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canada revenue agency taxes

canada pension plan

Canada Pension Plan payments go out soon — Here's how much $ you can receive this July

While July is coming to a close, there are still a couple of federal benefits set to go out to eligible Canadians, including the Canada Pension Plan.

Given the significant rise in the cost of living, it's understandable that Canadians, especially those in low-income households, are seeking ways to manage inflation. This includes working extra hours, cutting expenses, or applying for additional government assistance.

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canada carbon rebate

Canada Carbon Rebate payments go out soon — Here's how much $ you can receive

As of mid-July, Canadians can expect several payments from the Canada Revenue Agency (CRA), including the Canada Carbon Rebate.

With the soaring cost of living, many Canadians, especially low-income families, are seeking ways to manage inflation through additional work, cost-cutting, or extra government assistance.

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federal benefits

Old Age Security payments go out soon and here's how much $ you can receive

As May draws to a close, Canadian residents can expect one final monthly payment from the Government of Canada.

The Old Age Security (OAS) payment will be distributed soon, providing eligible Canadians with potentially hundreds of dollars this month. According to the Canada Revenue Agency (CRA), OAS is a monthly, taxable benefit available to seniors aged 65 and older.

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canada pension plan

Canada Pension Plan payments go out soon — Here's how much $ you can receive

As the month of May nears its end, Canadian residents can expect one more monthly payment from the Government of Canada.

The Canada Pension Plan (CPP) is being paid out soon and eligible Canadians can be entitled to hundreds of dollars this month. According to the Canada Revenue Agency (CRA), the CPP retirement pension is a monthly, taxable benefit that replaces part of your income when you retire. If you qualify, you’ll receive the CPP retirement pension for the rest of your life.

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government of canada

Government Benefits & Credits Canadian Newcomers Can Receive In 2024

Considering the cost of living in Canada has increased significantly due to inflation, Canadian newcomers are certainly feeling the wrath of the economy and are seeking financial aid, particularly those from lower-income families.

The Canada Revenue Agency (CRA) has outlined several government benefits and credits that Canadian newcomers are eligible for upon entering Canada and/or filing their income taxes.

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revenu québec

Canadians Can Receive Up To $600 From This Revenu Québec Tax Credit

Quebec residents still have time to claim the Cost of Living tax credit through Revenu Québec to help mitigate the cost of groceries, rent and day-to-day necessities.

On January 25, 2024, Revenu Québec announced the extension of the Cost of Living credit, giving you up until this summer to claim the refundable tax credit.

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federal benefits

Canadians Can Receive Over $2,400 From This Federal Benefit In 2024

The Government of Canada is extending a handful of federal benefits and credits to eligible Canadians throughout 2024 — the Canada Workers Benefit (CWB) included.

The refundable tax credit is available to "help individuals and families who are working and earning a low income," per the Canada Revenue Agency. The benefit is split into two parts: a basic amount and a disability supplement.

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tax season canada

Tax Season Has Begun In Canada — Here Are The 8 Biggest Scams To Avoid

The idea of taxes alone can be taxing, especially if you have multiple returns to submit, but it's when you're tired or avoidant that scam artists can do the most damage.

This year, the Canada Revenue Agency (CRA) is warning of phone-based cons promising refunds and online swindles stealing personal and bank account info. You may think you're impervious to those tricks, but some can be surprisingly convincing. Plus, you should probably brush up on them to warn the older, less tech-savvy people in your life.

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The Canada Revenue Agency Announced Major Changes That Could Affect Your 2022 Taxes

As tax season fast approaches, navigating this time of year is no easy feat and with new changes outlined by the Canada Revenue Agency — it can sometimes feel too overwhelming.

We’re making tax season a little bit easier for you to cope with a list of the newly announced changes that could affect your 2022 taxes, including significant changes to tax brackets and the first-time homebuyers' tax credit.

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