Next Extra GST & HST Payment: The Goods and Services Tax (GST) and Harmonized Sales Tax (HST) credit is a vital financial relief program for Canadians with low or modest incomes. Administered by the Canada Revenue Agency (CRA), this program offers tax-free quarterly payments to help offset the GST or HST paid on goods and services. If you’re looking forward to the next GST/HST credit payment in 2025, here’s everything you need to know about payment dates, eligibility criteria, and application processes.
Next Extra GST & HST Payment
The GST/HST credit is an essential program providing financial support to Canadians with low to modest incomes. With the next payment scheduled for January 3, 2025, now is the time to ensure your eligibility and update any personal information with the CRA. By filing your taxes on time and understanding the program’s requirements, you can maximize your benefits and plan your finances effectively.
| Aspect | Details |
|---|---|
| Next Payment Date | January 3, 2025 |
| Eligibility | Canadian residents aged 19 or older, meeting income thresholds |
| Payment Frequency | Quarterly (January, April, July, October) |
| Maximum Annual Amount | $519 for singles; $680 for couples; $179 per child |
| Application Requirement | Automatic upon filing annual tax returns; newcomers must apply using Form RC151 |
| Official Resource | Canada Revenue Agency – GST/HST Credit |
What Is the GST/HST Credit?
The GST/HST credit is a tax-free quarterly payment designed to offset the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) for eligible Canadians. It’s particularly beneficial for individuals and families with low to modest incomes, ensuring they are not disproportionately burdened by these consumption taxes.
Introduced in 1991, this credit has evolved to reflect the cost of living and ensure greater inclusivity for diverse family situations.
2025 GST/HST Payment Dates
For the year 2025, the CRA has scheduled GST/HST credit payments on the following dates:
- January 3, 2025
- April 4, 2025
- July 4, 2025
- October 3, 2025
Payments typically occur on the 5th of the month unless it falls on a weekend or holiday, in which case the payment is made on the preceding business day. These timely payments ensure recipients can plan their monthly budgets effectively.
How Much Can You Receive?
The exact amount you receive depends on your family net income, marital status, and the number of dependent children under 19. For the payment period from July 2024 to June 2025, the maximum amounts are:
- Single individual: $519 annually
- Married or common-law partners: $680 annually
- Each child under 19: $179 annually per child
Example Calculation
For a family of four (two parents and two children), the total maximum annual GST/HST credit would be:
- $680 (couple) + $179 (child 1) + $179 (child 2) = $1,038 annually.
These payments are divided into quarterly installments, meaning this family would receive approximately $259.50 per quarter.
Eligibility for the GST/HST Credit
To qualify for the GST/HST credit, you must meet specific criteria:
1. Residency
You must be a resident of Canada for tax purposes.
2. Age
You must be at least 19 years old. If you’re under 19, you may still qualify if:
- You have (or had) a spouse or common-law partner.
- You are (or were) a parent and live (or lived) with your child.
3. Income Threshold
The credit amount decreases as your family net income increases. The CRA uses your income tax return to determine eligibility. For most recipients, the credit phases out at higher income levels, which vary by family size.
4. Tax Filing
You must file your annual income tax return to be considered for the credit, even if you have no income to report. This is a crucial step for automatic eligibility.
How to Apply for the Next Extra GST & HST Payment?
Automatic Enrollment
For most Canadians, filing your annual income tax return automatically enrolls you for the GST/HST credit. Ensure your return includes accurate details about your marital status, dependents, and residency.
For Newcomers
If you’re new to Canada, you need to apply separately using Form RC151: GST/HST Credit Application for Individuals Who Become Residents of Canada. Submit this form to the CRA along with any necessary documentation.
Keeping Your Information Up to Date
Keeping your personal and financial information current with the CRA is essential to avoid delays or incorrect payments. Update your details if:
- Your marital status changes (e.g., marriage, divorce, or separation).
- The number of children in your care changes.
- You move to a new address.
You can update your information through:
- The CRA’s My Account online portal.
- By calling the CRA directly at 1-800-387-1193.
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Frequently Asked Questions (FAQs)
1. When will I receive my next GST/HST credit payment?
The next payment is scheduled for January 3, 2025. Subsequent payments will follow in April, July, and October.
2. What if I don’t receive my payment on time?
If you don’t receive your payment within 10 business days of the scheduled date, contact the CRA to investigate.
3. Can I receive the GST/HST credit if I have no income?
Yes, as long as you meet the other eligibility criteria and file your tax return, you can receive the credit even if you have no income.
4. Are GST/HST credit payments taxable?
No, GST/HST credit payments are tax-free and do not need to be reported on your income tax return.
5. How do I calculate my GST/HST credit amount?
The CRA calculates your credit based on your family net income from the previous tax year. You can use the CRA’s GST/HST credit calculator online to estimate your amount.
How to Maximize Your Benefits?
- File Your Taxes Early:
- The CRA determines eligibility and credit amounts based on your filed tax return. File early to avoid delays.
- Claim All Dependents:
- Ensure you include all eligible children under 19 on your tax return to maximize your credit.
- Check CRA Updates:
- Regularly visit the CRA website for updates on credit amounts and payment schedules.
- Set Up Direct Deposit:
- Enroll in direct deposit to receive your payments faster and more securely.
