Yes, Canadian residents eligible for the GST/HST credit will receive increased payments starting in July 2025. The Canada Revenue Agency (CRA) is increasing these tax-free payments by 2.7% for the 2025–2026 benefit year to keep up with inflation. These payments are based on 2024 tax returns.
💸 Canadians will receive a 2.7% increase in GST/HST credit payments starting July 4, 2025, to support low- and modest-income households.
Gross GST collections for July 2025 reached Rs. 1,95,735 crore, which is higher than last month's figures. Year-on-year data indicates that July 2025 collections are 7.5% higher than those of July 2024, when they stood at Rs. 1,82,075 crore.
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.
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.
When and How Will I Be Paid? 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.
By this update, taxpayers will not be able to file GST returns after three years from the due date of such return. The CBIC notified us of this change effective 1st October 2023, and the GSTN has now brought this validation live on the official GST portal starting from July 2025.
Along with the GST break, the government of Canada is also planning on offering cheques in the amount of $250 to qualifying middle-class families. In order to qualify for this, you have to have worked in 2023 and had an income below $150,000.
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.
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.
#GST collections for June 2025 rise to Rs 1.85 lakh crore, marking a 6.2% increase compared to Rs 1.73 lakh crore collected in June 2024.
New GST Rate Structure 2025: 5%, 18%, and 40% Explained. The Goods and Services Tax (GST) in India has undergone its biggest overhaul since its 2017 launch.
Six month doubling of GST credit payment starts November 4, 2022. The first of the Government of Canada's new financial support measures will take effect this Friday, November 4, 2022 with the additional one-time goods and services tax credit (GST credit) payment.
In Canada, a $2,000 tax credit often refers to the Pension Income Amount (Line 31400) for seniors receiving eligible pension/annuity income, creating a $300 federal credit (15% of $2,000), or a provincial Training Tax Credit for Apprentices, like British Columbia's $2,000 for completing specific training levels, while other benefits like the GST/HST Credit or Disability Benefit offer amounts varying based on income and family situation, not a fixed $2,000 for everyone.
According to the federal government, the maximum annual amount an individual may receive from July 2025 to June 2026 is $533, while a married or common-law couple could see up to $698 combined. The payment amounts are recalculated every July based on how much a family or individual earned in the previous tax year.
GST Rate and Slab Changes in September 2025
GST rate cuts on 200 items happened from 22nd September 2025. 90% of items in the current 28% slab are moved to the 18% slab. Almost 99% of the items in the 12% slab are moved to the 5% slab.
In 2025, the Canadian government is providing a one-time $250 rebate to eligible Canadians as a relief measure to offset rising living costs.
Under the new income tax regime for 2025-26, any taxable income up to ₹12,00,000 attracts a full rebate of ₹60,000 (under Section 87A), resulting in a nil tax liability.
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.
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.
From April 1, 2025, Input Service Distributor (ISD) registration will be compulsory for businesses having multiple Goods & Services Tax Identification Numbers (GSTINs). The time limit for the validity of an E-Way bill will be 180 days, and it can be extended to 360 days.