A financial boost is arriving for thousands of Canadians this week. The Canada Revenue Agency (CRA) is rolling out a $650 rebate to eligible individuals as part of the federal effort to offset rising living costs. This one-time deposit is designed to help Canadians cope with inflation, energy bills, and other essential expenses. But who exactly is getting it, and how do you know if you’re on the list?
What Is the $650 CRA Rebate?
The $650 deposit is a government-backed rebate program aimed at low- and middle-income Canadians. It is primarily linked to the GST/HST Credit and the Climate Action Incentive Payment (CAIP). Depending on your annual income and family size, you may qualify for this full amount or a partial rebate. The funds are automatically issued to eligible recipients based on their most recent tax return.
Who Is Eligible to Receive It?
Eligibility for the $650 rebate depends on your 2023 income, family situation, and residency status. Generally, individuals earning less than $50,000 or families with a combined income of under $65,000 qualify. You must also be a Canadian resident for tax purposes and have filed your 2023 tax return. The CRA uses this information to determine the payment amount.
Payment Schedule and Method
The CRA has scheduled the rebate deposit for June 28, 2025. If you’re signed up for direct deposit, you should receive it in your bank account on that day. For those receiving cheques, allow a few extra business days. No separate application is needed—payments are sent automatically to those who qualify based on their tax records.
How the Amount Is Calculated
The rebate amount varies depending on your marital status and number of children. The following table provides an estimated breakdown of how the $650 could be distributed:
| Family Type | Base Rebate | Additional per Child | Total Possible Rebate |
|---|---|---|---|
| Single individual | $234 | N/A | $234 |
| Couple (no children) | $306 | N/A | $306 |
| Family with 1 child | $306 | $162 | $468 |
| Family with 2 or more children | $306 | $172 per child | Up to $650 |
Note: Final amount may vary depending on provincial supplements or offsets.
The CRA’s $650 rebate is a welcome relief for many Canadians feeling the pinch of higher grocery bills, gas prices, and utilities. Since payments are issued automatically based on your 2023 tax return, there’s no additional paperwork needed. If you’re eligible and enrolled in direct deposit, check your account on June 28 for the rebate. If you haven’t yet filed your taxes, it’s not too late—submit them to become eligible for future rebates.
FAQ’s:
1. What if I didn’t file my 2023 taxes yet?
You must file your return to be considered. Once processed, your rebate may be issued in a later cycle.
2. Can I track my rebate status online?
Yes, log into your CRA My Account to view payment history and upcoming deposits.
3. Is this a monthly or one-time payment?
This $650 deposit is a one-time payment. However, similar rebates may be issued quarterly depending on program funding.
4. Do students qualify for this rebate?
Yes, if they meet income thresholds and have filed a return, they may receive the rebate.
5. Will receiving this affect my other benefits?
No, this rebate is non-taxable and does not reduce eligibility for other federal or provincial programs.