GST/HST Refund February 2025: Key Dates And Payment Details

by

For those who qualify, the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit is a real boon from the Canadian government to possibly save on the ache of GST/HST on consumer products and services. The 2025 dates for the final reimbursement have been revealed-along with payment details.  

GST/HST Stimulus Date Of February 2025  

The 2025 GST/HST reward is to be deposited on February 5, 2025. The payment will be made through direct deposit for those eligible. If you are not signed up for direct deposit yet, a cheque will be mailed to you; it may take longer for the cheque to reach you.  

Eligibility For GST/HST  

The provision of the GST/HST credit is based on the computation of income from the previous year’s income tax submission. To be eligible, you must, in the first place:  

  1. Be a resident of Canada to income tax understanding.  
  2. Have pled your Civil Income Tax Return for 2024.  
  3. Be under the set income limit, which varies with the family size.  

Individuals at least 19 years of age, parents living with their children, and persons with spouses or common-law partners are potential beneficiaries only if they inform the Canada Revenue Agency (CRA) in case they have just moved here or altered their civil status for properly processing the details.

Payment amounts  

The GST/HST credit amount depends on family size and net income. For the 2024-2025 benefit year:  

  • Up to a maximum of $306 would be available for a single individual annually.  
  • A couple can receive up to $612 annually.  
  • For each child under 19 years of age, and additional $161 is given.   

These amounts are divided into quarterly payments, and one of these months is February. 

How To Check Your Payment  

All you need is your access on the CRA’s My Account portal, where you can examine the status of payment, confirm eligibility, or any updates concerning the account.  

What To Do If You Haven’t Received Your Payment:  

If you have not seen it by February 12, 2025, or if nothing has turned up in the mail for you, get in contact with the CRA for inquiries. Please ensure that information, like your banking and address details, is current.   

The GST/HST Credit isn’t just a support scheme for many Canadians. Mark your calendar for February 5, 2025, and get ready to receive the payment on their behalf, ensuring you receive all the value from this valuable assistance.

Also Read: $3,000 Monthly CRA Payments: Check Your Eligibility And Payment Dates Now

Leave a Comment