There’s been quite a buzz lately regarding a special payment for Canadian seniors. The headline making rounds is: Mark Carney Announces $1,576 Monthly for Seniors in April 2025. But is it official? Let’s break it down. What’s the $1,576 OAS Payment All About? As per recent discussions and speculations, seniors in Canada may receive a … Read more
Lately, there’s been a lot of buzz around a supposed $928 payment from the CRA in April 2025. Let’s clear the air—there is no new or recurring $928 benefit this month. However, that doesn’t mean financial support has disappeared. In fact, several helpful programs like the Canada Child Benefit, Canada Carbon Rebate, and GST/HST Credit … Read more
The CRA Disability Tax Credit 2025 is a vital support initiative by the Canada Revenue Agency (CRA) aimed at easing the extra financial load that comes with living with disabilities. This credit isn’t a cash benefit but a non-refundable tax credit designed to reduce the amount of income tax that eligible individuals owe. Whether it’s … Read more
In 2025, the Canada Revenue Agency (CRA) and Service Canada have increased the maximum weekly Employment Insurance (EI) benefit to $695, offering a much-needed financial cushion for those who lost their jobs through no fault of their own. Whether it’s due to layoffs or company shutdowns, this payment is designed to help Canadians stay financially … Read more
In Canada, the Canada Revenue Agency (CRA) manages major financial benefits for seniors, including the Old Age Security (OAS) and Canada Pension Plan (CPP). These programs are crucial parts of Canada’s retirement system and are relied upon by millions of Canadians for financial support in their later years. Every year, CRA updates the rules and … Read more