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% […]
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 […]
The Canada Workers Benefit (CWB) continues to be a financial lifeline for millions of low-income workers in 2025. With a total maximum annual payout of $5,712, the Canada Workers Benefit provides quarterly tax-free payments to help cover everyday essentials like housing, groceries, and transportation. As economic pressures grow, this benefit is more important than ever. What is the […]
Canada has officially released the Old Age Security (OAS) payment schedule for October 2025, reaffirming its dedication to supporting seniors aged 65 and above. This monthly benefit remains a cornerstone of retirement income, offering predictable deposit dates, inflation-adjusted payments, and clear eligibility criteria. Whether you’re already a beneficiary or nearing eligibility, this comprehensive guide will […]
