In 2025, the Canadian government continues its commitment to supporting low- and middle-income Canadians through the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) credit. This quarterly, tax-free payment aims to offset the GST/HST paid on everyday purchases, providing financial relief to eligible individuals and families. The GST/HST credit is designed to assist Canadians with lower incomes by reimbursing a portion of the GST/HST they pay. Administered by the Canada Revenue Agency (CRA), this credit is automatically calculated based on the information provided in your tax return, eliminating the need for a separate application. To be eligible for the GST/HST credit in 2025, individuals must meet the following criteria: The amount of the GST/HST credit varies depending on several factors, including marital status, number of children, and adjusted family net income. Below is a breakdown of the maximum annual credit amounts for the period of July 2024 to June 2025: As income increases, the credit amount gradually decreases. The CRA determines the exact amount based on the information provided in your tax return. The GST/HST credit is paid quarterly. For the period from July 2024 to June 2025, the payment dates are as follows: If a payment date falls on a weekend or holiday, the payment is issued on the last business day before the scheduled date. To ensure timely receipt of the GST/HST credit, consider the following steps: Example 1: Single Individual Example 2: Married Couple with One Child By understanding the eligibility criteria, payment schedules, and amounts associated with the GST/HST credit, individuals and families can better plan their finances and ensure they receive the benefits to which they are entitled. Payments are issued quarterly, typically in January, April, July, and October. No, the credit is automatically determined based on the information in your tax return. Update your personal information with the CRA to ensure your credit amount is adjusted accordingly. Comment Save my name, email, and website in this browser for the next time I comment.
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