You could receive hundreds of dollars from this government payment next week.
As the new year starts, many Canadians are getting ready for federal benefits, including the GST/HST Credit. This payment is designed to assist low and modest-income households in coping with increasing costs.
The GST/HST Credit is a tax-free payment issued every three months to help with the costs of goods and services taxes. Eligible individuals can receive up to $349 from the Canada Revenue Agency. This financial support is especially important as January kicks off.
Currently, there is also a GST and HST holiday running until February 15. During this period, you won’t have to pay GST or HST on many items, such as most food and children’s clothing. This is a great opportunity to save money while shopping.
Here’s everything you need to know about the GST/HST Credit in January 2025, including how much you can receive and when to expect it.
What is the GST/HST Credit?
The GST/HST Credit is a payment made every three months for individuals with low incomes. It assists in offsetting some of the GST or HST that has been paid throughout the year. Additionally, certain provinces and territories provide extra payments alongside this credit.
Who Can Get the GST/HST Credit?
To qualify, you need to be a Canadian resident for tax purposes and not exempt from taxes. You must also be at least 19 years old in the month prior to the payment being issued. If you are under 19, you can still be eligible if you are married, in a common-law relationship, or living with your child.
The amount of your payment is based on your family income and size. If you are a single person earning over $54,704, you will not qualify. For families with four or more children, the maximum income limit is $72,244.
How to Apply for the GST/HST Credit
You don’t need to apply. Just file your taxes every year, even if you don’t earn money, and the Canada Revenue Agency checks your eligibility.
If you are new to Canada, you must fill out Form RC151 and send it to the tax office. If applying for children, include their birth details with your form.
How Much is the GST/HST Credit
The amount depends on your income and family size. You can get:
- Up to $129.75 for one person
- Up to $40.25 for a spouse or partner
- Up to $44.75 for each child ($129.75 for the first child if you are a single parent)
Some provinces like B.C. add extra money. In B.C., the Climate Action Tax Credit can give an extra $126 for a person, $63 for a partner, and $31.50 per child.
Higher GST/HST amounts for 2025 will start in July.
Is the GST/HST Credit Taxable?
No, the GST/HST Credit is not taxable. You don’t need to report it in your income tax return.
When Are the GST/HST Credit Payment Dates?
The next payment date is Friday, January 3, 2025. Other dates for the year are:
- April 4, 2025
- July 4, 2025
- October 3, 2025
This payment helps families manage expenses as they begin the new year. Stay updated and file your taxes to enjoy these benefits
FAQs about GST/HST Credit Payments in January 2025
Do I need to apply for the GST/HST Credit?
No, you don’t need to apply. Just file your taxes every year, even if you didn’t earn money. The Canada Revenue Agency will check if you qualify.
How much can I get from the GST/HST Credit?
The amount depends on your income and family size:
$129.75 for one person
$40.25 for a spouse or partner
$44.75 for each child ($129.75 for the first child if you are a single parent)
Extra amounts may apply in some provinces, like in B.C.
When will I receive the GST/HST Credit payment?
The next payment date is January 3, 2025. Other payment dates are April 4, July 4, and October 3 in 2025.
Can newcomers to Canada get the GST/HST Credit?
Yes, but they must fill out Form RC151 and send it to their tax office. Proof of their children’s birth is also needed if applying for them.
