CRA GST Payment Arrives Next Week: Check Eligibility And Payment Details

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Next week, the Canada Revenue Agency (CRA) will make available the next tranche of Goods and Services Tax (GST) credit payments. This payment is normally granted quarterly and tax-exempt to help low- and moderate-income Canadian families manage the GST and Harmonized Sales Tax (HST) burden. Everything you need to know about upcoming payment, eligibility, and amounts is here.

Payment Date

The next GST credit payment will be deposited directly into recipients’ coffers, or the payment will send out by mail during the week of January 8, 2025. Beneficiaries should keep an eye on their registered payment method for updates.

Who’s Entitled?

The GST credit is determined on the basis of the household income of your family and the number of kids dependent on you. To be qualified you have to: 

  • Be a resident of Canada for income tax purposes.
  • Have made a return for 2023.
  • Meet the family income limit according to CRA guidelines. 

The GST credit is automatically calculated and processed according to your declared income for the prior tax year. If you meet the basic criteria, no separate application is required; thus, the CRA will manage the process. 

Details Of Amounts

On the form of GST credit, these are not the same based on income, whether married or not, and the number of children you have under your care. For example, in preparation for the January 2025 payment: 

  1. “Singe with no kids can expect up to $98.50, with couple and one child, expect upwards of $260.” 
  2. Plus add for each additional dependent child, as such large families are better provided for. 
  3. Therefore, if you did some tax filing for 2023, CRA will take your family net income into consideration to compute credits. So keep your tax filing up to date to avoid missing out. 

How To check your payment:

This includes the steps you should follow to check your payment:

  • Log into your CRA My Account.
  • Navigate to the “Benefits and Credits” section.
  • Check the status of your upcoming GST credit payment.

Final Thoughts

The GST credit is critical for Canadians living under increasing costs of living. You should ensure that you qualify and file your taxes on time to benefit entirely from it. You can get more information from CRA or its official site to know about your payments and entitlements.

Also Read : $1,946 OAS Boost Canadian Seniors In January 2025: Eligibility Guide

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