Canada

CRA Job Cuts Impact 1,300 Workers – Staff In Atlantic Canada Among Hardest Hit

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CRA Job Cuts Impact 1,300 Workers – Staff In Atlantic Canada Among Hardest Hit

In a significant workforce reduction, the Canada Revenue Agency (CRA) has announced that it will not renew contracts for approximately 1,300 term employees, effective May 16, 2025.  This decision predominantly impacts staff in Atlantic Canada, raising concerns about service delivery and employee welfare. Overview of the Layoffs The CRA’s decision affects term employees—those hired for a specific period—across its contact … Read more

Canada’s $200 Monthly Disability Benefit- Eligibility Requirements And Payment Schedule For 2025

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Canada’s $200 Monthly Disability Benefit- Eligibility Requirements And Payment Schedule For 2025

To support Canadians living with disabilities, the federal government is introducing a $200 monthly disability benefit under the new Canada Disability Benefit (CDB) program. Scheduled to launch in July 2025, the benefit aims to improve financial stability and reduce poverty among low-income individuals with disabilities. This guide provides the latest updates on eligibility, payment dates, … Read more

Canada’s $3,500 OAS Payment In May 2025- What’s True And Who Qualifies?

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Canada’s $3,500 OAS Payment In May 2025- What’s True And Who Qualifies?

Recent rumors suggest a $3,500 Old Age Security (OAS) payment for Canadian seniors in May 2025. However, according to official sources, there is no such lump-sum payment scheduled. The standard OAS payments continue as usual, adjusted quarterly based on the Consumer Price Index (CPI). OAS Payment Details (April–June 2025) Age Group Maximum Monthly OAS Payment … Read more

New 2025 Housing Top-Up For Canadian Renters- How To Apply In August And Who Qualifies

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New 2025 Housing Top-Up For Canadian Renters- How To Apply In August And Who Qualifies

With rent prices surging across the country, the Canadian government has introduced a new housing top-up in 2025 aimed at low- and modest-income renters. This one-time, tax-free benefit offers relief to those grappling with rising living expenses. Applications open in August 2025, and eligible renters can expect prompt payments through the Canada Revenue Agency (CRA). What Is the 2025 Housing Top-Up? The housing top-up … Read more

Canada Child Benefit Increase In July 2025 – Here’s How Much Extra You’ll Get Per Child

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Canada Child Benefit Increase In July 2025 – Here’s How Much Extra You’ll Get Per Child

The Canada Child Benefit (CCB) is set to increase in July 2025, offering higher monthly support to families across the country. As inflation continues to impact the cost of living, the federal government has confirmed this adjustment to help parents better manage rising household expenses. Why Is the Canada Child Benefit Increasing in 2025? The Canada Child Benefit is … Read more

Canada Confirms $1,606 Disability Payment For May 2025 – Full Eligibility & Payment Details

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Canada Confirms $1,606 Disability Payment For May 2025 – Full Eligibility & Payment Details

As of May 2025, there is no official $1,606 monthly disability benefit in Canada. However, two significant federal programs provide financial support to Canadians with disabilities: While neither program offers a $1,606 monthly payment, understanding their structures can help individuals determine their potential benefits. Overview of Disability Benefits Feature Canada Disability Benefit (CDB) Canada Pension … Read more

CPP And OAS Payments Increase In 2025 – Who’s Eligible For The New $1,364+ Monthly Boost?

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CPP And OAS Payments Increase In 2025 – Who’s Eligible For The New $1,364+ Monthly Boost?

In May 2025, Canadians aged 60 and over are seeing a significant increase in retirement pension payments. The Canada Pension Plan (CPP) now offers a maximum monthly benefit of $1,433, while the Old Age Security (OAS) payment for those aged 75 and over has climbed to $800.44/month. Together, this gives eligible retirees a possible combined federal retirement benefit of $2,233.44/month, or over $26,800/year—a welcome improvement … Read more

$250 CRA GST Windfall 2025 – Check If You’re On The Payment List!

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$250 CRA GST Windfall 2025 – Check If You’re On The Payment List!

In early 2025, the Canadian government introduced the $250 Working Canadians Rebate, a one-time, tax-free payment aimed at providing financial relief to eligible working Canadians. This initiative is designed to assist low- and middle-income individuals in managing the rising cost of living. Key Details of the Rebate Feature Details Payment Amount $250 (tax-free) Eligibility Canadians … Read more

Extra CRA Payments Coming June 2025 – Who’s Eligible For These Hidden Credits?

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Extra CRA Payments Coming June 2025 – Who’s Eligible For These Hidden Credits?

As we move through May 2025, many Canadians are keenly watching for updates regarding extra CRA credits in June 2025. Every year, the Canada Revenue Agency (CRA) issues various payments and rebate bonuses that could land unexpectedly in bank accounts. Understanding who might benefit from these Canada Revenue Agency surprise deposits can help you plan your finances better and avoid missing … Read more

May 2025 OAS Payments- How Much Seniors Will Get, Eligibility, GIS Limits & Tax Rules Explained

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May 2025 OAS Payments- How Much Seniors Will Get, Eligibility, GIS Limits & Tax Rules Explained

As the cost of living continues to rise in Canada, Old Age Security (OAS) remains a crucial source of financial support for seniors. In May 2025, updated payment amounts, eligibility requirements, and tax rules have been confirmed. Whether you’re already receiving benefits or planning to apply, understanding the latest updates ensures you maximize your retirement income. What is … Read more