Canadians, including newcomers and temporary residents, can expect a fresh round of payments from the Canada Revenue Agency (CRA) beginning in January 2025. These payments are designed to assist individuals and families in managing rising living costs.
The government has introduced five essential benefit programs, and understanding eligibility and application processes is crucial for accessing these supports.
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Canada Child Benefit (CCB)
The Canada Child Benefit (CCB) provides monthly, tax-free payments to families with children under 18 years old. This benefit helps cover the costs of raising children and is available to Canadian residents, including temporary residents who meet specific criteria.
Eligibility:
- Temporary residents must have lived in Canada for at least 18 consecutive months with a valid permit during the 19th month.
- Newcomers must apply after settling in Canada.
Payment Details:
- Families can receive up to $7,786.92 annually for children under six and $6,570 annually for children aged 6-17.
- Payment amounts decrease as family income exceeds $36,502.
How to Apply:
- Newcomers can apply online or by mail using Form RC66.
Upcoming Payment Dates:
- January 20, February 19, and March 18, 2025.
GST/HST Credit
The GST/HST credit supports low- and moderate-income households by offsetting the Goods and Services Tax (GST) and Harmonized Sales Tax (HST). Canadian residents, including temporary residents, are automatically eligible when they file their taxes.
Payment Details:
- Individuals: Up to $519 annually
- Couples: Up to $680 annually
- Additional $179 for each child under 19
Upcoming Payment Dates:
- January 3, April 4, and July 5, 2025.
Advanced Canada Workers Benefit (ACWB)
The Advanced Canada Workers Benefit (ACWB) is a refundable tax credit aimed at encouraging workforce participation among low-income individuals and families.
Eligibility:
- Residency and income thresholds vary by province and family size.
Payment Details:
- Individuals: Up to $1,518 annually
- Families: Up to $2,616 annually, paid quarterly
Upcoming Payment Dates:
- January 10, April 11, and July 12, 2025.
Canada Carbon Rebate (CCR)
Previously known as the Climate Action Incentive Payment (CAIP), the Canada Carbon Rebate helps offset costs associated with federal pollution pricing in select provinces. Eligible provinces include Alberta, Saskatchewan, Manitoba, and Ontario.
Payment Details:
- Alberta families: Up to $1,544 annually
- Ontario families: Up to $976 annually
- Additional payments for rural or small-community residents
Upcoming Payment Dates:
- January 15, April 15, July 15, and October 15, 2025.
Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit (OTB) combines three credits to assist low- to moderate-income Ontarians: the Ontario Energy and Property Tax Credit, the Ontario Sales Tax Credit, and the Northern Ontario Energy Credit.
Eligibility:
- Applicants must reside in Ontario and file their 2023 tax return.
- Temporary residents meeting residency requirements can also apply.
Payment Details:
- Maximum annual amount: $1,013
Upcoming Payment Dates:
- January 10, 2025.
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Eligibility and Application Process for Temporary Residents and Newcomers
Temporary residents, such as international students and work permit holders, may qualify for these benefits if they meet residency and income requirements.
Steps to Apply:
- Create a CRA My Account.
- File taxes.
- Submit necessary forms, such as Form RC66 for the Canada Child Benefit.
- Provide proof of residency, such as rental agreements or utility bills.
Upcoming CRA Payment Dates for January 2025
- GST/HST Credit: January 3, 2025
- Ontario Trillium Benefit: January 10, 2025
- Advanced Canada Workers Benefit: January 10, 2025
- Canada Carbon Rebate: January 15, 2025
- Canada Child Benefit: January 20, 2025
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