January 2025 brings several federal and provincial benefit payments to eligible Canadians, offering financial support to individuals and families. From child benefits to disability support, here’s a detailed breakdown of what you can expect, including payment dates, eligibility, and more.
Key Benefits and Payment Dates
The following payments are scheduled for January 2025. Make sure to check your eligibility and monitor your account for deposits.
| Benefit | Payment Date | Details |
|---|---|---|
| GST/HST Credit | January 3 | Quarterly payment to assist low- and moderate-income individuals and families with taxes. |
| Ontario Trillium Benefit (OTB) | January 10 | Includes OEPTC, NOEC, and OSTC for eligible individuals and families. |
| Canada Child Benefit (CCB) | January 20 | Monthly tax-free benefit for families with children under 18. |
| Old Age Security (OAS) | January 29 | Monthly payment to individuals aged 65 and older. |
| Canada Pension Plan (CPP) | January 29 | Retirement pension and other benefits for contributors. |
| Veteran Disability Pension | January 30 | Tax-free payment to veterans with disabilities resulting from military service. |
| Ontario Disability Support Program (ODSP) | January 31 | Financial assistance for individuals with disabilities in Ontario. |
1. Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit (OTB) is a key provincial support program combining three credits:
- Ontario Energy and Property Tax Credit (OEPTC): Helps with property taxes and energy costs.
- Northern Ontario Energy Credit (NOEC): Provides relief for residents in Northern Ontario facing higher energy costs.
- Ontario Sales Tax Credit (OSTC): Offers tax relief for low-income individuals and families.
Payment Date: January 10, 2025
Eligibility: Based on your income tax return from the previous year. Ensure your 2024 tax return is filed to receive this benefit.
2. Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit
This quarterly credit helps low- and moderate-income families offset GST/HST costs. Payments are made in January, April, July, and October.
Payment Date: January 3, 2025
Eligibility: Determined based on your annual income and family size. Automatic enrollment occurs when you file your income taxes.
3. Canada Child Benefit (CCB)
The Canada Child Benefit provides financial assistance to families with children under the age of 18. This tax-free payment is based on income and adjusted annually.
Payment Date: January 20, 2025
Eligibility: Families must meet residency requirements and file income tax returns. The amount depends on family income, number of children, and their ages.
4. Old Age Security (OAS)
The Old Age Security is a monthly payment for Canadians aged 65 and older. The amount varies based on residency in Canada after the age of 18.
Payment Date: January 29, 2025
Eligibility: Applicants must have lived in Canada for at least 10 years after turning 18. Additional supplements may apply for low-income seniors.
5. Canada Pension Plan (CPP)
The Canada Pension Plan (CPP) provides retirement pensions and additional benefits for contributors, including disability and survivor benefits.
Payment Date: January 29, 2025
Eligibility: Individuals who have contributed to the CPP during their working years. The payment amount depends on contributions and the age at which you start receiving benefits.
6. Veteran Disability Pension
Veterans who have incurred disabilities during military service are entitled to tax-free pensions. The amount is based on the severity of the disability.
Payment Date: January 30, 2025
Eligibility: Veterans with disabilities resulting from their service in the Canadian Armed Forces.
7. Ontario Disability Support Program (ODSP)
The Ontario Disability Support Program (ODSP) offers financial and employment support to individuals with disabilities.
Payment Date: January 31, 2025
Eligibility: Ontario residents with verified disabilities. The program also assists with essential living costs, including housing and medical expenses.
What to Do If You Haven’t Received Your Payment
If you don’t receive your payment on the scheduled date, wait 10 working days before contacting the Canada Revenue Agency (CRA) or the relevant issuing organization.
FAQs
How do I know if I am eligible for the Ontario Trillium Benefit?
Eligibility is based on your income tax return. Ensure you’ve filed your 2024 tax return to qualify.
Can I apply for the GST/HST credit if I didn’t receive it in January?
Yes, if you’re eligible and didn’t receive the credit, contact the CRA. Ensure your tax information is up to date.
How much will I receive for the Canada Child Benefit?
The amount varies based on family income, the number of children, and their ages. Use the CRA’s online calculator for estimates.
