Latest GST/HST Credit Payments: The first payment of Canada revenue agency benefits has been released on 3rd January 2025 as the Canada GST and HST credit payment. All the eligible tax payers canadians are able to get the benefit of GST and HST credits in 2025. So if you are also living in the Canada and regularly paying your tax without any dealing then you are also eligible to get the Quarterly payment of GST / HST.
Check this article to know the payment schedule of the Amount including the latest eligibility criteria and the payment details for different individuals according to their criteria. it will help you to get the 100% benefit of the program.
Latest GST/HST credit payment 2025
The Canada revenue agency quarterly release the GST and HST credits of the Eligible canadians in the country into 4 installment throughout the year. The third installment of the payment is scheduled on 3rd January 2025 which is the first tax rebate payment of the authority in the country. However the authority is releasing the tax rebate under this program for the annual year of 2023 which will complete on the last installment on 5th April 2025. After that the new cycle of the credits of GST and HST will start from July onwards.
How much amount canadians could receive
The amount of the goods and service tax- GST and harmonized sales tax HST Calculated according to the Annual income of the applicant which they have informed in the Tax Information. However the payment for the individual is prepared for a maximum amount of $519. However the payment for the couple applicants where the individual applicant is living with their spouse can clean the additional Amount where the maximum amount will provided approximately $680.
Applicants are able to claim the additional benefits for their under care children who are living with their family and are under 19 years where the authority will provide a maximum $179 amount for children in the family. However it is a maximum amount criteria which will be adjusted according to the income sources and the Asset limits of the applicants.
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What is the eligibility criteria to claim the payment
- The applicant should be a Canadian citizen and living in the country for last 10 or more years.
- The minimum age of the applicant should be at least 19 years old while applying for the Canada GST/HST credit payment.
- Payment will be provided according to the individuals who have submitted the tax of the annual year of 2023 without any dying or additional charges.
- The income criteria is very important for the individual to get the 100% benefit of the program where if you are earning 23600 or less than it then you will get the 100% benefit, However if any individual cross the limit of the income then they will also able to claim the payment with the partial benefits with will be adjusted according to the current income of the applicant.
- The entire family members of the family including the applicant, spouse living with the applicant and children under the age of 19 are able to get the tax rebate benefits in this program.
What is GST/ HST credits
The CRA GST/HST Credit is a tax-free quarterly payment issued by the Canada Revenue Agency (CRA) to low- and modest-income individuals and families to help offset the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) they pay. Eligibility is based on income and family size, with payments typically issued in July, October, January, and April. To receive the credit, you must file your income tax return each year.
If you are a regular tax Payer then you are not required to apply for the program and the text benefit separately but you need to check the benefits of the program While submitting the tax of the annual year so the authority will automatically release your payment in bank account directly.
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However the payment of the Canada GST and HST credits are released on 5th day of July, October, January and April, but the payment of the January 2025 is releasing earlier on 3rd January due to weekend from 4th and 5th January. In most of the case in the payment is released instantly, but if you do not receive the payment then you should check your bank statement and wait for the 10 business days before filing a complaint in the authority so they will help you to sort out your issue instantly.
