Canadians are set to receive a series of new benefit payments from the Canada Revenue Agency (CRA) starting in January 2025.
These payments aim to provide financial relief to eligible residents, including newcomers and temporary workers, to help manage the rising cost of living.
Canada Child Benefit
The Canada Child Benefit (CCB) is a tax-free monthly payment designed to assist families with children under the age of 18. It helps offset the costs of raising children and provides critical financial support to families across Canada.
Eligibility
Canadian residents, including temporary residents, are eligible. Temporary residents must reside in Canada for 18 consecutive months with a valid permit by the 19th month. Newcomers are advised to apply upon settling.
Payment Amounts
Families with children under six can receive up to $7,786.92 annually, while those with children aged 6 to 17 may receive up to $6,570 annually. Payments adjust based on family income.
GST Credit
The GST Credit offers quarterly tax-free payments to assist low- and moderate-income households in managing GST and HST costs.
Eligibility
Residents of Canada automatically qualify by filing their taxes. No separate application is necessary.
Payment Amounts
Individuals can receive up to $519 annually, while couples may receive up to $680, with an additional $179 for each child under 19.
Advanced Canada Workers Benefit
The Advanced Canada Workers Benefit supports low-income workers with refundable tax credits to encourage workforce participation.
Eligibility
Canadians aged 19 and older, or those living with a spouse or child, qualify. Income thresholds vary by province and family size.
Payment Amounts
Single individuals may receive up to $1,518 annually, while families can get up to $2,616, divided into quarterly payments.
Canada Carbon Rebate
The Canada Carbon Rebate offsets costs associated with federal pollution pricing, helping households manage environmental costs.
Eligibility
Residents of provinces with federal pollution pricing, such as Alberta and Ontario, qualify. Additional amounts are available for rural or small-community residents.
Payment Amounts
Amounts vary based on location and family size. For instance, Alberta families may receive up to $1,544 annually, while Ontario families can receive up to $976 annually.
| Benefit | Eligibility | Max Annual Payment | Next Payment Date | Frequency |
|---|---|---|---|---|
| Canada Child Benefit | Families with children | $7,786.92 | January 20, 2025 | Monthly |
| GST Credit | Low/moderate-income residents | $519 | January 3, 2025 | Quarterly |
| ACWB | Low-income workers | $2,616 | January 10, 2025 | Quarterly |
| Canada Carbon Rebate | Provinces under federal pricing | $1,544 | January 15, 2025 | Quarterly |
FAQs
What Are the Eligibility Criteria for Temporary Residents?
Temporary residents must have lived in Canada for at least 18 months and hold a valid permit by the 19th month.
How Do I Apply for CRA Benefits as a Newcomer?
Newcomers can apply using CRA’s My Account or by submitting Form RC66. Filing taxes and providing proof of residency are essential steps.
What Is the Maximum Payment for the Canada Child Benefit?
Families can receive up to $7,786.92 annually for children under six and $6,570 for children aged 6 to 17, depending on family income.
When Will the Canada Carbon Rebate Be Paid?
The Canada Carbon Rebate payments are scheduled for January 15, April 15, July 15, and October 15, 2025.
