Low- and modest-income Canadians are set to receive some welcome financial relief next week as the Canada Revenue Agency (CRA) distributes the next round of GST/HST credit payments. This tax-free quarterly benefit helps offset the burden of sales tax and provides timely support during a period of rising living costs. If you’re wondering who qualifies, … Read more
The Canada Carbon Rebate (CCR), formerly known as the Climate Action Incentive Payment, is a federal initiative aimed at offsetting the costs associated with carbon pricing. In 2025, the CCR continues to provide financial relief to Canadian households, particularly in provinces where the federal carbon pricing system applies. This article delves into the specifics of … Read more
The Canada Disability Benefit (CDB) is a new federal initiative aimed at providing financial support to low-income, working-age Canadians with disabilities. Starting from July 2025, eligible individuals can receive up to $200 per month, totaling $2,400 annually. This benefit is designed to alleviate financial hardships and promote inclusion for persons with disabilities. Key Details of the Canada Disability Benefit Feature … Read more
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
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
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
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
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
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
Recent discussions have surfaced regarding a $3,900 monthly payment from the Canada Revenue Agency (CRA) in 2025. However, upon thorough review, there is no official CRA program offering such a payment. This article aims to clarify the situation, outline existing federal benefits, and provide accurate information on eligibility and payment schedules. Understanding the $3,900 Payment … Read more
