The Canada Caregiver Credit (CCC) is a non-refundable tax credit that helps reduce the income tax you owe when you support a spouse, partner, child, or other dependant with a physical or mental impairment. It is not a monthly benefit and does not have a fixed deposit day—you claim it on your tax return. Who…
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…
If you’ve seen headlines about $2,500 “windfall” checks for CPP and OAS recipients in September 2025, here’s the truth: there is no special $2,500 bonus for living CPP/OAS beneficiaries scheduled this month. The figure $2,500 refers to the CPP death benefit, a one-time payment made to the estate (or eligible person) when a contributor dies—it…