The Canada Revenue Agency (CRA) has officially released the first GST/HST credit payment for 2025 on January 3rd. This quarterly benefit is designed to support low- and modest-income Canadians by helping them offset the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) they pay. If you’re a Canadian taxpayer and meet the eligibility criteria, you can take advantage of these tax-free credits. Let’s look into the payment schedule, eligibility, and benefits for 2025.
Schedule
The GST/HST credit is distributed quarterly to eligible Canadians. For the 2025 payment cycle, here’s the timeline:
| Payment Period | Release Date |
|---|---|
| July 2024 | July 5, 2024 |
| October 2024 | October 5, 2024 |
| January 2025 | January 3, 2025 |
| April 2025 | April 5, 2025 |
The January payment was released earlier due to the weekend falling on January 4th and 5th. Payments are usually processed instantly, but if you haven’t received yours, check your bank account and allow up to 10 business days before contacting CRA.
Amount
The amount you receive depends on your income, family size, and other factors. Here’s a breakdown:
| Recipient Type | Maximum Annual Amount |
|---|---|
| Individual | $519 |
| Couple (combined) | $680 |
| Per child (under 19 years) | $179 |
The payments are adjusted based on your reported income from the previous tax year. For families with children, additional credits are provided for dependents under 19 years old.
Eligibility
To qualify for the GST/HST credit in 2025, you must meet these criteria:
- Residency: You must be a Canadian citizen and have lived in the country for at least 10 years.
- Age: You must be at least 19 years old.
- Income: You should have an annual income of $23,600 or less to receive the full benefit. Those earning more can still receive partial benefits, adjusted according to their income.
- Tax Filing: Ensure you’ve filed your 2023 income tax return without delays or penalties.
Family members, including a spouse and dependents under 19, are included in the benefits, making it essential to declare all family members in your tax return.
GST/HST Credits
The GST/HST credit is a tax-free quarterly benefit issued by the CRA. It aims to offset the taxes Canadians pay on goods and services. The amount is calculated based on income and family size and is automatically credited to eligible taxpayers who have filed their returns.
Key points to remember:
- Filing your annual tax return is essential to receive payments.
- No separate application is needed if you’re already a regular taxpayer.
- Payments are issued directly to your bank account.
Missed Payments
If you haven’t received your payment, here’s what to do:
- Check your bank account.
- Wait 10 business days.
- Contact CRA if the payment is still missing.
The CRA ensures timely disbursement, but delays can occasionally occur due to processing or banking issues.
This program is an excellent initiative to help Canadians manage their expenses and lighten the tax burden. If you meet the criteria, ensure your information is up to date and your tax returns are filed to receive the full benefit.
FAQs
When is the next GST/HST payment?
The next payment is scheduled for April 5, 2025.
How much can I receive as an individual?
The maximum annual amount is $519.
Can families with children get extra benefits?
Yes, up to $179 per child under 19.
What is the income limit for full benefits?
You must earn $23,600 or less annually.
Do I need to apply for GST/HST credits?
No, filing your tax return is enough.
