The Canada Revenue Agency (CRA) is expected to distribute up to $2 billion in tax refunds to post-secondary students in 2025. This is a significant opportunity for students to save money and claim refunds from the government. If you’re a student who paid tuition, received scholarships, worked part-time, or even didn’t earn income, filing your … Read more
Raising children is both fulfilling and expensive, which is why the Canada Child Benefit (CCB) exists to ease the financial burden on families. This tax-free monthly payment from the government is designed for families with children under the age of 18. From July 2024 to June 2025, eligible families can receive up to $7,787 per … Read more
Managing finances, particularly during tax season, can often feel overwhelming. Fortunately, the Canada Revenue Agency (CRA) offers the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit, a valuable, tax-free quarterly payment designed to assist individuals and families with low to moderate incomes. In 2025, eligible couples could receive up to $680 annually from the CRA, … Read more
As of April 2025, seniors across Canada relying on government pension programs like the Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS) should stay informed about a few important updates. These programs provide vital financial support for millions of older Canadians, and any adjustments—whether large or small—can have a significant … Read more
The Canada Pension Plan (CPP) is one of the cornerstones of financial support for many Canadians in their retirement years. As April 2025 approaches, the talk of a potential $1,660 CPP payment has many wondering how this could impact their retirement plans. Is this a bonus payment? Who is eligible to receive it? And how … Read more
The Canada Carbon Rebate (CCR), previously known as the Climate Action Incentive Payment (CAIP), is a federal program designed to ease the financial impact of carbon pricing for households across Canada. For 2025, the government has announced notable updates, including a proposed $500 increase in the annual rebate. Below, you’ll find everything you need to … Read more
in 2025, the Canadian government will provide an additional Goods and Services Tax (GST) and Harmonized Sales Tax (HST) credit to offer crucial financial support to low- and middle-income households. To help ease the strain caused by the rising cost of living, the Canada Revenue Agency (CRA) is issuing these extra payments to eligible Canadians. … Read more
Recent discussions have circulated about a supposed $2,500 monthly payment for Canadian pensioners in April 2025, combining benefits from the Canada Pension Plan (CPP) and Old Age Security (OAS). This article examines these claims, provides accurate information on pension payments, and clarifies payment dates. Clarifying the $2,500 Monthly Payment Myth The notion of a $2,500 … Read more
The Canada Revenue Agency (CRA) is preparing to issue the eagerly awaited HST/GST payment on April 4, 2025, offering valuable financial support to low- and modest-income Canadians. This quarterly, tax-free benefit is designed to ease the burden of goods and services tax (GST) and harmonized sales tax (HST), which individuals and families encounter when making … Read more
As April 2025 approaches, many Canadians will be receiving new benefit payments from the Canada Revenue Agency (CRA). These payments are aimed at providing financial relief to a variety of demographics, including families, low-income individuals, and seniors. Understanding who is eligible, how much they’ll receive, and when the payments will arrive is essential for Canadians looking to maximize these benefits. 1. Canada Child Benefit … Read more
