The CRA provides various benefits and tax credits to support seniors, including the Old Age Security (OAS) and Guaranteed Income Supplement (GIS). These programs are designed to help low-income Canadians meet their basic living expenses and maintain financial stability in retirement.
In March 2025, Ontario residents can expect three new benefit payments from the Canada Revenue Agency (CRA), designed to help families, individuals, and households manage financial challenges.
CRA confirms a $1,050 monthly pension under CPP for 2025. This comprehensive guide explains eligibility, application steps, and payout scenarios. Packed with tips and trusted links, it’s the ideal roadmap to a secure and well-informed retirement for Canadian seniors.
The Canada Child Benefit (CCB) payment is arriving early this April 2025—on April 17 instead of the usual 20th. Updated benefit amounts mean more money for Canadian families, with a maximum of $7,787 per child under 6. This detailed guide breaks down new CCB payment dates, annual rates, and tips for staying eligible. Ideal for parents and professionals alike, this expert-backed overview ensures you don’t miss out on essential family support.
The $628 Grocery Rebate is a one-time payment aimed at providing financial relief to low- and modest-income Canadians. Learn about eligibility, how much you could receive, and how the payment is processed through the Canada Revenue Agency.
Reviewing your RRSP beneficiaries is an often-overlooked yet crucial task in estate planning. By ensuring that your beneficiaries are properly designated, you can avoid unnecessary taxes, probate fees, and complications for your loved ones. Regularly updating your designations after major life changes can save you and your estate thousands of dollars and provide peace of mind.
