Your GST/HST Credit Payment Is Coming Soon – Here’s What You Need to Know
Hey everyone, great news for those who qualify for the GST/HST Credit – a fresh round of payments is rolling out on April 4, 2025! If you’re a lower or modest-income Canadian, this is a little extra cash that could make a real difference in managing everyday expenses. Let’s break it all down so you know exactly what to expect, how much you’ll get, and whether you qualify.
The GST/HST Credit is a government benefit designed to help offset the cost of sales taxes on goods and services. It’s issued every three months, and the best part? It’s tax-free. That means you don’t need to worry about it affecting any other benefits or having to report it as income when filing your taxes.
Now, how do you know if you qualify? It’s simple: If you’re a resident of Canada for tax purposes, at least 19 years old, or younger but with a spouse, common-law partner, or child, you’re likely eligible. However, the amount you receive depends on your household income and family size. For example, individuals who earned more than $54,704 in 2023 won’t qualify, and for families with four or more children, the income cut-off is $72,244.
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Wondering how much you’ll get? The current payment structure provides up to $129.75 per individual, with an additional $40.25 if you have a spouse or common-law partner. Plus, you’ll receive $44.75 per child – or $129.75 for the first child if you’re a single parent. Some provinces even offer extra credits on top of this federal amount, so your total could be even higher.
The best part? You don’t even have to apply for it! As long as you’ve filed your taxes, the Canada Revenue Agency (CRA) will automatically assess your eligibility and deposit the amount into your bank account. If you’re a newcomer to Canada, you’ll need to fill out Form RC151 to register, and parents applying on behalf of their children must submit additional documents.
Now, mark your calendars! The next GST/HST Credit payment will be deposited on April 4, 2025. If you miss it or don’t see the funds in your account, don’t panic. The CRA suggests waiting a few days for processing, but you can always check with them if you think something is off. The remaining payments for the year will arrive in July and October.
One last exciting update – the GST/HST Credit amounts are expected to rise in July 2025 when the new benefit cycle begins. So, even if your payment this quarter is modest, there’s a boost coming soon!
That’s all for now! Keep an eye on your account, and if you think you qualify but haven’t received anything, double-check that your tax return is filed. Financial relief is on the way!
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