CRA

CRA Announces 3 New Benefit Payments for Ontario in March 2025 – Eligibility Criteria Explained!

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CRA Announces 3 New Benefit Payments for Ontario in March 2025 – Eligibility Criteria Explained!

The Canada Revenue Agency (CRA) is set to distribute three major financial benefit payments in March 2025, targeting families, individuals, and households across Ontario. This initiative is part of the government’s ongoing effort to address rising living costs and enhance financial stability for Canadians. Whether you’re a parent, a senior, or someone managing household expenses, … Read more

Canada Child Benefit Payment to Increase in Mid-2025

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Canada Child Benefit Payment to Increase in Mid-2025

In a welcome financial relief for Canadian families, the Canada Child Benefit (CCB) is set to increase starting July 2025, coinciding with the 2025-2026 benefit year. This adjustment aims to support households facing rising costs and inflation. The revised CCB payments will see a 2.7% increase, aligning with inflation trends. This means families can now … Read more

Canada’s $250 Boost: GST Relief Payment Arriving March 2025 – Check Your Eligibility Now!

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Canada’s $250 Boost: GST Relief Payment Arriving March 2025 – Check Your Eligibility Now!

In a bid to ease rising living costs, the Canadian government is set to issue a Canada $250 GST Relief Payment in March 2025. This tax‐free, one-time supplement to the regular GST/HST credit is designed to support over 18.7 million Canadian households by offsetting increased expenses—especially during the holiday season when costs typically soar. What … Read more

Canada Child Benefit 2025- Essential Financial Relief For Canadian Families

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Canada Child Benefit 2025- Essential Financial Relief For Canadian Families

The Canada Child Benefit (CCB) 2025 continues to play a vital role in supporting families across Canada. This government-administered program provides monthly tax-free payments to help cover the essential costs of raising children under the age of 18. With adjustments to payment amounts and improved application systems in response to rising living costs, the CCB … Read more

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

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

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

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

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

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

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

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

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

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