- Old businesses must issue statements with updated rate for partial payments
- GST rates for different payment scenarios outlined
- GST/HST credits increased for low-income citizens
- Benefit amount increased for certain provinces
- Short-term rental rates deducted in some provinces
- GST/HST credits provided in four instalments, with deposit dates on the fifth of each instalment.
Source: incometaxgujarat.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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