In Canada, there is no "extra" GST tax increase planned for July 2025; rather, eligible low-to-modest-income residents will receive a 2.7% increase in their quarterly GST/HST credit payments starting July 4, 2025. This adjustment is meant to account for inflation, with maximum annual payments reaching up to $533 for singles and $698 for couples.
The CRA will make these payments on the 5th day of July and October 2025, and of January and April 2026. However, if your GST/HST credit calculated in July 2025 is less than $50 per quarter, the CRA will pay you for the entire payment period in July 2025.
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.
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.
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.
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.
The payment is targeted primarily at seniors who are already connected to the federal benefits system, including those who receive: Old Age Security. Guaranteed Income Supplement. Canada Pension Plan retirement benefits.
Canada will implement a faster GST rebate payment system starting January 5, 2026. Eligible individuals and families can receive up to $680 more quickly, reducing previous delays. The new system streamlines income verification and tax processing to speed up payments. and modest-income Canadians.
If you receive income from sources such as a pension plan, certain annuities, a registered retirement income fund (RRIF) or other locked- in registered retirement income funds, you may be able to claim a tax credit on amount up to $2,000 of that income.
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.
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.
The $1,200 payment is a one-time direct deposit issued by the Canada Revenue Agency for seniors classified as low income based on their most recent tax return. The payment is not a loan, does not need to be repaid and does not replace existing monthly benefits.
Program Details
Our Welcome to Canada program gives new Canadian Permanent Residents or Temporary Workers with a valid work permit a $1,000 bonus* towards the purchase or lease of an eligible new Chevrolet, Buick, GMC or Cadillac vehicle.
The Government of Canada has distributed a one-time, non-taxable, non-reportable payment of $600 to Canadians living with disabilities. If you have an existing Disability Tax Credit certificate on file with the CRA, you should have received this amount in October 2020.
For the July 2025–June 2026 benefit year, the maximum annual GST amounts are: $533 – Single individual. $698 – Married or common-law couples. $184 – Per eligible child under 19.
For any standard-rated supplies of goods or services that you make on or after 1 Jan 2024, you must charge GST at 9%. For instance, if you issue an invoice and receive payments for your supply on or after 1 Jan 2024, you must account for GST at 9%.
The GST return due date to file these annual returns is 31 December following the end of the financial year. For example, for the financial year 2024-25, the GST filing last date will be 31st Dec 2025.
Canada Workers Benefit
3 times a year (July 12, October 11, January 10), depending on income. The amounts you may receive are adjusted for the period from July 2025 to June 2026: Up to $1,518 if you are single. Up to $2,616 if you are a couple.
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.
The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 71 million Social Security beneficiaries in January 2026. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2025.