Old Age Security (OAS) is one of the most important retirement benefits for Canadians over the age of 65. Every month, it helps seniors cover basic living expenses. However, many retirees are shocked when they notice that their OAS payments are suddenly reduced or even stopped. This happens because of the OAS Clawback, also called … Read more
Tax planning is a vital part of retirement security for Canadian seniors. One powerful tool—pension income splitting—allows retirees to reduce their tax burden by allocating up to 50% of eligible pension income to a lower-income spouse or common-law partner. But the Canada Revenue Agency (CRA) has recently tightened enforcement around eligibility rules for 2025. Here’s what retirees need to … Read more
As September 2025 approaches, millions of Canadians are preparing to receive their government benefit payments. Both the Canada Revenue Agency (CRA) and Service Canada administer several programs that provide financial assistance to households, seniors, parents, and veterans. With inflationary pressures still high, these benefits are a vital lifeline for managing everyday expenses like groceries, rent, utilities, and child care. This … Read more
The Canada Pension Plan (CPP) is one of the most important retirement benefits available to Canadian seniors. Each year, the government adjusts CPP payments to keep up with inflation and changing financial needs. In 2025, retirees will receive another pension increase, helping them deal with higher costs of living. Many Canadians are eager to know … Read more
For Canadians who are unable to work due to a severe and prolonged disability, the Canada Pension Plan (CPP) Disability Pension provides essential financial support. In 2025, the maximum monthly benefit has been set at $1,673, ensuring individuals who contributed to CPP but became disabled before retirement can still maintain financial security. This article covers eligibility rules, payment structure, schedules, … Read more
Raising a family in Canada comes with steep costs—from groceries to housing and childcare. To help ease these burdens, the Canada Revenue Agency (CRA) is providing a $445 monthly family benefit for 2025. This additional support complements existing programs like the Canada Child Benefit (CCB) and provides tax-free relief for families across the country. What Is the $445 Monthly Family … Read more
Raising kids is expensive, and that’s exactly why the Alberta Child and Family Benefit (ACFB) 2025 matters. This tax-free provincial support is designed to help low- and modest-income families cover everyday costs with a simple structure and automatic payments managed by the CRA. For 2025, parents can look forward to the familiar $124 + $62 … Read more
The Canada $250 Cost of Living Payment 2025 has been officially confirmed by the government to support Canadians facing rising expenses. With inflation pushing up the prices of groceries, fuel, rent, and basic household needs, this one-time $250 support payment is designed to help seniors, pensioners, people with disabilities, and low-income families manage their daily … Read more
With rising inflation, energy costs, and grocery prices, the Canadian government is stepping up to support households. This September, the Canada Revenue Agency (CRA) will deliver an extra GST/HST credit payment, designed to provide one-time relief for low- and middle-income Canadians.—a timely addition alongside the regular credit schedule. What Is the GST/HST Credit? The GST/HST Credit is a tax-free, quarterly benefit aimed at helping Canadians offset the cost … Read more
With grocery prices continuing to rise in 2025, the federal government has confirmed a new one-time rebate of up to $628, set to be distributed in September 2025. Administered by the Canada Revenue Agency (CRA), this initiative is aimed at low- and middle-income households, helping them cope with the burden of inflation on essential food and household supplies. For millions … Read more