You may have seen posts claiming a $3,100 “payment boost” for Canadian pensioners. There is no official one-time $3,100 increase. What is confirmed is the regular Canada Pension Plan (CPP) and Old Age Security (OAS) payments—plus Guaranteed Income Supplement (GIS) where eligible—arriving on September 25, 2025. Here’s the key context: CPP and OAS amounts are…
Canadian seniors rely heavily on Canada Pension Plan (CPP) and Old Age Security (OAS) benefits to manage their daily expenses. With inflation rising and the cost of essentials like housing, groceries, and healthcare continuing to climb, the government has made adjustments to pension amounts. In September 2025, eligible seniors may receive up to $2,233 per…
Canadians have some good news this year. The government has confirmed a $500 One-Time Tax Refund in 2025, which will be sent automatically to eligible taxpayers. This special payment is meant to provide quick financial relief to families and individuals who are struggling with rising costs of living, such as expensive groceries, higher rent, and…
Managing daily expenses can be difficult for families with low or modest income in Canada. To help with this, the GST/HST Credit 2025 offers tax-free payments that provide relief four times a year. These quarterly payments are managed by the Canada Revenue Agency (CRA) and are designed to reduce the tax burden while ensuring households…
In 2025, a big discussion is happening in Canada about retirement age and pensions. With more seniors, higher costs of living, and longer lifespans, the question is simple: Can Canada’s pension system continue to support everyone at age 65? Currently, Canadians can claim Canada Pension Plan (CPP) and Old Age Security (OAS) at 65, but…
Canadian seniors continue to face pressure from rising living costs, including housing, food, medical care, and utilities. To provide relief, discussions around a combined $2,300 OAS and $1,300 GIS payment in September 2025 have created widespread attention. Currently, the Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) remain the backbone of financial assistance…
If you live in Alberta and raise kids under 18, the Alberta Child and Family Benefit (ACFB) can put real cash in your pocket. In 2025, families can receive a base amount worth about $124 per month for the first child plus a working-income top-up worth about $64 per month for the first child, both…
Filing late can cost you more than you think. The CRA late-filing penalty, daily-compounding interest, and even instalment penalties can stack up fast if you miss key dates. Below is the up-to-date snapshot of rates, deadlines, and payment amounts Canadians need to know for the 2024 tax year filed in 2025. Late-Filing Penalty Rates In…
The Canada Disability Benefit (CDB) is live for working-age adults with disabilities. The first month of eligibility is June 2025, and payments started in July 2025 for applications approved by June 30. Ongoing payments are issued on the third Thursday of each month. For the first benefit year (July 2025–June 2026), the maximum is $2,400/year…
Canada introduced a new $200 per month payment for working-age people with disabilities in 2025. Many readers mix this up with the Disability Tax Credit (DTC). Here’s the key clarity: the $200/month cash benefit is the Canada Disability Benefit (CDB), and DTC approval is a prerequisite to receive it. What The $200 Monthly Payment Really…