As May 2025 approaches, many Canadian seniors are curious about the $2,400 CRA direct deposit payment that’s been making headlines. However, it’s essential to understand that there isn’t a one-time, lump-sum payment of $2,400 coming for seniors this May. Instead, a combination of various federal benefits available through the Canada Revenue Agency (CRA) and Service … Read more
In 2025, the Canadian government will roll out the $250 GST Relief Payment, providing crucial financial support to low- and moderate-income families. The Canada Revenue Agency (CRA) will issue this tax-free payment quarterly to help Canadians manage rising living costs and inflation pressures. This article covers who qualifies, how to apply, payment dates, and everything … Read more
As the 2025 tax season draws to a close, Canadians are quickly approaching the deadline to file their 2024 income tax returns. The Canada Revenue Agency (CRA) is urging taxpayers to act promptly to avoid severe penalties, interest charges, and interruptions to essential government benefits. This guide provides everything you need to know about the … Read more
In April 2025, eligible Canadian seniors can receive up to $1,280 per month through the Old Age Security (OAS) program and the Guaranteed Income Supplement (GIS). These payments aim to support seniors in managing living expenses such as housing, healthcare, and daily necessities. Eligibility Criteria for April 2025 OAS Payment To qualify for the OAS … Read more
The Old Age Security (OAS) program in Canada is designed to support senior citizens with their financial needs after retirement. This program provides monthly payments to eligible low-income seniors, helping them cover essential expenses such as medical bills, transportation, and other living costs. In April 2025, there are anticipated adjustments to the OAS payment, potentially … Read more
Rumors are circulating about a $3,800 Old Age Security (OAS) payment coming to Canadian seniors in April 2025. But is it legitimate, or just misinformation? As of March 31, 2025, there is no official confirmation from the Government of Canada about a one-time $3,800 OAS payment. However, seniors will continue receiving their scheduled monthly benefits, … Read more
In 2025, the Canada Revenue Agency (CRA) continues to provide financial support to low-income seniors through the Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) programs. Combined, these benefits can offer up to $2,460 annually in additional support, helping seniors manage daily expenses amidst rising living costs. Eligibility Criteria To qualify for the … Read more
As the tax deadline in Canada approaches, those who have not yet filed their 2024 income tax return should start preparing. The Canada Revenue Agency (CRA) has issued reminders for Canadians to act quickly, as missing the deadline can lead to hefty penalties and delayed government benefits. Current Filing Status in Canada As of last … Read more
The Canada Disability Benefit (CDB), established through Bill C-22, is a federal initiative aimed at providing financial assistance to working-age Canadians with disabilities. The benefit seeks to reduce poverty and enhance financial security for eligible individuals. The finalized regulations came into effect on May 15, 2025, with the first payments scheduled for July 2025, covering … Read more
In 2025, Canadian seniors could receive up to $1,433 per month through the Canada Pension Plan (CPP), administered by the Canada Revenue Agency (CRA). This benefit is designed to provide financial stability for retirees who contributed to CPP throughout their working life. The monthly amount is adjusted annually based on inflation and cost of living indexes. This article outlines … Read more