CRA Confirms $928 Payments in 2025: To support low-income Canadians grappling with rising living costs, the Canada Revenue Agency (CRA) will issue $928 payments in January 2025. These one-time payments are part of the government’s ongoing efforts to provide financial relief and ensure families and individuals can meet essential expenses. Whether you’re a single parent, a senior, or a low-income individual, here’s what you need to know about eligibility, how to claim the payment, and how to maximize its benefits.
CRA Confirms $928 Payments in 2025
The $928 payment offers essential financial relief to Canadians facing economic challenges. Whether you’re a single parent managing rising costs or a senior on a fixed income, this payment is designed to provide immediate support. Ensure you file your taxes, update your information, and check your eligibility to receive this timely assistance.
| Payment Amount | $928 |
|---|---|
| Purpose | Financial relief for low-income individuals and families |
| Eligibility Criteria | Income thresholds, residency status, and tax filings |
| Distribution Date | January 2025 |
| Application Requirement | Automatic for benefit recipients; application for others |
| Complementary Benefits | GST Credit, CCB, GIS, and provincial programs |
| Official Website | Canada Revenue Agency |
Why Is the CRA Issuing $928 Payments?
The $928 payment is a response to the financial pressures many Canadians face due to inflation and rising costs. As groceries, housing, and utilities become increasingly expensive, the government aims to provide targeted support to low-income individuals and families. This initiative builds on previous programs like the Canada Child Benefit (CCB) and the GST Credit, further ensuring Canadians have the resources needed to maintain financial stability.
Who Is Eligible for the $928 Payment?
To qualify for this payment, individuals and families must meet specific requirements:
1. Income Thresholds
Eligibility depends on your Adjusted Net Income:
- Single Individuals: Annual income below $33,000.
- Families: Combined income below $43,000.
- Seniors: Additional eligibility for those receiving the Guaranteed Income Supplement (GIS).
2. Residency and Citizenship
- Must be a Canadian citizen, permanent resident, or individual with valid residency.
3. Tax Filing Requirement
- You must have filed your 2024 tax return to allow the CRA to assess eligibility.
How to Claim the CRA Confirms $928 Payments in 2025?
1. Automatic Payments
If you already receive federal benefits like the Canada Child Benefit (CCB) or GST Credit, the $928 payment will be automatically issued to you via direct deposit or check.
2. New Applicants
If you don’t currently receive government benefits but believe you qualify:
- File Your Taxes: Ensure your 2024 income tax return is submitted promptly.
- Set Up Direct Deposit: Register for direct deposit through the CRA for faster payments.
- Check Eligibility: Use the CRA’s online portal to confirm your status.
- Complete an Application: If required, submit the necessary forms via the CRA website.
Payment Distribution and Timeline
How Will You Receive Your Payment?
- Direct Deposit: Deposits will go directly to your bank account if you’ve set up direct deposit with the CRA.
- Paper Check: If you don’t have direct deposit, a check will be mailed to your address.
When Will Payments Be Issued?
The payments are scheduled for early January 2025. Direct deposits will likely arrive faster, while paper checks may take longer depending on postal delivery.
How Can You Use the $928 Payment?
The $928 payment can help cover various essential expenses. For example:
- Groceries: Covering rising food costs.
- Utilities: Managing heating and electricity bills during the winter months.
- Debt Payments: Reducing credit card or loan balances.
- Savings: Building an emergency fund for unexpected expenses.
Other Benefits You May Be Eligible For
1. Goods and Services Tax (GST) Credit
A quarterly payment designed to offset GST/HST costs for low-income Canadians. Many $928 payment recipients will also qualify for this credit.
2. Canada Child Benefit (CCB)
Families with children under 18 may receive additional monthly support depending on their income and family size.
3. Guaranteed Income Supplement (GIS)
Low-income seniors receiving Old Age Security (OAS) may qualify for GIS, which provides additional monthly support.
4. Provincial and Territorial Benefits
- Ontario Trillium Benefit: Helps with energy costs and property taxes.
- BC Climate Action Tax Credit: Supports low-income individuals and families in British Columbia.
Challenges and Solutions
1. What If I Don’t Receive the Payment?
If you believe you’re eligible but don’t receive the payment:
- Contact the CRA: Use their contact portal to inquire.
- Check Your Tax Filing: Ensure your 2024 tax return was submitted and processed.
2. Payment Delays
- Direct deposits are faster, but paper checks may take longer. Ensure your personal information, including your address and banking details, is up to date with the CRA.
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Frequently Asked Questions (FAQs)
1. Do I need to apply for the $928 payment?
Most recipients will receive the payment automatically. If you don’t currently receive federal benefits, you may need to apply.
2. Is the payment taxable?
No, the $928 payment is tax-free and does not need to be reported as income.
3. How can I check if I’m eligible?
Log in to your CRA My Account or contact the CRA directly to verify your eligibility.
4. Can I receive the payment if I owe taxes?
Yes, the payment is not withheld for outstanding tax debts.
5. What should I do if I change my bank or address?
Update your personal information through the CRA My Account portal to avoid payment delays.
