Extra GST Credit: Canadians can expect a significant boost to their finances in 2025, as the Canada Revenue Agency (CRA) introduces an Extra GST payment. This one-time relief aims to help individuals and families struggling with the rising cost of living, particularly the increasing prices of essential goods like food, housing, and fuel. Let’s break down what this means for you who qualifies, how much you could receive, when to expect the payment, and everything else you need to know.
What is the Extra GST Payment for 2025?
The Extra GST payment is an additional credit provided by the Canadian federal government to address financial challenges resulting from inflation. This one-off payment will be delivered alongside the regular Goods and Services Tax (GST) / Harmonized Sales Tax (HST) credit, which is typically issued to low- and modest-income households.
This extra support is part of the relief measures outlined in Canada’s 2025 federal budget, aiming to ease the burden of high living costs. Importantly, eligible Canadians do not need to apply for this additional credit—if you’re already receiving the GST/HST credit, you’ll automatically receive the extra payment.
How Much Will You Receive?
The amount of the Extra GST payment will vary based on your income level and family circumstances. Here’s a general breakdown of the amounts you could receive:
- Single individuals: Up to $496
- Married or common-law couples: Up to $650
- Each child under 19: An additional $171 per child
For example, a family of four could receive up to $992 in extra financial support, depending on their net income and eligibility.
Who Is Eligible for the Extra GST Payment?
To qualify for the 2025 Extra GST payment, applicants must meet the following criteria:
- Be a Canadian resident for income tax purposes.
- Have filed a 2024 income tax return.
- Be a recipient of the regular GST/HST credit.
- Have a net family income below the income thresholds (roughly $49,000 for a family with two children).
Since eligibility is based on your 2024 income, it’s crucial to file your taxes on time. The CRA uses your most recent income tax return to assess your eligibility for the GST credit, including the additional relief payment.
When Will the Extra GST Payment Be Issued?
The Extra GST payment will be disbursed in July 2025, along with the regular quarterly GST/HST credit. The official payment date is July 5, 2025. If you’re set up for direct deposit, the funds will be transferred directly to your bank account. Otherwise, you’ll receive a cheque sent to your registered mailing address.
You can check your eligibility and payment status through your CRA My Account online. It’s a good idea to keep an eye on this account for updates, especially as the payment date draws near.
How to Prepare for the Extra GST Payment?
To ensure you don’t miss out on the Extra GST payment, here are some key steps to take:
- File your 2024 income tax return early even if you didn’t earn any income last year, filing is crucial to determine your eligibility.
- Update your personal information with the CRA, including your address and banking details, to ensure the payment is processed smoothly.
- Check your CRA My Account for updates on your payment status and any other relevant information.
By following these steps, you’ll be ready to receive the payment when it’s issued.
Final Thoughts
The Extra GST payment in 2025 is a valuable relief measure designed to support Canadians facing rising costs of living. Whether you’re a single individual or part of a family, this additional financial assistance could make a real difference in easing the pressure on your household budget.
Remember to file your taxes on time, ensure your personal details with the CRA are up to date, and monitor your CRA account for updates. If you’re eligible, you’ll receive the Extra GST payment without needing to take any extra steps. With this added support, Canadians can breathe a little easier as they navigate the challenges of high inflation and everyday expenses.
FAQs
1. What is the Extra GST payment in 2025?
It’s a one-time additional credit from the Canadian government to help offset rising living costs for eligible households.
2. How much can I receive from the Extra GST payment?
Single individuals can get up to $496, couples up to $650, and $171 per child under 19.
3. Who qualifies for the Extra GST payment?
You must be a Canadian resident, have filed a 2024 tax return, and be eligible for the regular GST/HST credit.
4. When will the Extra GST payment be issued?
The payment will be issued on July 5, 2025, along with the regular quarterly GST/HST credit.
5. How can I prepare for the Extra GST payment?
File your 2024 tax return early, ensure your personal details with the CRA are up to date, and check your CRA account for payment updates.