New Year, New Benefits: CRA Benefits Payments to Boost Canadians in 2025
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Canadians, including newcomers and temporary workers, can look forward to a fresh round of Canada Revenue Agency (CRA) benefit payments in January 2025. These financial supports aim to ease the burden of rising living costs and provide relief to eligible residents.
The breakdown of the 5 major benefits, along with details of their eligibility criteria and application process.
1. Canada Child Benefit (CCB)
The Canada Child Benefit offers tax free monthly payments to families with children under 18 years, helping to cover the costs of raising kids.
| Category | Details |
|---|---|
| Eligibility | Canadian residents, including temporary residents who’ve lived in Canada for at least 18 months with a valid permit. Newcomers must apply upon settling. |
| Payment Amounts | Up to $7,786.92 annually ($648.91/month) per child under 6. Up to $6,570 annually ($547.50/month) per child aged 6-17. Decreases as income exceeds $36,502. |
| How to Apply | Submit Form RC66 online via My Account or by mail. |
| Next Payment Dates | January 20, 2025 February 19, 2025 March 18, 2025 |
2. GST Credit
GST Credit is a quarterly tax-free payment that helps low and moderate income households offset GST/HST costs.
| Category | Details |
|---|---|
| Eligibility | Canadian residents who file their taxes. |
| Payment Amounts | Up to $519 annually for individuals. $680 for couples. $179 per child under 19 |
| Next Payment Dates | January 3, 2025 April 4, 2025 July 5, 2025. |
3. Advanced Canada Workers Benefit (ACWB)
The ACWB provides refundable tax credits to support low income workers and encourage employment.
| Category | Details |
|---|---|
| Eligibility | Canadian residents aged 19+ or living with a spouse/child. Income thresholds vary by province and family size |
| Payment Amounts | Up to $1,518 annually for individuals. Up to $2,616 annually for families, divided into quarterly payments. |
| Next Payment Dates | January 10, 2025 April 11, 2025 July 12, 2025 |
4. Canada Carbon Rebate (CCR)
Canada Carbon Rebate (CCR) previously known as the Climate Action Incentive Payment, is a rebate which helps Canadians manage federal pollution pricing costs.
| Category | Details |
|---|---|
| Eligibility | Residents in provinces with federal pollution pricing (e.g., Alberta, Saskatchewan, Manitoba, Ontario). Additional for rural/small-community residents. |
| Payment Amounts | Varies by province and family size. Alberta families: Up to $1,544 annually. Ontario families: Up to $976 annually. |
| Next Payment Dates | January 15, 2025 April 15, 2025 July 15, 2025 October 15, 2025 |
5. Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit (OTB) combines 3 credits to help low to moderate income Ontario residents with energy, property tax, and sales tax costs.
| Category | Details |
|---|---|
| Eligibility | Ontario residents who filed their 2023 tax return. Temporary residents meeting residency requirements. |
| Payment Amounts | Up to $1,013 annually. Option for monthly or lump-sum payments. |
| Next Payment Dates | January 10, 2025 |
CRA Benefits Payments Dates in January 2025
January 2025 marks as a crucial month for Canadians, as multiple CRA benefits payments are set to provide financial relief. A quick overview of the upcoming CRA benefits payments dates in January are as follows:
- GST/HST Credit: January 3, 2025
- Ontario Trillium Benefit: January 10, 2025
- Advanced Canada Workers Benefit: January 10, 2025
- CCB: January 20, 2025
- CCR: January 15, 2025
How Can Temporary Residents and Newcomers Access CRA Benefits?
Temporary residents, including international students and work permit holders, may qualify for CRA benefits if they meet the specific residency and income criteria. Here’s how to get started:
Step 1: Create CRA My Account
Step 2: Submit the Necessary Forms
Step 3: File your Taxes
Step 4: Provide proof of residency
Newcomers are encouraged to apply for benefits as soon as they meet the residency requirements to maximize their financial support.
Avail the Best Benefits of Working in Canada
With the new round of CRA benefits payments set to begin in January 2025, provide a valuable opportunity to individuals and families to ease the financial burden of rising living costs.
If you are planning to move to Canada and need assistance with the immigration process, GetGIS can guide you every step on the way. From visa applications to understanding residency requirements, our team ensures to facilitate all your Canada PR process and queries efficiently.
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