CRA Approves a $680 One-Time Payment — Millions of Canadians Told to Check New Eligibility Rules

A new $680 federal payment has been approved by the Canada Revenue Agency (CRA), offering targeted relief to low- and middle-income Canadians facing rising living costs. The one-time payment, scheduled for rollout later in 2025, is designed to help households absorb higher expenses for groceries, rent, utilities and transportation. In Winnipeg, 73-year-old senior Harold Morrison said the announcement “provides some breathing space — everything from heating to medication has gone up”.

The federal government says the measure will support individuals and families who have been disproportionately affected by inflation and stagnant wages. The $680 payment will not be automatic for everyone, with updated eligibility rules determining who qualifies.

What’s Changing With the New $680 Payment

• Eligible Canadians will receive a one-time, tax-free $680 deposit.
• The CRA will determine eligibility based on 2024 tax returns and updated income thresholds.
• Payments will be issued automatically for most people who qualify.
• Canadians with overdue tax filings or incomplete information may miss the first deposit window.
• The payment is separate from GST/HST credits, the Climate Action Incentive and provincial supports.

Real Stories Behind the Policy

For Montreal single parent Nadine Gauthier, the new payment helps cover essentials. “Groceries for my kids cost more every month. This $680 might help me catch up on bills I’ve been putting off,” she said.

Meanwhile, Toronto temp worker Miguel Alvarez says rising rent has left little room in his budget. “I’m juggling two jobs just to stay ahead. This payment means I can finally buy winter clothes I’ve been delaying,” he said.

Government Statements

A federal finance spokesperson said the benefit is part of a broader affordability strategy. “The $680 payment ensures relief flows directly to Canadians who need it most. Rising costs continue to create pressure, and this measure provides timely support,” they said.

The CRA also encouraged Canadians to ensure their direct deposit details and tax information are up to date before payments begin.

Analysis and Data Insight

Inflation in Canada remains above historical averages, with essentials such as rent, groceries and insurance seeing the steepest increases. Nearly 48 percent of Canadians now report having less than $500 in emergency savings.

The $680 benefit is expected to reach more than 6.2 million Canadians, with seniors, low-income workers and families receiving the highest share of support.

Comparison Table: Who Qualifies for the $680 Payment?

Category	Eligibility	Notes
Low-income individuals	Eligible	Based on 2024 tax return thresholds
Couples	Eligible	One payment per eligible adult
Seniors collecting OAS/GIS	Eligible	Automatic deposit if up to date
Disability tax credit recipients	Eligible	Must meet income rules
High-income earners	Not eligible	Income cut-off applies
Late tax filers	Not eligible until filing	CRA requires 2024 return

What You Should Know

To ensure you receive the payment without delays, the CRA recommends:

• Filing your 2024 taxes as early as possible.
• Updating address and bank details in CRA MyAccount.
• Watching for CRA verification requests to avoid payment holds.
• Checking benefit notices in the coming months for confirmation.
• Monitoring your bank account for a separate $680 deposit once payments begin.

Q&A Section

1. Is the $680 payment automatic?
   Yes, for most Canadians who meet eligibility rules.
2. When will deposits begin?
   Later in 2025, with exact dates to be announced.
3. Is the payment taxable?
   No, it is completely tax-free.
4. Do couples get $680 each?
   Yes, if both individuals qualify.
5. Does receiving OAS or GIS affect eligibility?
   No, seniors can still receive the payment.
6. Do I need to apply?
   No application is required, only a completed tax return.
7. What income level qualifies?
   The updated thresholds will prioritise low- and middle-income Canadians.
8. Can newcomers receive the payment?
   Yes, if they meet residency and tax-filing requirements.
9. What if my bank details are wrong?
   Your payment may be delayed or returned.
10. Will CRA contact me directly?
    CRA may issue notices but will never send clickable login links.
11. Does this affect GST/HST credits?
    No, it is a separate support measure.
12. Can the payment be garnished?
    Certain federal debts may reduce the deposit.
13. Do students qualify?
    Yes, if income is within the threshold.
14. Will there be more payments like this?
    Not confirmed — this is a single 2025 benefit.
15. How do I know if I’m eligible?
    CRA MyAccount will update once assessments are complete.