Exciting News For Canadians: New CRA $680 Payment Awaits Eligible Applicants!

The Canada Revenue Agency (CRA) is bringing a wave of relief to eligible Canadians with the announcement of a $680 payment for those who qualify.

This initiative, tied to the GST/HST Credit, aims to support low- and moderate-income families in balancing essential expenses. Here’s everything you need to know about the payment schedule, eligibility, and how to apply.

What Is the GST/HST Credit?

The Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit is a non-taxable benefit designed to offset the cost of taxes on everyday goods and services.

It provides financial assistance to eligible Canadians, ensuring they can manage the burden of rising living costs.

Key Features of the GST/HST Credit Payment

• Frequency: Quarterly (four times a year)
• Calculation Basis: Annual income tax return for the previous year
• Eligibility: Available to individuals, couples, and families with children under 19
• Amount: Varies based on family income and size

Payment Schedule for 2025

The GST/HST Credit will be issued on the following dates:

Payment Date	Expected Arrival
January 3, 2025	Within 10 business days
April 4, 2025	Within 10 business days
July 4, 2025	Within 10 business days
October 3, 2025	Within 10 business days

Eligibility Requirements for the $680 Payment

To qualify for the GST/HST Credit, individuals must meet the following criteria:

1. Residency:
   • Must be a resident of Canada for tax purposes during the payment month.
2. Age:
   • Must be 19 years or older during the payment month.
   • Exceptions for those under 19 include:
     • Being married or in a common-law relationship.
     • Being a parent living with their child.
3. Income:
   • The benefit amount is determined based on the annual income reported in the previous tax return.
4. Family Status:
   • Payments are calculated for individuals, couples, and families with children under 19.

Payment Amount Breakdown

Family Type	Maximum Annual Payment
Individual	Up to $519
Common-Law Couple	Up to $680
Additional per Child	$179

How to Apply for the GST/HST Credit

• For Canadian Residents:
  • Simply file your 2023 tax return to be considered for the 2025 payments.
• For Newcomers to Canada:
  • File the appropriate forms:
    • RC151 for individuals.
    • RC66 and RC66SCH for parents with children.
• Automated Process:
  • Eligible applicants will receive a notification detailing the payment amount and eligibility status once their tax return is processed.

What to Do If Your Payment Is Delayed?

If you haven’t received your payment by January 15, 2025, take these steps:

1. Check Your CRA Account:
   • Log in to your MyCRA account to verify your eligibility and payment details.
2. Update Banking Information:
   • Ensure your direct deposit information is current.
3. Contact CRA Customer Service:
   • Call 1-800-387-1193 for further assistance.

Benefits of the GST/HST Credit

The GST/HST Credit not only provides financial relief but also promotes economic stability for Canadian families. By offsetting basic expenses, the credit empowers individuals to focus on career growth, education, and long-term savings.

The $680 CRA payment is a timely initiative to help Canadians manage essential expenses amidst rising costs.

With its straightforward application process and flexible eligibility criteria, the GST/HST Credit continues to serve as a vital support system for millions across the country.

Ensure you file your tax return on time to receive these benefits and enjoy a more secure financial future.

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