The Canada Revenue Agency (CRA) has officially announced the GST/HST Credit 2025 details, confirming a maximum annual benefit of $496 for eligible individuals. This tax-free quarterly payment helps low and modest-income Canadians offset the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) they pay throughout the year. With rising living costs across the … Read more
As part of the ongoing support for seniors across Canada, the Canada Revenue Agency (CRA) is rolling out a significant financial boost for eligible individuals. The much-discussed $2,700 payment for seniors aims to ease the financial burden faced by older Canadians. But with so much information floating around, it’s essential to understand the facts. In this article, … Read more
There’s been a lot of buzz lately about a $3,500 Old Age Security (OAS) payment heading to seniors in Canada—but here’s the truth: as of June 2025, no one-time $3,500 cheque has been confirmed. What is real is that some seniors can receive around $3,500 per month when combining three government programs: OAS, Guaranteed Income Supplement (GIS), and Canada Pension Plan (CPP). This article clarifies what’s genuine, who qualifies, how … Read more
Canada’s Canada Pension Plan (CPP) and Old Age Security (OAS) are vital for seniors’ financial security during retirement. In 2025, eligible seniors can receive up to $1,700 per month in benefits, with some individuals receiving even higher amounts, depending on their contributions and age. This article will walk you through everything you need to know about the Canada Pension Plan, OAS, and how … Read more
In 2025, Canada’s Canada Revenue Agency (CRA) is introducing an exciting monthly payment for eligible individuals. This program is designed to provide additional financial assistance to those who meet specific criteria. With inflation and living costs on the rise, many Canadians are looking forward to receiving this $3,900 monthly payment. If you’re wondering whether you qualify for this support, when it will be deposited, and … Read more
The tax deadline for self-employed Canadians is fast approaching, with only a few days left to file your returns. While most Canadians had their tax filing deadline on April 30, self-employed individuals have a slightly extended deadline. However, it’s critical to remember that final tax payments are still due on April 30, regardless of the extended filing deadline. Failing to file or pay … Read more
The Canada Workers Benefit (CWB) continues to be one of the key support systems for low-income working Canadians. In 2025, the CWB sees important updates, making it even more vital for eligible Canadians to take advantage of this benefit. Whether you’re an individual worker or a family unit, understanding CWB eligibility, payment dates, and how to claim is crucial. Read on for the latest details … Read more
In recent months, a rumor has been circulating that the Canada Old Age Security (OAS) pension will receive a $770 increase in June 2025. However, there has been no official confirmation of such a large one-time increase. Instead, the OAS pension undergoes periodic adjustments based on inflation every quarter. This article will provide you with … Read more
Families in Canada are set to receive a significant financial boost in July 2025, as the Canada Revenue Agency (CRA) has confirmed a $1,800 Canada Child Benefit (CCB) bonus. This one-time top-up is aimed at helping families cope with rising inflation and living costs. Here’s what you need to know about the eligibility, payment schedule, … Read more
In 2025, Canada is rolling out a one-time, $2,200 tax-free direct deposit to assist low-income seniors, individuals with disabilities, and qualifying residents struggling with inflation and rising costs. This direct deposit aims to provide much-needed relief for Canadians, especially those on fixed incomes. This article details everything you need to know about the program, including eligibility, how … Read more
