The Canada Revenue Agency (CRA) is urging Canadians who missed the April 30, 2025 deadline for their 2024 income tax return to file as soon as possible. While the deadline has passed, that doesn’t mean the opportunity is gone. You could still receive valuable refunds and ensure uninterrupted access to benefits. Why Filing Now Could Continue reading
Finance
GST/HST Credit 2025 Find Out How Much You’ll Receive Based on Your Income
The Canada Revenue Agency (CRA) has released the 2025 GST/HST credit schedule, including updated income thresholds and revised benefit amounts. The GST/HST credit is a tax-free quarterly payment designed to help low- and modest-income Canadians recover a portion of the sales taxes they pay. With inflation and changing economic conditions, the CRA has revised eligibility Continue reading
CRA $2,400 Disability Benefit for May 2025 Eligibility, Payment Schedule, and Application Process
The Canada Disability Benefit (CDB) is a groundbreaking federal initiative launching in July 2025 to support low-income, working-age Canadians with disabilities. This monthly payment of up to $200—totalling $2,400 annually—aims to reduce poverty and improve financial stability for individuals with disabilities across the country. Overview of the Canada Disability Benefit What Is the Canada Disability Continue reading
May 2025 GST/HST Credit Update See What You Qualify For Based on Income and Family Size
If you’re a low or middle-income earner in Canada, you could be eligible for tax relief through the updated GST/HST credit program. As of May 2025, the Canada Revenue Agency (CRA) has introduced new income thresholds and increased payment amounts for this vital benefit. This article breaks down everything you need to know about the Continue reading
All CRA Payments Arriving in June 2025 GST, CCB, Climate Rebates & More
A Financial Lifeline as Canadians Face Ongoing Cost of Living Pressures As the summer season approaches, many Canadians are set to receive vital financial support from the Canada Revenue Agency (CRA) in June 2025. With inflation and living expenses still elevated across the country, these payments offer critical relief for households managing tight budgets. Key Continue reading
CRA Benefits May 2025 5 Payments Arriving This Month Worth Up to $1,908
The Canada Revenue Agency (CRA) is issuing a series of major payments this May to support families, seniors, parents, and late tax filers in Ontario. These benefits, designed to ease the financial burden of inflation and living expenses, can add up to as much as $1,908 for qualifying households. If you live in Ontario and Continue reading
Seniors to Get $727.67 to $800.44 OAS Payment on May 28 See If You’re Eligible
For Canadian seniors aged 65 and over, May brings a critical date—Wednesday, May 28. On this day, millions will see their Old Age Security (OAS) pension payment land in their accounts. Whether you’re already receiving benefits or approaching eligibility, this comprehensive guide explains everything you need to know about the May 2025 OAS payment, including Continue reading
New $300 Federal Benefit for Canadians in 2025 Eligibility and Payment Dates Explained
As Canadians continue to face the strain of rising inflation and living expenses, the federal government has introduced a targeted relief measure: a one-time, tax-free $300 payment for eligible low- and moderate-income individuals and families. This payment is part of a larger 2025 financial support initiative designed to ease economic stress for vulnerable citizens. What Continue reading
$23 Million TransUnion Settlement Over Credit Report Disputes: Who Qualifies, How to Claim, and What You Could Get
In a significant legal development, credit reporting giant TransUnion has agreed to a $23 million class action settlement following allegations that it failed to properly investigate consumer disputes regarding credit report inquiries. The settlement, which affects nearly half a million Americans, opens the door for eligible individuals to receive compensation—without even filing a claim in Continue reading
New U.S. Retirement Age Rules Take Effect in May 2025 What You Need to Know
As of May 2025, a significant number of Americans born in 1959 are reaching a major retirement milestone. These individuals will hit their Full Retirement Age (FRA) of 66 years and 10 months this year, reflecting the phased changes implemented under the 1983 amendments to the Social Security Act. This development plays a crucial role Continue reading