Canadian households will soon receive the August 2025 installment of the Canada Carbon Rebate (formerly known as the Climate Action Incentive Payment). This tax-free payment returns the proceeds of federal carbon pricing directly to residents in participating provinces. Scheduled for mid-August, the rebate helps ease the burden of increased energy and fuel costs due to […]
In 2025, eligible Canadian seniors are set to receive a significant financial boost of up to $4,000 per year through increases in their Canada Pension Plan (CPP) and Old Age Security (OAS) payments. This combined benefit increase is aimed at helping retirees cope with rising living costs and providing more stability for low- and moderate-income pensioners. What Is the $4,000 CPP […]
The Canada Revenue Agency (CRA) has officially confirmed that eligible Canadians could receive up to $1,238.99 in July 2025 as an advance payment through the Canada Workers Benefit (CWB). This refundable tax credit supports low‑income workers, and advanced payments make cash flow more manageable throughout the year. Find out eligibility, amounts, payment schedule, and how […]
As cost-of-living pressures continue to affect Canadians, the Canada Revenue Agency (CRA) has increased five essential federal benefits starting in July 2025. These changes aim to help families, seniors, workers, and individuals with disabilities cope with rising prices and economic uncertainty. The increases are largely driven by annual inflation adjustments and a reduction in the lowest federal income tax rate from 15% to 14% […]
Canadian families may be on the verge of receiving a major financial boost. In July 2025, the federal government introduced a proposal for a $1,200 one-time Canada Child Benefit (CCB) top-up—a move aimed at helping households combat the rising cost of living. If passed, this top-up would be one of the most generous enhancements to the […]
As the 2025–26 academic year approaches, the federal government has made a permanent 20% increase to Canada Student Grants, offering significantly more non-repayable aid to students. This boost follows the temporary 40% uplift introduced in 2024 and aims to expand support for low- and middle-income learners across the country. What Is the Grant Increase and Why It Matters In 2024, grants […]
In welcome news for millions of Canadians, the federal government has confirmed that the $500 Climate Action Incentive (CAI) rebate will be distributed beginning October 15, 2025. The rebate, managed by the Canada Revenue Agency (CRA), helps offset rising energy and fuel costs resulting from carbon pricing. This tax-free quarterly payment returns carbon tax revenues […]
Canadian seniors are in for a substantial financial boost this fall. The federal government has approved a $2,500 Canada Pension Plan (CPP) Direct Deposit for November 2025, aimed at helping retirees handle rising inflation, increased healthcare expenses, and growing living costs. This initiative falls under Ottawa’s broader economic relief efforts for older Canadians. Starting November […]
As we move through 2025, the Canada retirement age and pension system are once again in the spotlight. Rising inflation, increasing life expectancy, and long-term sustainability concerns about the Canada Pension Plan (CPP) and Old Age Security (OAS) have ignited a fierce national debate. With over 20% of Canadians projected to be 65 or older by 2030, pressure is mounting on policymakers […]
If you’re approaching retirement or already receiving CPP, you’ll want to know about the Canada $816 to $1,364 Retirement Pension Increase. This update brings essential changes to eligibility criteria, payment schedules, and strategies to maximize your benefits. Read on to learn how this affects you. What Is the CPP Pension and Why the Increase Matter […]
