New Brunswickers will see HST credits this October

Eligible New Brunswickers will start getting their first HST credit payments this fall.

The government says it’s working with the Canada Revenue Agency on the payment program which it says will pump about $100 million back into the provincial economy.

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Low- and middle-income families in New Brunswick are eligible for the tax repayments.

This October, two quarterly payments will be paid covering July through December. Next year the payments will be divvied up quarterly.

The CRA will administer the payments by adding it to the federal GST/HST credit payments now received by eligible residents.

The full HST credit will be paid to those with an income of less than $35,000 a year. Individuals with an income of less than $50,000 and families with a combined income of less than $75,000 could also receive the payments.

Quarterly payments of less than $50 will be accumulated and paid annually.