Who will receive the spring GST credit extra payment and how much could it be?

Current GST credit recipients will receive it automatically. The top-up equals 50% of your annual GST credit, on top of a five-year 25% increase to the base benefit. In 2026, a family of four could receive up to C$1,890 in combined support, depending on income, family size, and eligibility.

Do I need to apply for the one-time GST payment?

No. If you are eligible for the GST credit, the CRA will issue the top-up automatically using your latest return. Ensure your tax filing is up to date and your direct deposit and address details in CRA My Account are correct to avoid delays or misdirected payments.

When will the GST credit extra payment arrive?

The government plans a spring disbursement, delivered the same way you usually receive the GST credit, by direct deposit or cheque. Exact timing depends on CRA processing and your banking setup. Filing early and keeping your information current reduces the chance of delays in receiving the payment.

How could this policy affect inflation and interest rates?

The payment and five-year increase may add small, short-lived support to spending, with limited inflation impact. The Bank of Canada will weigh this against broader data. If inflation cools, cuts can proceed. If spending proves stronger, the Bank may reduce the pace or spacing of rate cuts.

Global Market Insights

Canada GST Credit February 14: One-Time Spring Top-Up Approved

ByHuzaifa Zahoor February 15, 2026February 15, 2026

The GST credit extra payment is now locked in after Ottawa fast-tracked Bill C-19 on February 14. The package adds a one-time spring top-up equal to 50% of the annual GST credit and raises the GST credit by 25% for five years. More than 12 million low-income Canadians will benefit, with a family of four eligible for up to C$1,890 in 2026. For investors, this C$12.4 billion six-year boost could support retail demand while shaping Bank of Canada rate expectations.