The first GST/HST payment of 2025 is scheduled to be deposited into the accounts of eligible Canadians tomorrow, marking the start of a new year of government support for lower-income individuals and families. These quarterly payments aim to provide financial relief for households facing rising costs of living.
In addition to the GST/HST credit, Canadians can also look forward to receiving other government benefits this month, including the Carbon Tax Rebate. Here’s everything you need to know about these payments and how much you might receive.
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GST/HST Payment Breakdown
The GST/HST credit is issued quarterly, with payments arriving in January, April, July, and October. The benefit amount varies based on your family’s net income and household size. Here’s the breakdown for 2025:
- Single Individuals: Eligible individuals can receive up to $306 annually.
- Couples: Couples can receive a combined maximum of $612 annually, plus additional amounts for each child.
- For Each Child: Families will receive $161 per child under the age of 18.
The payment tomorrow reflects one-quarter of the annual entitlement. For example:
- A single individual receiving the maximum credit will get $76.50.
- A family of four (two parents, two children) receiving the maximum credit will get $153.
If you are unsure of your eligibility or amount, check your CRA account for specific details.
GST/HST Credit Payments for January 2025
What Is the GST Tax Credit in Canada
How Much is the Next GST/HST Payment in 2025?
Who Will Get the $250 GST Rebate in 2025?
GST Payment Dates 2025: Updated Details on Amounts and Income Threshold
Carbon Tax Rebate Also Coming Soon
In addition to the GST/HST credit, eligible Canadians will also receive the federal Carbon Tax Rebate later this month. Scheduled for January 15, the rebate aims to offset the financial burden of the carbon tax. Here’s the breakdown of the payment amounts:
- Single Individuals: $149
- Family of Four: $298
- Rural Top-Up: Higher amounts apply for those living in eligible rural areas.
The Carbon Tax Rebate is designed to mitigate the impact of the federal carbon tax, which funds environmental initiatives but has led to increased costs for consumers, particularly in fuel prices.
What’s New in 2025?
1. Carbon Tax Increase:
While the Carbon Tax Rebate offers relief, Canadians will see an increase in the federal carbon tax beginning April 1. The hike will raise gas prices by an additional 3 cents per litre, putting more pressure on household budgets.
2. CPP Premiums:
Starting this month, Canadians will also notice an increase in Canada Pension Plan (CPP) premiums deducted from their paycheques. This change is part of the federal government’s phased approach to strengthening retirement benefits for workers, but it will slightly reduce take-home pay in the short term.
CPP Premium Changes for 2025: What Every Canadian Should Know
How to Maximize Your Benefits
- File Your Taxes: Ensure you file your taxes annually, even if you have no income to report, as the GST/HST credit is calculated based on your previous year’s tax return.
- Check CRA Accounts: Log in to your CRA My Account to confirm your eligibility, payment amounts, and direct deposit status.
- Update Information: Notify the CRA of any changes in your marital status, address, or number of dependents to ensure your benefits are accurately calculated.
Final Thoughts
January’s GST/HST credit and Carbon Tax Rebate provide critical financial relief for many Canadians, especially those struggling with rising costs. By understanding how these payments work and planning for upcoming tax changes, households can better navigate their budgets in 2025.
Be sure to check your bank account tomorrow for the GST/HST payment and again on January 15 for the Carbon Tax Rebate!
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