In response to the ongoing financial struggles faced by many low-income Canadians, a one-time $928 payment will be issued in January 2025 to help alleviate the burden of rising living costs. This initiative is designed to assist those who are vulnerable, enabling them to manage essential expenses such as rent, groceries, transportation, healthcare, and school or childcare needs.
Key Information about the $928 Payment
- Amount: $928
- Eligibility: Income-based criteria (e.g., less than $15,000 for individuals)
- Payment Date: January 2025 (dates may vary by region)
- Application Process: Most recipients will automatically receive this payment, though some may need to check via their CRA My Account.
This program is part of the government’s broader effort to reduce financial inequality, providing support where it’s needed most.
Purpose of the $928 Payment
The payment aims to help Canadians cope with increasing expenses in several key areas:
- Housing Costs: Rising rent and utilities make it difficult to afford basic shelter.
- Food Prices: Higher grocery costs contribute to growing food insecurity.
- Transportation & Healthcare: Increased costs for travel and medical needs place extra strain on household budgets.
- Childcare & School Supplies: For parents, these essential expenses can add up quickly.
The government hopes this support will ensure vulnerable Canadians can maintain financial stability during difficult times.
Eligibility Criteria for the $928 Payment
To qualify for this payment, individuals must meet specific income limits and residency requirements:
Income Limits:
- Single individuals: Less than $15,000 annually
- Couples: Less than $18,000 annually
- Four-person households: Less than $21,000 annually
Additional Requirements:
- Canadian Residency: You must be residing in Canada at the time of the payment.
- Tax Filing: You must have filed your 2024 taxes, as the eligibility is based on tax records.
- Existing Government Benefits: Those receiving GST/HST credits, the Canada Child Benefit (CCB), or other forms of low-income assistance may be automatically eligible.
- Disability or Caregiver Status: Some Canadians receiving disability benefits or caregiver support may also qualify.
For verification, you can use the CRA’s Benefits Calculator.
When Will the $928 Payment Be Issued?
Payments are scheduled to begin in January 2025, with the following anticipated timeline:
सम्बंधित ख़बरें
- Mid-January 2025: Initial payments will be sent.
- End of January 2025: Remaining payments will be processed.
Payment dates may differ based on your province or territory, as well as whether you receive a direct deposit or a mailed cheque.
How Will the $928 Payment Be Delivered?
You will receive the payment through one of two methods:
- Direct Deposit: This is the fastest and most secure method. Ensure your banking details are up to date in your CRA My Account to avoid any delays.
- Cheque by Mail: If you haven’t set up direct deposit, a cheque will be mailed to you. Make sure your mailing address is correct in your CRA account to prevent any issues.
Application Process for the $928 Payment
Most eligible individuals will receive the payment automatically, provided their income and tax details are on file with the CRA and they meet the residency and filing requirements. However, some individuals may need to manually apply if they believe they qualify but do not receive the payment.
Steps to Apply:
- Log into CRA My Account: Go to the CRA portal and access your benefits section.
- Check Your Eligibility: Confirm that your 2024 taxes have been filed and that your income falls within the qualifying range.
- Submit a Payment Request: If necessary, use the “Submit Documents” tool to upload proof of income or residency.
- Contact CRA for Assistance: If you have any issues or questions, reach out to the CRA support line.
Tips to Ensure You Receive Your Payment on Time:
- File Taxes Early: Submit your 2024 tax return promptly to ensure eligibility.
- Set Up Direct Deposit: Direct deposit speeds up payment processing.
- Update Your CRA Information: Ensure your address and banking details are current.
- Check CRA Account Regularly: Monitor the status of your benefits to ensure no delays.
This $928 payment is a critical financial relief effort for low-income Canadians, offering much-needed support in times of economic uncertainty. By ensuring that your eligibility is confirmed, your information is updated, and your direct deposit is set up, you can receive this payment without delay.