The Canada Child Benefit (CCB) is a tax-free monthly payment provided to eligible families to assist with the cost of raising children under 18. Administered by the Canada Revenue Agency (CRA), the amount you receive is based on your Adjusted Family Net Income (AFNI), the number of children, and their ages. Understanding the CCB’s recalculation process and updating your … Read more
A recent wave of social media posts has created confusion by claiming that Canadians on disability support are receiving $3,200 per month. While these statements have gained viral traction, they do not reflect the official Canada Pension Plan (CPP) Disability Benefit framework as of May 2025. Understanding the CPP Disability Benefit Structure The CPP Disability Benefit is a monthly financial … Read more
Starting April 2025, Canadian seniors will benefit from significant increases in federal pension programs, including the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). These adjustments aim to help seniors manage the rising cost of living and maintain financial stability during retirement. Overview of April 2025 Pension Increases The federal government has … Read more
The Government of British Columbia, in collaboration with federal authorities, has announced a $430 one-time rent relief payment in 2025 aimed at supporting low-income seniors and families facing increased housing costs. This initiative, part of the enhancements to the Shelter Aid for Elderly Renters (SAFER) and the Rental Assistance Program (RAP), is a response to inflation and escalating rental prices. Nearly $28 … Read more
As of May 2025, the Old Age Security (OAS) program remains a critical component of Canada’s retirement income system, providing seniors with monthly financial support. With inflation and the cost of living continuing to rise, understanding how much you’ll get, who qualifies, and the tax implications is essential for all Canadian seniors. OAS May 2025 Payment Schedule and Amounts The Government of … Read more
With a new Canadian Prime Minister taking office in 2025, students and families across Canada are closely watching for any changes in financial support and tax benefits. Fortunately, many of the student tax credits remain intact, with a few expected enhancements as the federal government shifts priorities. This guide covers every major student tax benefit available in 2025 and outlines potential … Read more
Families in Canada can expect good news this spring as the Canada Child Benefit (CCB) for April 2025 is arriving earlier than usual. With updated payment rates, confirmed payment dates, and revised eligibility rules, this article covers everything families need to know to stay informed and prepared. Early April 2025 CCB Payment Date For April 2025, the Canada Revenue Agency will … Read more
As Canada phases out the federal carbon tax rebate program, many Canadians are wondering why some provinces are still receiving a final Canada Carbon Rebate (CCR) payment, while others are not. This article breaks down who gets the payment, why others are excluded, and what Canadians should know heading into 2025. What Is the Canada Carbon Rebate (CCR)? … Read more
Are you planning to retire in Canada in 2025? While the rising cost of living and global trade uncertainties may create financial challenges, there’s good news: significant updates to Canada’s retirement programs, including the Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS), are designed to support retirees. In addition, diversifying … Read more
In 2025, Canadian seniors will benefit from a significant financial boost, with eligible individuals potentially receiving up to $2,350 per month through the Old Age Security (OAS) and Guaranteed Income Supplement (GIS) programs. However, not everyone will qualify. This article explains the eligibility requirements, payment breakdown, and how to apply for these benefits. Understanding OAS … Read more