As February 2025 approaches, many Canadians await their GST/HST refund issuance dates and amounts, and are interested in what claimants should do to ensure that their benefits are not delayed. The current article is compiled to address all these issues.
What Is GST/HST Refund?
The GST/HST refund, known also as the GST/HST credit, refers to a tax-free quarterly payment for qualifying low- and middle-income Canadians. This is designed to reduce the burden of additional GST/HST charges.
February 2025 Payment Date
The GST/HST-variant refunds for February 2025 shall be deposited or mailed-on February 5, 2025. For direct deposit, the payments will flow straight into the account for beneficiaries of direct deposits. Those who receive payments through mailing might take some time to reach their destination.
Eligibility For The Refund
Your eligibility for this refund is determined by your recent tax-return income. Essentially, one must satisfy the following conditions to qualify for the same:
- Residence: You must have been a Canadian resident for income tax purposes.
- Income Limits: Tripping them imposes a limit on adjusted family net income.
- Taxes Filed: As of now, the earliest eligibility cut-off for the February 2025 credit is to file your 2024 income-tax return.
This aside, families with children under 19 have the advantage of also receiving the GST/HST Child Credit.
How Much Can You Receive?
The amount of GST/HST credit varies depending on your income, family size, and marital status. For 2025, individuals who qualify may receive up to $496 annually if they are single; and even a bit more for those families with children. February 2025 would be a payment that represents one quarterly installment of the total pay.
How To Check Your Payment
To confirm your payment, log into the CRA My Account or speak directly to the CRA. Be sure to have the right bank account and personal information in order to not delay your payment.
Conclusion
The GST/HST rebates continue to support 1,455 in their need for money. Mark the date for February 5, 2025, and cross your fingers that payments are made.
Also Read: $7,500 Canada Home Renovation Credit 2025: How To Claim Online