Canadian families may soon receive a much-needed financial relief. A proposed $1,200 top-up to the Canada Child Benefit (CCB) could be rolled out by October 2025, offering vital assistance amid rising inflation. This one-time payment, currently under parliamentary review, aims to help families with children under 18 cope with the soaring cost of living. This…
Great news for Canadians with disabilities—the long-anticipated Canada Disability Benefit (CDB) officially begins monthly payments of $200 from July 2025. This new support initiative from the federal government targets low-income, working-age adults with disabilities to reduce poverty and ensure financial security. Administered by Service Canada, the benefit falls under the Disability Inclusion Action Plan, signaling a historic advancement in disability support. Background…
Canadian seniors are set to receive a one-time $2,500 CPP boost this November, as the federal government and Canada Revenue Agency (CRA) introduce new economic support measures in response to rising inflation, healthcare expenses, and cost-of-living pressures. This non-taxable payment will be delivered via direct deposit to eligible Canada Pension Plan (CPP) recipients starting November…
In a timely move to counter the effects of rising inflation and cost of living, the Canadian federal government has confirmed a $250 one-time GST Relief Payment for eligible individuals in August 2025. This payment will provide additional financial support to low- and modest-income households already receiving the GST/HST credit. Managed by the Canada Revenue…
If you’re a senior living in Canada, you could receive up to $1,700 per month in 2025 through a combination of the Canada Pension Plan (CPP) and Old Age Security (OAS). These federal programs offer essential retirement income, and the amounts have been adjusted for inflation to support rising living costs. This guide covers eligibility,…
Tax season can be challenging, especially for seniors looking to optimize their savings. But if you’re 65 or older, the Age Amount Tax Credit offers a valuable opportunity to reduce your tax liability by as much as $8,396 in 2025. This non-refundable tax credit is designed to provide financial relief for older Canadians and is a key benefit that shouldn’t be…
