Canada Revenue Agency Government of Canada
Skip to content area (Access key: x)
Skip to side menu (Access key: y)
Français Contact us Help Search Canada Site
Home What's new E-services Site map Forms and publications
A to Z index
 
Child and family benefits
GST/HST credit
Calculation sheets
Photo

GST/HST credit - Calculation sheet for the July 2004 to June 2005 payments (2003 tax year)

Step 1 - Calculation of your GST/HST credit

  1. Enter base credit ($224):
     $ 224

  2. Enter credit for spouse or common-law partner ($224):
     

  3. Enter credit for an eligible dependant ($224):
     

  4. Calculate credit for eligible children not included in Line 3 above:
    (Eligible children not included in Line 3) × $118 =
     

Step 2 - Calculation of Additional Credit (if Line 2 above indicates zero)

Single parents will receive the full value of the additional credit as part of their core GST/HST credit. For these clients, enter $118.00 at step 2, line 2.
  1. Calculate Family Net Income over base amount:
    (Family net income) - $7,253 =
     
    If negative then result is $0.

  2. Calculate additional credit:
    • the lesser of $118 or
    • (Result of Step 2, Line 1) × 2% =
       

  3. Calculate subtotal:
    (Result of Step 1, Line 1) + (Result of Step 1, Line 2) + (Result of Step 1, Line 3) + (Result of Step 1, Line 4) + (Result of Step 2, Line 2) =
     

Step 3 - Calculation of the annual credit

  1. Calculate Family Net Income over base amount:
    (Family net income) - $29,123 =
     
    If negative then result is $0.

  2. Calculate:
    (Amount of Step 3, Line 1) × 5% =
     

  3. Calculate annual credit:
    (Result of Step 2, Line 3) - (Result of Step 3, Line 2) =
     

These amounts are approximate. Your notice of determination will show your actual entitlement for the year.
More Ways to Serve You!
Date modified:
2005-07-06 		Top of page
Top of page 		Important notices