Canadian families will receive increased financial relief this spring through the Canada Child Benefit (CCB). In response to inflation and the rising cost of living, the Canada Revenue Agency (CRA) has confirmed an updated benefit schedule for May 2025. The next disbursement is set for May 17, 2025, with new rates reflecting a 4.7% adjustment to help families meet … Read more
If you’re facing a tax bill in Canada, paying on time is crucial to avoid additional penalties and interest. The Canada Revenue Agency (CRA) makes it relatively easy to settle your taxes in various ways, including using a credit card. However, before swiping your card, it’s essential to understand how the process works, the benefits, … Read more
Many Canadians may notice an unexpected deposit in their accounts this June 2025. These extra credits from the Canada Revenue Agency (CRA) could stem from ongoing benefits, tax adjustments, or retroactive top-ups. If you’ve filed your taxes and meet eligibility criteria, you might be in line for one of these payments. Here’s a full breakdown of what to watch … Read more
The Canada Carbon Rebate (CCR), previously known as the Climate Action Incentive Payment (CAIP), continues to provide crucial financial assistance to Canadian households. Designed to offset the rising costs of carbon pollution, the CCR remains a cornerstone of the federal carbon pricing initiative. Managed by the Canada Revenue Agency (CRA), the rebate is issued quarterly and is … Read more
Recently, there have been widespread headlines about a May 2025 extra $4,200 CPP payment every month, but is this really true? In reality, there is no official $4,200 monthly CPP payment. Instead, the Canada Pension Plan (CPP) is undergoing significant enhancements that will improve retirement benefits starting in 2025. While the changes will lead to … Read more