Canadians Receive First GST/HST Credit Payment of 2025
The Canada Revenue Agency (CRA) has begun issuing the first GST/HST credit payments of 2025. Eligible Canadians should see payments deposited into their accounts starting Friday, January 3. These tax-free quarterly payments aim to support individuals and families with low to modest incomes by offsetting goods and services tax (GST) and harmonized sales tax (HST) expenses.
What Is the GST/HST Credit?
The GST/HST credit is a federal initiative designed to provide financial relief to eligible Canadians. Payments are automatically calculated based on tax filings, requiring no separate application for most individuals. The CRA recalculates credit amounts annually, factoring in adjusted family net income and changes to family circumstances.
Eligibility Requirements
To qualify for the GST/HST credit, individuals must meet the following conditions:
- Be at least 19 years old and a Canadian resident for tax purposes at the time of the payment.
- Under 19-year-olds may qualify if they:
- Have or had a spouse or common-law partner.
- Are a parent and live or have lived with their child.
Parents in shared custody situations may receive half the credit for each eligible child.
How Much Can You Receive?
The amount eligible Canadians receive depends on family net income and the number of children under 19. Payments for the 2023 base year are distributed between July 2024 and June 2025.
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Here are the maximum amounts:
- $519 for single individuals.
- $680 for married or common-law couples.
- $179 for each child under 19.
For example:
- A single individual earning $55,000 is not eligible.
- A couple with the same income and no children may receive $146.20.
Higher-income families or individuals exceeding set thresholds will not qualify.
Important Notes for Recipients
To ensure accurate payments, recipients should update personal information, such as:
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- Family net income changes.
- Marital status changes.
- Custody arrangements for children.
Credits are adjusted for events like a child’s 19th birthday or a recipient’s passing.
Holiday Tax Break vs GST/HST Credit
While both aim to support Canadians financially, the GST/HST credit and the holiday tax break are distinct programs.
The holiday tax break, introduced in December 2024, provides a temporary GST/HST exemption on essentials like:
- Prepared foods and snacks.
- Children’s clothing and diapers.
- Christmas trees and print newspapers.
The tax break runs until February 15, 2025.
Upcoming Payment Dates
The CRA schedules quarterly GST/HST credit payments for the first weeks of April, July, and October 2025. Eligible individuals should expect direct deposits within 10 business days.
For further details, visit the CRA’s official website or consult your tax advisor.
More…
- https://www.blogto.com/city/2025/01/canadians-getting-first-gst-credit-payment-2025-week
- https://nationalpost.com/news/gst-hst-credit-payments-canadians
- https://www.ctvnews.ca/canada/when-do-i-receive-federal-benefits-this-year-payment-dates-for-2025-1.7153893
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