CRA Confirms $496 GST/HST Credit for 2025 – The GST/HST Credit is a tax-free quarterly payment provided by the Canada Revenue Agency (CRA) to citizens with low or moderate incomes. Its objective is to provide relief to the people by returning a part of the federal tax paid on goods and services. In 2025, the credit will be available from July 2025 to June 2026 and will be calculated based on your 2024 tax return.
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Who is eligible for the GST/HST credit?
To receive this credit, you must be a resident of Canada for tax purposes and be 19 years of age or older. If you are under 19, you may still be eligible if you are married, live with a common-law partner or have a child living with you. Also, you must file a 2024 tax return, even if you have zero income. There is no need to apply separately for this credit, the CRA automatically checks eligibility.
When and how much amount will be received in 2025?
The CRA has clarified the dates for the four quarterly payments for 2025. The first installment will be paid on July 5, 2025, the second on October 4, 2025, the third on January 3, 2026 and the fourth on April 4, 2026. A maximum of $124 will be paid each quarter, which can bring the total annual amount to $496. This amount is for single individuals only. If you are married or living with children, you may receive more, depending on your household’s total income and family size.
How does the CRA determine how much you will receive?
The CRA determines the amount of the GST/HST credit based on your household net income and the number of members in your household. As income increases, the amount of this credit decreases. If your income exceeds a certain limit, you will not receive this payment. For example, a single person must have an income of less than $45,000 to receive the full benefit. For a couple without children, the limit goes up to $52,000, while a family with one or two children has an income limit of more than $65,000.
What if you don’t get a payment?
If you have filed tax returns as per your eligibility and still have not received payment, first check your payment status by going to CRA’s My Account portal. After that, make sure that your bank account information and address are entered correctly. If the money does not arrive in your account even within 10 business days of the payment date, you should contact the CRA directly. It is also very important to keep updating your personal information from time to time so that there is no interruption in any future payment.
Why is GST/HST Credit 2025 important?
In 2025, the cost of common needs is increasing due to inflation. In such a situation, GST/HST Credit emerges as a very important support for low-income Canadians. This quarterly payment helps in meeting everyday needs such as grocery, public transport, electricity-water bills and children’s needs. This credit is a tax-free support that brings stability to the budget and provides peace of mind due to getting regularly every three months.
Conclusion
The GST/HST Credit 2025 is an important scheme of the Government of Canada that provides financial relief to millions of citizens. With up to $496 in tax-free money being paid every quarter, this credit is very helpful for those who are struggling to make ends meet in this era of inflation. If you are eligible, file your tax returns on time, keep your CRA account information updated and keep track of payment dates to ensure that you receive this benefit on time.
FAQs On CRA Confirms $496 GST/HST Credit For 2025
Q. What is the GST/HST Credit in 2025?
A. It is a tax-free quarterly payment for low- and modest-income Canadians to offset federal sales tax.
Q. When are the 2025 payment dates?
A. July 5, October 4, 2025; January 3 and April 4, 2026.
Q. What is the annual maximum amount?
A. $496 for individuals; more for families.