In 2025, eligible Canadians will receive regular quarterly GST/HST credit payments, with updated, slightly higher amounts beginning in July 2025 based on 2024 tax returns. While some online discussions mention a one-time $300 payment to assist with cost of living, there is no official confirmation of a universal "extra" bonus payment for 2025 like in previous years.
For example, the information from your 2024 tax return determines the GST/HST credit amount you get for the payment period from July 2025 to June 2026. You could get up to: $533 if you are a single individual. $698 if you are married or have a common-law partner.
Starting September 22, 2025, GST in India will be simplified to primarily two rates: 5% and 18%, with a special 40% rate on luxury and sin goods like tobacco and high-end vehicles.
In August 2025, over 1.5 million eligible adult Singaporeans will receive up to $850 in cash as part of GSTV – Cash, depending on their AI for the Year of Assessment (YA) 2024 and the Annual Value (AV) of their home.
The Canadian government is providing a one-time $300 federal payment in 2025 as part of ongoing efforts to assist low- and modest-income Canadians facing rising costs of living.
The government has confirmed that no further Cost of Living Payments are planned for 2025. This means there will not be a new payment (such as the rumoured £450 payment) this year. Future financial support will depend on government decisions and the wider economy, including inflation and energy prices.
The Canada Revenue Agency (CRA) has announced a special $680 one-time payment for 2025, designed to support low-income individuals and families dealing with rising living expenses. This initiative is part of the government's program to reduce financial stress, offering direct cash support to qualified taxpayers.
If you are eligible for the 2025 GST Voucher (GSTV) – Cash and/or GSTV – MediSave and have signed up for a previous Government payout (e.g., 2024 GSTV), you will automatically receive your 2025 GSTV – Cash and/or GSTV – MediSave in August 2025. No further action is required on your part.
The GST/HST credit payment period begins in July and ends in June of the following year: January and April payments. Based on your adjusted family net income from your 2024 tax return. July and October payments.
When to expect your refund. You can claim a refund if your net tax (line 109 of your GST/HST return) is a negative amount. We normally issue refunds within 4 weeks of receiving your return.
20th August 2025
Due to the incessant rains in various parts of Maharashtra, the government has extended GSTR-3B due date for July 2025 from 20th August to 27th August 2025.
As of 2025, the GST rate in Singapore is 9% for all taxable goods and services (except for nil-rated). With the GST rate change, as laid out by the Inland Revenue Authority of Singapore (IRAS), it has become even more important to be at par with the recent amendments.
Total Net GST revenue for October 2025 stands at ₹1,69,002 crore, which is 0.6% higher(monthly growth) and 7.1% higher (yearly growth) than the corresponding period last year at ₹1,68,054 crore.
India's Goods and Services Tax (GST) system has entered a new era with the rollout of GST 2.0, effective from September 22, 2025. The Council has simplified the structure into a 5% slab for essentials, 18% for standard goods, and 40% for luxury/sin items, replacing the earlier complex categories.
In order to qualify for this, you have to have worked in 2023 and had an income below $150,000. You also qualify if you received Employment Insurance, paid EI premiums or made CPP contributions. You should receive this via cheque or direct deposit by April 2025.
To give you an idea, here are a few scenarios of the maximum annual payment. This is based on the 2024 tax year with payments from July 2025 to June 2026: Single with no children: $533 (if you earn between $20,000 and $40,000) with 1 child: $717.
Groceries, gas, and rent are getting more expensive, and many Canadians are searching for relief. Good news is, Starting July 2025, the HST/GST credit has increase by 2.7%, helping low- and modest-income households stretch their budgets.
The widely discussed $533 amount represents the maximum annual GST/HST credit for eligible individuals, depending on family status and income. The January 2026 payment is part of this annual entitlement and may be issued as a quarterly portion rather than a single lump sum for everyone.
About 3 million adult Singaporeans to receive Assurance Package (AP) Cash in December 2025. Adult Singaporeans aged 21 and above in 2026 will receive between $100 – $600 in cash payments from 5 December 2025 onwards under the enhanced Assurance Package (AP).
New GST Rate of 9% in 2024
Come 1 Jan 2024, the GST rate will be raised from 8% to 9%, as part of the two-step GST rate change announced by the Minister for Finance in Budget 2022. The first step from 7% to 8% had taken place earlier on 1 Jan 2023.
Old Age Security Payment Updates
For December 2025, OAS payments reflect a 1.2% quarterly indexation increase tied to the Consumer Price Index. Maximum monthly amounts now stand at $740.82 for ages 65-74 and $814.90 for those 75 and older, up from previous quarters.
Not only will the government be issuing a one-time cash payment of $500 to be paid in August 2021, this year's Federal Budget also includes the highest quarterly adjustment to existing OAS payments since July 2014.
Adult Disability Payment is a benefit for disabled working-age adults who live in Scotland. It's to help with the extra costs of being disabled or having a long-term health condition. It's paid by Social Security Scotland. Adult Disability Payment has replaced Personal Independence Payment (PIP) in Scotland.