Canada

March 2025 Government Benefits: Payment Dates for Canada Child Benefit, CPP, OAS, ODSP, and More – Application Details and Amounts

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March 2025 Government Benefits: Payment Dates for Canada Child Benefit, CPP, OAS, ODSP, and More – Application Details and Amounts

Staying informed about your government benefit payment dates is crucial to managing your finances. In March, eligible Canadians will receive payments for various federal and provincial benefits, including the Ontario Trillium Benefit (OTB), Canada Child Benefit (CCB), Canada Pension Plan (CPP), Old Age Security (OAS), Ontario Disability Support Program (ODSP), and the Veteran Disability Pension. … Read more

How the CRA Determines Who Can File Their Taxes by Phone in 2025 in Just 10 Minutes

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Since February 5, 2024, more than 33 million tax returns have been filed by Canadians. Among them, a small percentage opted for a quick and simple method—filing by phone. This process, which takes approximately 10 minutes, is facilitated through the Canada Revenue Agency (CRA)’s SimpleFile by Phone (SFP) service. Despite being a lesser-used method, 51,555 … Read more

Claim Your $8,000 CRA Tax Benefit for March 2025- Eligibility and How to Apply Now!

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Owning a home is a major milestone, but for many first-time buyers, the financial burden can be overwhelming. Fortunately, the Canada Revenue Agency (CRA) is offering an $8,000 tax benefit in March 2025 to help eligible individuals achieve their homeownership dreams. This benefit is provided through the First Home Savings Account (FHSA) and offers substantial … Read more

CRA Announces Penalty Relief for Taxpayers- What You Need to Know

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The delay in implementing the capital gains inclusion rate increase until January 1, 2026, has triggered a series of relief measures by the Canada Revenue Agency (CRA). These measures aim to mitigate uncertainty for taxpayers and tax professionals during this transitional period. CRA Relief Announcements Extension of Filing Deadlines and Penalty Relief On January 31, … Read more

Canada CRA Confirms February 2025 Pension Payment of $2,166 – Get the Details!

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The Canada Revenue Agency (CRA) has confirmed that eligible Canadian seniors will receive a pension payment of up to $2,166 in February 2025. This important announcement has raised several questions surrounding eligibility, application processes, and the specifics of the payment. This article will provide a comprehensive breakdown of the details, helping you navigate the system … Read more

$2,900 CPP Boost In March 2025 – What It Means For Retirees?

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As March 2025 approaches, many Canadians are eager to understand the anticipated $2,900 annual increase in Canada Pension Plan (CPP) benefits. This enhancement aims to provide greater financial security during retirement. This article delves into the specifics of this increase, eligibility criteria, and strategies to maximize your CPP benefits. Understanding the $2,900 CPP Increase The … Read more

Canada CRA $2,200 Direct Deposit In February 2025 – When To Expect Payment?

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As February 2025 approaches, eligible Canadian seniors can receive a direct deposit of up to $2,200 from the Canada Revenue Agency (CRA). This amount comprises payments from Old Age Security (OAS), the Guaranteed Income Supplement (GIS), and the Canada Pension Plan (CPP). Understanding eligibility criteria, payment dates, and the application process ensures that seniors receive … Read more

CPP Increase 2025 – What Retirees Need To Know About Enhanced CPP Benefits

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Significant changes are coming to the Canada Pension Plan (CPP) in 2025, with higher benefit amounts set to improve the financial security of Canadian retirees. The CPP Increase 2025 is designed to counteract the effects of inflation and rising living costs, ensuring that retirees receive greater monthly payments to better manage daily expenses. This comprehensive … Read more

While Some Canadian Pension Funds Acknowledge the Urgency of Climate Change, Others Do Not

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Canada’s national pension plan is facing significant criticism for failing to meet its climate change commitments, while some of the country’s leading pension funds are actively working to meet their ambitious sustainability goals. According to the Shift Action for Pension Wealth and Planet Health report released on February 19, Canada’s pension fund managers are not … Read more

2025 CPP, OAS, CWB, CAIP, GST and HST Payment Dates- Eligibility Requirements Explained

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In 2025, millions of Canadians will benefit from various government financial programs designed to offer support and stability. These include Canada Pension Plan (CPP), Old Age Security (OAS), Canada Workers Benefit (CWB), Climate Action Incentive Payment (CAIP), and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit. These payments are essential in helping retirees, low-income … Read more

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