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
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 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
Canada’s federal government recognizes the financial challenges retirees face, especially with rising living costs and inflation. To support Canadian retirees in maintaining their living standards, the Canada Revenue Agency (CRA) has announced an increase in the Canada Pension Plan (CPP) payments for April 2025. This adjustment aims to provide financial relief and help retirees manage … Read more
In response to the ongoing rise in living costs and to ensure financial stability for seniors, the Canada Revenue Agency (CRA) has announced an increase in payments for CPP, OAS, and GIS starting in April 2025. These benefit adjustments reflect the government’s commitment to supporting retirees through regular increases based on inflation and the Consumer … Read more
In March 2025, numerous Canadians will receive essential government benefits administered by the Canada Revenue Agency (CRA). Understanding the payment dates, eligibility criteria, and benefit amounts for programs such as the Canada Pension Plan (CPP), Old Age Security (OAS), Canada Workers Benefit (CWB), Canada Carbon Rebate (formerly CAIP), and the Goods and Services Tax/Harmonized Sales … Read more
In 2025, the Canada Revenue Agency (CRA) will administer direct payments of up to $4,100 to assist Canadians in managing the rising cost of living. However, this $4,100 is not a single lump sum payment but rather a collection of federal benefit programs designed to support seniors, families, and low-income individuals. If you’re unsure whether … Read more