As 2025 begins, Canadians can look forward to a range of CRA benefit payments designed to provide financial relief and support.
From families with children to low-income workers, these benefits play a vital role in offsetting rising living costs. Here’s a breakdown of the five major CRA benefits, their payment schedules, eligibility criteria, and amounts, ensuring you’re informed and ready.
1. Canada Child Benefit (CCB)
The Canada Child Benefit is a tax-free monthly payment aimed at helping families with children under 18 manage the costs of raising them.
Eligibility:
- Canadian residents, including temporary residents, with children under 18.
- Newcomers must apply upon meeting residency criteria (minimum 18 months in Canada).
Payment Amounts:
| Age of Child | Annual Payment | Monthly Payment |
|---|---|---|
| Under 6 years | Up to $7,786.92 | $648.91 |
| Aged 6–17 years | Up to $6,570 | $547.50 |
Next Payment Date:
- January 20, 2025
How to Apply:
- Submit Form RC66 online or via mail through CRA’s My Account.
2. GST/HST Credit
The GST/HST credit provides quarterly, tax-free payments to help low- and moderate-income households with Goods and Services Tax (GST) and Harmonized Sales Tax (HST) costs.
Eligibility:
- Canadian residents with a modest income.
- Automatically assessed when you file your taxes.
Payment Amounts:
| Recipient Type | Maximum Annual Credit |
|---|---|
| Single Individual | $519 |
| Couples | $680 |
| Per Child Under 19 | $179 |
Next Payment Date:
- January 3, 2025
3. Advanced Canada Workers Benefit (ACWB)
The Advanced Canada Workers Benefit is a refundable tax credit for low-income workers, encouraging workforce participation.
Eligibility:
- Canadian residents aged 19 or older.
- Income thresholds vary by family size and province.
Payment Amounts:
| Recipient Type | Maximum Annual Credit |
|---|---|
| Single Individuals | $1,518 |
| Families | $2,616 |
Next Payment Date:
- January 10, 2025
How to Apply:
- Automatically assessed when filing taxes.
4. Canada Carbon Rebate (CCR)
The Canada Carbon Rebate, formerly the Climate Action Incentive, offsets costs related to federal pollution pricing.
Eligibility:
- Residents of provinces under federal pollution pricing, including Alberta, Saskatchewan, Manitoba, and Ontario.
Payment Amounts:
| Province | Family of Four | Single Individual |
|---|---|---|
| Alberta | $1,544 | $386 |
| Ontario | $976 | $244 |
Next Payment Date:
- January 15, 2025
5. Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit combines three credits to provide relief for sales tax, energy costs, and property tax.
Eligibility:
- Ontario residents with low to moderate income.
Payment Amounts:
- Up to $1,013 annually depending on income and family size.
Next Payment Date:
- January 10, 2025
Key January 2025 CRA Benefit Payment Dates
| Benefit | Payment Date |
|---|---|
| GST/HST Credit | January 3, 2025 |
| Ontario Trillium Benefit | January 10, 2025 |
| Advanced CWB | January 10, 2025 |
| Canada Child Benefit | January 20, 2025 |
| Canada Carbon Rebate | January 15, 2025 |
January 2025 brings a range of CRA benefits to support Canadians in managing their expenses. By understanding the eligibility criteria, amounts, and payment schedules, you can maximize your financial relief.
File your taxes on time, update your CRA information, and ensure you meet the requirements for these benefits. With proper planning, these payments can significantly ease financial burdens in the new year.
FAQs
What should I do if I don’t receive my benefit payment?
Check the payment schedule and allow 10 business days for processing. Contact the CRA if your payment is delayed.
How do I apply for these benefits if I’m a newcomer?
Newcomers must submit Form RC66 for the CCB and file their taxes to access other benefits. Ensure residency documentation is provided.
Can I receive multiple CRA benefits simultaneously?
Yes, eligible residents can receive multiple benefits such as the CCB, GST/HST credit, and ACWB.
