Canadians are gearing up for a new round of Canada Revenue Agency (CRA) benefit payments in January 2025. These payments aim to provide financial relief to eligible residents, including newcomers and temporary workers, to help manage the rising cost of living.
In this article, we’ll explore the five major CRA benefit programs, their eligibility criteria, and how to apply.
Table of Contents
Canada Child Benefit (CCB)
The Canada Child Benefit (CCB) is a tax-free monthly payment designed to assist families with children under the age of 18. It helps offset the costs of raising children and provides critical financial support to families across Canada.
Eligibility
- Canadian residents, including temporary residents, must meet residency requirements.
- Temporary residents need to live in Canada for at least 18 consecutive months and hold a valid permit by the 19th month.
- Newcomers should apply after settling in Canada.
Payment Amounts
- Families can receive up to $7,786.92 annually (or $648.91 monthly) for each child under six years old.
- For children aged 6 to 17, payments can go up to $6,570 annually (or $547.50 monthly).
- Payments decrease as the Adjusted Family Net Income (AFNI) exceeds $36,502.
How to Apply
- Apply online via CRA’s My Account or by mail.
- Complete and submit Form RC66, the Canada Child Benefits Application.
Next Payment Dates
- January 20, February 19, and March 18, 2025
GST Credit
The GST Credit is a quarterly tax-free payment designed to help low- and moderate-income households manage the cost of GST and HST.
Eligibility
- Canadian residents, including temporary residents, automatically qualify by filing their taxes.
- No separate application is needed.
Payment Amounts
- Individuals can receive up to $519 annually.
- Couples can receive up to $680 annually, with an additional $179 per child under 19 years.
Next Payment Dates
- January 3, April 4, and July 5, 2025
Advanced Canada Workers Benefit (ACWB)
The ACWB provides refundable tax credits to low-income individuals and families, encouraging workforce participation.
Eligibility
- Canadian residents aged 19 or older, or those living with a spouse or child.
- Income thresholds vary by province and family size.
Payment Amounts
- Single individuals can receive up to $1,518 annually, while families may receive up to $2,616, divided into quarterly payments.
How to Apply
- Eligibility is determined when filing taxes; no separate application is required.
Next Payment Dates
- January 10, April 11, and July 12, 2025
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Canada Carbon Rebate (CCR)
Formerly known as the Climate Action Incentive Payment (CAIP), the Canada Carbon Rebate (CCR) offsets costs associated with federal pollution pricing.
Eligibility
- Residents of provinces subject to federal pollution pricing (e.g., Alberta, Saskatchewan, Manitoba, and Ontario).
- Additional amounts for residents in rural or small communities.
Payment Amounts
- Varies by province and family size. For example:
- Alberta families: Up to $1,544 annually
- Ontario families: Up to $976 annually
Next Payment Dates
- January 15, April 15, July 15, and October 15, 2025
Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit (OTB) combines three credits:
- Ontario Energy and Property Tax Credit
- Ontario Sales Tax Credit
- Northern Ontario Energy Credit
Eligibility
- Ontario residents who filed their 2023 tax return.
- Temporary residents meeting residency criteria may also qualify.
Payment Amounts
- Varies based on income and family size but can reach up to $1,013 annually.
- Beneficiaries can choose monthly payments or a lump sum.
Next Payment Date
- January 10, 2025
Eligibility for Temporary Residents and Newcomers
Temporary residents, such as international students and work permit holders, may qualify for CRA benefits if they meet specific residency and income criteria.
Steps to Apply
- Create a CRA My Account: Essential for managing benefits and tax-related tasks.
- Submit Required Forms: For instance, use Form RC66 to apply for the Canada Child Benefit.
- File Taxes: Even with no income, filing taxes is necessary to access benefits.
- Provide Proof of Residency: Use documents like rental agreements or utility bills to confirm residency.
Newcomers are encouraged to apply for benefits as soon as they meet the residency requirements to maximize financial support.
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Key CRA Benefit Payment Dates in January 2025
- January 3, 2025: GST Credit
- January 10, 2025: ACWB & Ontario Trillium Benefit
- January 15, 2025: Canada Carbon Rebate
- January 20, 2025: Canada Child Benefit
By staying informed about these CRA benefit programs, Canadians, including newcomers and temporary residents, can make the most of the financial support available to them.
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