Many headlines claim there is a “CRA $3900 monthly payment in 2025.” In reality, no such single payment exists. What seniors actually receive comes from a combination of programs—Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). These programs are administered through Service Canada, not directly by the Canada Revenue … Read more
For generations, turning 65 in Canada meant freedom from work, a steady Old Age Security (OAS) cheque, and Canada Pension Plan (CPP) benefits rolling in. But by 2025, the picture of retirement is far more complicated. Rising life expectancy, higher living costs, and evolving government policy mean that the once-clear milestone of 65 has blurred. … Read more
The Canadian government has officially confirmed a new round of rent relief payments, with eligible households set to receive \$430 in August 2025. This targeted support comes at a time when housing affordability remains one of the most urgent financial issues across the country. Administered by the Canada Revenue Agency (CRA), the program provides direct … Read more
The Canada Revenue Agency (CRA) has confirmed that eligible Canadians could receive refunds of up to $8986 in 2025, a combination of tax credits and benefits aimed at easing the financial strain of rising living costs. For households struggling with inflation, rent, and grocery bills, this refund offers vital relief. But understanding exactly who qualifies, … Read more
Retirement security remains one of the most pressing issues for Canadians, particularly as the cost of living continues to climb. In 2025, seniors could receive an average monthly retirement income of around $2500, combining the Canada Pension Plan (CPP), Old Age Security (OAS), and the Guaranteed Income Supplement (GIS). This article explains how these programs … Read more
As the cost of living continues to rise across Canada, governments are moving to support workers with minimum wage increases in 2025. Effective April 1, 2025, the federal minimum wage will climb by 2.4% to \$17.75 per hour, while provinces and territories are also implementing their own adjustments. This article provides a complete guide to … Read more
The Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit in Canada is receiving a 2.7% increase starting July 2025, offering extra relief for low- and modest-income households. This tax-free quarterly payment helps offset sales tax expenses on everyday goods and services, easing the financial strain of inflation and rising living costs. Here’s a complete guide … Read more
As living costs continue to rise, the Canadian government is introducing a two-part support package in 2025 aimed at families, seniors, and people with disabilities. Beginning in June, households can benefit from the Multigenerational Home Renovation Tax Credit (MHRTC) worth up to \$7500, alongside the new Canada Disability Benefit (CDB) providing \$200 monthly payments. These … Read more
The rising cost of education has left many Canadian families worried about how to fund post-secondary studies. Tuition, textbooks, housing, and everyday living costs can quickly overwhelm students, particularly those from low- and middle-income households. In 2025, the federal government has confirmed the \$5040 Canada Student Grant, a measure aimed at easing this financial strain … Read more
Retirement has always been a milestone Canadians look forward to — a stage of life where decades of work give way to rest, family time, and long-awaited pursuits. Yet, in 2025, that very milestone is under the microscope. With people living longer, healthcare costs climbing, and government pension programs stretched thin, the retirement age in … Read more