New for the 2014 T1 return; Goods and services tax/Harmonized sales tax (GST/HST) credit

Tax Tips with Lana Laskovic of Armour Mountain Office Services

You no longer have to apply for the goods and services tax/harmonized sales tax (GST/HST) credit.

When you file your 2014 return, the Canada Revenue Agency (CRA) will determine your eligibility and will advise those who are eligible to receive the credit.

If you have a spouse or common-law partner, only one of you can receive the credit. The credit will be paid to the person whose return is assessed first. The amount will be the same, regardless of who (in the couple) receives it.

The GST/HST credit is a tax-free quarterly payment that helps individuals and families with low or modest incomes offset all or part of the GST or HST that they pay.

If you have any questions about your medical expenses please contact us at:  Armour Mountain Office Services, #1 – 4353 Connor Road, Barriere, B.C., V0E 1E0.  Or call 250-672-9994, or email: ambats@live.ca

 

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