As the new year nears, the Canada Revenue Agency (CRA) is preparing to introduce new benefit payments that will provide financial relief to Canadians, including newcomers and temporary residents.
These benefits are designed to help families and individuals deal with the rising cost of living.
Below is a complete guide to the upcoming benefits, their eligibility requirements, payment schedules, and application details.
CRA Benefits 2025
1. Canada Child Benefit (CCB)
The Canada Child Benefit is a monthly, tax-free payment meant to assist families with children under 18 years of age.
Eligibility:
Canadian residents, including temporary residents who have lived in Canada for at least 18 months with a valid permit during the 19th month, can apply. Newcomers can apply after settling in Canada.
Payment Details:
Up to $7,786.92 annually ($648.91 monthly) for each child under six years old.
Up to $6,570 annually ($547.50 monthly) for each child aged 6 to 17.
Payments reduce as Adjusted Family Net Income (AFNI) exceeds $36,502.
How to Apply:
Apply online via CRA’s My Account or by mail using Form RC66.
Upcoming Payment Dates:
January 20, February 20, and March 20, 2025.
2. GST/HST Credit
The GST/HST credit is a quarterly, tax-free payment designed to assist low- and moderate-income households in offsetting the cost of Goods and Services Tax (GST) and Harmonized Sales Tax (HST).
Eligibility:
Canadian residents, including temporary residents, automatically qualify when they file their taxes. No separate application is needed.
Payment Details:
Individuals can receive up to $519 annually.
Couples can receive up to $680 annually.
An additional $179 per child under 19 years old.
Upcoming Payment Dates:
January 3, April 4, July 4, and October 3, 2025.
3. Advanced Canada Workers Benefit (ACWB)
The ACWB is a refundable tax credit aimed at encouraging workforce participation among low-income individuals and families.
Eligibility:
Canadian residents aged 19 or older, or those living with a spouse or child, can qualify. Income thresholds vary by province and family size.
Payment Details:
Single individuals can receive up to $1,518 annually.
Families can receive up to $2,616 annually, paid in quarterly installments.
How to Apply:
Eligibility is determined during tax filing. No separate application is necessary.
Upcoming Payment Dates:
January 10, July 11, and October 10, 2025.
4. Canada Carbon Rebate (CCR)
Previously called the Climate Action Incentive Payment (CAIP), the CCR helps offset the costs related to federal pollution pricing, making eco-friendly policies more affordable.
Eligibility:
Residents of provinces subject to federal pollution pricing, such as Alberta, Saskatchewan, Manitoba, and Ontario, qualify. Additional payments are available for residents of rural or small communities.
Payment Details:
Payment amounts vary by province and family size. For example:
Alberta families may receive up to $1,544 annually.
Ontario families may receive up to $976 annually.
Upcoming Payment Dates:
January 15, April 15, July 15, and October 15, 2025.
5. Ontario Trillium Benefit (OTB)
The OTB combines three credits to support 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 who meet residency requirements can also apply.
Payment Details:
Payments vary based on income and family size, with a maximum annual payment of $1,013.
Upcoming Payment Dates:
January 10, February 10, and March 10, 2025.
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 the residency and income requirements.
Steps to Apply:
- Create a CRA My Account:
Register online to manage your tax information securely. - File Taxes:
Make sure to file your taxes each year to determine eligibility for various benefits. - Submit Required Forms:
For the Canada Child Benefit, complete and submit Form RC66. - Provide Proof of Residency:
You may need to submit documents like rental agreements or utility bills to prove your residency status.
Upcoming CRA Payment Dates for January 2025
Here’s a summary of the upcoming benefit payment dates:
| Benefit | Payment Date |
|---|---|
| GST/HST Credit | January 3, 2025 |
| Ontario Trillium Benefit | January 10, 2025 |
| Advanced Canada Workers Benefit | January 10, 2025 |
