Live election results: Trump elected 47th U.S. president
Donald Trump was elected the 47th president of the United States on Wednesday, clearing the 270 electoral votes needed to clinch the presidency.
Canadians who are eligible for a GST/HST tax credit can expect to receive their final payment of the year on Friday.
The goods and services tax/harmonized sales tax (GST/HST) credit is meant to help offset taxes paid by individuals and families with low to modest incomes.
Eligible Canadian citizens and residents can get up to $519 for the year if they are single, $680 if they are married or have a common-law partner, and an additional $179 for each child under the age of 19, according to the Canada Revenue Agency(CRA).
You are automatically considered for the GST/HST credit when you file your taxes. Eligibility depends in part on family net income and number of children, and is outlined in a CRA chartand this CTVNews.ca article.
Married parents with one child, for example, will need to make $60,000 or less to get a tax credit while a single person without children would need to make $50,000 or less.
The tax rebates are sent out quarterly in January, April, July and October. After the Oct. 4 payment, the next one is scheduled for Jan. 3, 2025.
Payments received between July 2024 and June 2025 are based on income in the 2023 tax year. Those who haven't signed up for direct deposits from the CRA may have to wait for a paper cheque.
With files from CTVNews.ca Journalist Dorcas Marfo
Donald Trump was elected the 47th president of the United States on Wednesday, clearing the 270 electoral votes needed to clinch the presidency.
Donald Trump was elected the 47th president of the United States on Wednesday, an extraordinary comeback for a former president who refused to accept defeat four years ago, sparked a violent insurrection at the U.S. Capitol, was convicted of felony charges and survived two assassination attempts.
Canadian Prime Minister Justin Trudeau congratulated Donald Trump early Wednesday morning on his second United States presidential election win.
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