Starting in June 2025, eligible Canadian seniors will receive an additional $1,250 every month to help cover rising living expenses. This new initiative is aimed at providing greater financial stability for older Canadians, especially those struggling to make ends meet in an era of increasing costs of essentials. Whether you’re a senior yourself or a … Read more
As the cost of living continues to climb in 2025, the Canada Revenue Agency (CRA) has introduced a one-time $2,350 payment to provide immediate financial relief to seniors aged 65 and above. This measure targets low- and middle-income retirees, helping them cover increasing expenses related to food, housing, and healthcare. The $2,350 CRA payment is … Read more
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
The Canada Pension Plan (CPP) is seeing a significant increase in monthly payments for seniors, with a new maximum of $1,560 per month starting in 2025. This move is part of Canada’s long-term retirement enhancement strategy to protect older Canadians from the growing cost of living. Let’s break down who qualifies, when the payments will … Read more
June 2025 brings important updates for Canadian seniors: the combination of Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS) could result in $1,620, $1,950, or even $2,700 monthly. These figures depend on contribution history, age, income, and marital status. Here’s your complete guide. CPP, OAS & GIS: June 2025 Breakdown … Read more
In July 2025, the Canadian government is offering a one-time $600 top-up to the Canada Housing Benefit (CHB) to assist low-income renters facing rising housing costs. This initiative aims to provide immediate financial relief amid ongoing affordability challenges. Key Details of the $600 CHB Top-Up Feature Details Top-Up Amount $600 one-time payment Payment Start Date … Read more
Millions of Canadians are set to receive their CRA $179 GST/HST Credit this July 2025, offering vital financial relief amid rising living costs. The Goods and Services Tax (GST) / Harmonized Sales Tax (HST) Credit is a tax-free quarterly payment issued by the Canada Revenue Agency (CRA) to help low- and modest-income households offset tax … Read more
Starting July 2025, the Canada Child Benefit (CCB) will see an increase to help families manage the rising cost of living. This adjustment ensures that the benefit keeps pace with inflation, providing greater support to Canadian households. What Is the Canada Child Benefit? The Canada Child Benefit (CCB) is a tax-free monthly payment made to … Read more
In an effort to combat the rising cost of living, the Canada Revenue Agency (CRA) has announced a one-time GST rebate of up to $3,000 for eligible Canadians in 2025. This tax-free financial support targets low- and middle-income individuals and families, providing direct economic relief to help offset everyday expenses like groceries, transportation, and utility … Read more
