To qualify for the Canadian GST/HST credit in 2025, you must be a Canadian resident for tax purposes, file a 2024 tax return, and be at least 19 years old (or have a spouse/child). The credit is designed for low-to-modest income individuals/families, with payments in 2025 based on 2024 income levels.
You are eligible for this credit if you are a resident of Canada for income tax purposes at the end of the month before and at the beginning of the month in which the CRA makes a payment (read When your GST/HST credit is paid). In the month before the CRA makes a quarterly payment, you must be at least 19 years old.
Payment amounts are recalculated every July
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.
The shift to a two-slab system of 5% and 18%, removing the earlier 12% and 28% rates, will make taxation more transparent and easier to follow. At the same time, a 40% on luxury and sin goods such as pan masala, tobacco, aerated drinks, high-end cars, yachts, and private aircraft ensures fairness and revenue balance.
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.
If your GST turnover is below the $75,000 threshold, you may choose to register. But if you do, regardless of your turnover, you must: include GST in the price of most goods and services you sell. claim GST credits for most business purchases you make.
You are not a resident of Canada for income tax purposes. You do not have to pay tax in Canada because you are an officer or servant of another country (such as a diplomat) or a family member or employee of such a person. You are confined to a prison or similar institution for a period of at least 90 consecutive days.
You can claim a GST refund in the following situations, when additional tax is paid or deposited due to errors or omissions. When dealers and deemed export goods or services are subject to refund or refund. Refunds can also be made for purchases made by UN agencies or embassies.
GST Voucher – Cash
You must be aged 21 and above in 2025; Your Income Earned in 2023 as assessed by IRAS (Assessable Income (AI) for the Year of Assessment (YA) 2024) must not exceed $39,000; The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2024 must not exceed $31,000; and.
But persons who are engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax or an agriculturist, to the extent of supply of produce out of cultivation of land are not liable to register under GST.
If your business has a GST turnover of $75,000 or more
You must register for GST when your business has a GST turnover (gross income minus GST) of $75,000 or more. This is known as the 'GST threshold'. There are a few additional factors to be aware of regarding the GST threshold.
If you're a single parent, your income threshold will be between $53,992 to $63,412, depending on the number of children you may have. If you're married or are a common-law couple, your income requirement will be between $50,852 to $63,412. The specific amount will differ based on if and how many children you have.
The total of lifetime gifts and the estate are eligible for a lifetime exemption, which is set at $13.99 million in 2025. The exemption amount is indexed for inflation, and was scheduled to be reduced by half after 2025. The higher exemption level was made permanent and slightly increased to $15 million in 2026 by P.L.
You are eligible for a GST refund if you have paid excess tax, exported goods or services, made zero-rated supplies, claimed lower income than presumptive income, or have unutilised input tax credit.
Qualifying for the GST refund
Purchase the goods and request the retailer to capture your information for tourist refund; Spend at least SGD100 (including GST).
Yes, every GST-registered taxpayer having annual turnover of more than Rs.2 Crore must file GSTR-9 annually. Who is required to file GSTR 9? Yes, every GST-registered taxpayer whose annual turnover is more than Rs.2 crore must file GSTR-9 annually. It is optional for the rest of the taxpayers.
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.
you intend to use your purchase solely or partly for your business, and the purchase does not relate to making input-taxed supplies. the purchase price included GST. you provide or are liable to provide payment for the item you purchased. you have a tax invoice from your supplier (for purchases more than A$82.50).
To be eligible for the Canada GST/HST payment 2025, you must: Be a Canadian resident for tax purposes. Be at least 19 years old (or have a spouse/common-law partner or child) Have filed your 2024 tax return, even with zero income.
Generally, a single person with a net income greater than 49,160 Canadian dollars is not eligible. Similarly, a married couple with a cumulative family net income greater than 64, 950 Canadian dollars is not eligible. Refer to the table above for more insight on this. In The Year 2022, Will GST Credit Increase?
When to register for GST. You must register for GST as soon as you think you'll earn more than $60,000 in 12 months – whether you're a sole trader, a contractor, in partnership or a company. You may be charged penalties if you don't register when you need to.