Your retirement savings play a vital role in securing your financial future, serving as the main source of income once you stop working. However, the Canada Revenue Agency (CRA) can take a substantial portion of your savings through taxes, forcing you to delay retirement or live on a tighter budget. While many people carefully plan … Read more
In 2025, a variety of government programs managed by the Canada Revenue Agency (CRA) will provide Canadians with an estimated total of $4,100 in direct payments. This isn’t a single lump sum, but a combination of multiple federal benefits aimed at assisting seniors, low-income workers, and families with children. The amount reflects the total from … Read more
The Canada Pension Plan (CPP) pension increase set for March 2025 promises a significant financial boost for eligible seniors. By combining benefits from Old Age Security (OAS), the Guaranteed Income Supplement (GIS), and CPP, qualifying seniors may receive up to $2,200 per month. This increase is part of the Canadian government’s ongoing efforts to assist … Read more
For many Canadians, the annual tax season brings an exciting prospect—a CRA refund. The Canada Revenue Agency (CRA) ensures that individuals who have overpaid their taxes receive a refund. As the 2025 tax season approaches, Canadians are eager to know when they can expect their refunds and if they qualify for them. This article will … Read more
As of March 2025, thousands of eligible Canadian seniors can expect to receive up to $2,200 per month in retirement income through a combination of federal benefits. This boost comes at a critical time as living costs continue to rise, and it aims to support seniors who rely on fixed incomes. If you are receiving or planning … Read more
In March 2025, Canadian seniors can anticipate a significant financial boost through direct deposit payments from the Canada Revenue Agency (CRA). These payments combine the Old Age Security (OAS) pension with supplementary benefits such as the Guaranteed Income Supplement (GIS), Allowance, and Allowance for the Survivor. Depending on individual circumstances, eligible seniors may receive payments … Read more
As March 2025 approaches, discussions have surfaced regarding a purported $2,650 Old Age Security (OAS) payment for Canadian seniors. It’s crucial to address these claims and provide accurate information to ensure beneficiaries understand their actual entitlements. Understanding OAS and CPP Benefits The Old Age Security (OAS) program offers a monthly pension to seniors aged 65 … Read more
If you are a resident of Canada and looking to stay up-to-date on your government benefits, this guide will help you track the upcoming Canada benefits payment dates in April 2025, understand new payment amounts, and confirm eligibility criteria. Whether you’re receiving Canada Pension Plan (CPP), Old Age Security (OAS), Canada Child Benefit (CCB), or … Read more
The federal minimum wage in Canada is set for a rise in 2025, with a planned increase to $17.75 per hour, starting on April 1, 2025. This change reflects a 2.4% increase over the current minimum wage of $17.30. The wage adjustment is part of Canada’s ongoing efforts to help workers cope with inflation and … Read more
In 2025, the Canadian government is providing an additional GST & HST payment to offer much-needed financial relief to low- and middle-income households. As part of the initiative to ease the burden of rising living costs, the Canada Revenue Agency (CRA) will be issuing the extra payments to eligible individuals and families. This extra GST/HST … Read more