As Canadians face rising living costs, the Canada Revenue Agency (CRA) is stepping up to provide a much-needed financial boost in January 2025. New benefit payments will help support eligible residents, newcomers, and temporary workers across Canada.
In this guide, we’ll walk you through five major CRA benefit payments, including eligibility requirements, payment amounts, and key dates. Stay informed to ensure you don’t miss out on your financial support in the new year.
1. Canada Child Benefit (CCB)
The Canada Child Benefit is a tax-free monthly payment designed to assist families with children under 18 with child-rearing expenses.
Eligibility:
- Must be a Canadian resident or temporary resident with at least 18 months of residency.
- Newcomers can apply after settling in Canada.
Payment Amounts:
- Up to $7,786.92 annually ($648.91 monthly) for each child under six.
- Up to $6,570 annually ($547.50 monthly) for children aged 6–17.
- Payments reduce based on Adjusted Family Net Income (AFNI), starting at $36,502.
Next Payment Dates:
- January 20, 2025
- February 19, 2025
- March 18, 2025
How to Apply:
You can apply via the CRA My Account portal or by mailing Form RC66.
2. GST/HST Credit
The GST/HST Credit offers quarterly, tax-free payments to assist low- and moderate-income families with the cost of GST/HST.
Eligibility:
- Canadian residents, including temporary residents, qualify automatically by filing taxes.
Payment Amounts:
- Up to $519 annually for individuals.
- Up to $680 annually for couples.
- An additional $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 encourage workforce participation, particularly for low-income individuals and families.
Eligibility:
- Canadian residents aged 19+ or those living with a spouse or child.
- Income thresholds vary by province and family size.
Payment Amounts:
- Up to $1,518 annually for singles.
- Up to $2,616 annually for families, paid quarterly.
Next Payment Dates:
- January 10, 2025
- April 11, 2025
- July 12, 2025
How to Apply:
Eligibility is automatically determined when you file your taxes.
4. Canada Carbon Rebate (CCR)
The Canada Carbon Rebate offsets the costs of federal pollution pricing and supports families adopting eco-friendly practices.
Eligibility:
- Available to residents in provinces under federal pollution pricing (e.g., Alberta, Saskatchewan, Manitoba, Ontario).
- Additional rebates are available for rural or small communities.
Payment Amounts:
- 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 combines three credits to help low- and moderate-income residents in Ontario: Ontario Energy and Property Tax Credit, Ontario Sales Tax Credit, and Northern Ontario Energy Credit.
Eligibility:
- Must reside in Ontario and have filed a 2023 tax return.
- Temporary residents with valid permits may also qualify.
Payment Amounts:
- Payments vary based on income and family size, up to $1,013 annually.
Next Payment Date:
- January 10, 2025
Payment Options:
- You can choose monthly payments or a lump sum.
CRA Benefits: Key Dates and Payment Amounts Overview
| Benefit | Next Payment Date | Annual Maximum | Eligibility |
|---|---|---|---|
| Canada Child Benefit (CCB) | January 20, 2025 | Up to $7,786.92 per child | Families with children under 18 |
| GST/HST Credit | January 3, 2025 | Up to $680 per couple | Low- to moderate-income households |
| Advanced Canada Workers Benefit | January 10, 2025 | Up to $2,616 per family | Low-income individuals and families |
| Canada Carbon Rebate (CCR) | January 15, 2025 | Up to $1,544 per family | Residents of pollution-priced provinces |
| Ontario Trillium Benefit (OTB) | January 10, 2025 | Up to $1,013 | Ontario residents |
Eligibility for Temporary Residents and Newcomers
Temporary residents, such as international students and work permit holders, may qualify for CRA benefits if they meet residency and income requirements.
Steps to Apply for CRA Benefits
- Create a CRA My Account: This is essential for managing and tracking your benefits.
- File Taxes: Filing taxes ensures eligibility for many benefits, even if you have no income.
- Submit Required Forms: For example, submit Form RC66 to apply for the Canada Child Benefit.
- Provide Proof of Residency: Documents such as rental agreements or utility bills help confirm eligibility.
January 2025 is shaping up to bring significant financial relief through these CRA benefit programs. Whether you’re a long-time Canadian resident or a newcomer, understanding the eligibility criteria and applying correctly can ensure you make the most of the financial support available.
Frequently Asked Questions
- Who qualifies for the Canada Child Benefit (CCB)? Canadian residents or temporary residents with children under 18 and meeting income criteria are eligible.
- Do I need to apply for the GST/HST Credit? No, the GST/HST Credit is automatically calculated when you file your taxes.
- How do I apply for the Advanced Canada Workers Benefit (ACWB)? Eligibility is determined when you file your taxes, and no separate application is required.
