In 2025, the Canada Revenue Agency (CRA) has announced a special payment of up to $928 aimed at helping eligible Canadians manage the rising cost of living. This payment is part of the federal government’s ongoing support programs designed to ease financial pressures for low- and middle-income households.
What Is the $928 Payment?
This one-time payment of up to $928 is intended to provide relief against inflation and other economic challenges affecting everyday expenses such as groceries, utilities, and transportation.
Who Qualifies for the $928 Payment?
Eligibility for this payment is tied to:
- Individuals or families who qualify for the GST/HST credit.
- Canadians with low to moderate income levels based on their most recent tax return.
- Applicants must have filed their 2024 income tax return to be considered.
The exact amount received depends on household income and size, with lower-income families receiving the maximum payment.
How Is the Payment Distributed?
Payments will be made automatically by the CRA — no application is necessary. The preferred method is direct deposit, but cheques will be mailed to those who have not registered for direct deposit.
When Will the Payment Be Issued?
The $928 payment is scheduled to be issued in August 2025, aligning with other benefit payments such as the GST/HST credit for ease of administration.
What Should You Do to Receive the Payment?
- Ensure your 2024 tax return is filed and up to date.
- Register for direct deposit on the CRA’s website.
- Verify your mailing address and personal information are current in your CRA My Account.
Why Is This Payment Important?
With inflation continuing to impact Canadians’ daily expenses, this payment offers immediate financial relief for many families and individuals struggling to keep up with rising costs.
Other Related Benefits to Consider
Eligible Canadians may also be receiving:
- GST/HST credit payments.
- Canada Child Benefit payments if they have children.
- Other provincial or territorial financial support programs.
Final Thoughts
The $928 payment confirmed by the CRA for August 2025 is a crucial financial boost for eligible Canadians facing economic uncertainty. Staying informed and ensuring your tax information is up to date will guarantee timely receipt of these funds.