In a major update for 2025, the Canada Revenue Agency (CRA) has confirmed that eligible Canadians could receive up to \$8,986 in Disability Tax Credit (DTC) refunds this year. The DTC is a non-refundable tax credit designed to reduce the income tax burden for people living with severe and long-term disabilities — and in many … Read more
Canadian households hit hard by rising grocery prices are set to receive a welcome boost this summer. The federal government has confirmed that the \$1,000 Grocery Rebate will be distributed by the Canada Revenue Agency (CRA) starting July 15, 2025. This one-time, tax-free payment is designed to help low- and modest-income individuals and families cope … Read more
Families across Canada caring for children with disabilities will see essential financial support continue in July 2025 through the Child Disability Benefit (CDB). Administered by the Canada Revenue Agency (CRA), this monthly, tax-free benefit provides targeted assistance to help cover the high costs of care, therapies, specialized equipment, and education for children with significant physical … Read more
Canadian seniors will soon see a welcome bump in their monthly income as Canada Pension Plan (CPP) payments increase starting July 2025. The change, confirmed by the Canada Revenue Agency (CRA), comes at a time when inflation continues to drive up the cost of food, housing, healthcare, and other everyday expenses. The mid-year adjustment will … Read more
As grocery bills continue to rise across Canada, the federal government is once again stepping in to provide targeted relief. The Canada Grocery Rebate, administered by the Canada Revenue Agency (CRA), will deliver a one-time, tax-free payment in September 2025 to help low- and modest-income households manage the high cost of food and essential items. … Read more
As grocery bills in Canada continue to climb to record highs, financial relief is finally on the horizon for millions of Canadians. The Canada Revenue Agency (CRA) has confirmed it will issue a one-time \$234 Canada Grocery Rebate in August 2025, aiming to help low- and modest-income households cope with the ongoing pressure of food … Read more
For Canadian seniors preparing for or already in retirement, 2025 could bring a welcome boost to financial stability. By combining the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS), eligible retirees could receive up to \$2,500 per month in government benefits. However, that figure represents the maximum possible payout—not … Read more
Losing a spouse or common-law partner can be one of life’s most difficult challenges — emotionally, mentally, and financially. For Canadians in their early 60s who suddenly find themselves without the primary household income, the financial strain can be overwhelming. To provide relief during this period, the federal government offers the Allowance for the Survivor, … Read more
As Canada moves through the second half of 2025, a major conversation is resurfacing in both Parliament and households across the country — whether to raise the national retirement age and reshape pension withdrawal rules. With inflation, longer life expectancy, and mounting financial strain on public pension systems such as the Canada Pension Plan (CPP) … Read more
The Canada Workers Benefit (CWB) is back in 2025 with enhanced support, offering up to \$2,739 for eligible families and \$1,518 for individuals. For those living with a disability, a supplement of up to \$737 may be added on top. As a refundable tax credit, the CWB allows you to receive money even if you … Read more