Many Canadians may notice an unexpected deposit in their accounts this June 2025. These extra credits from the Canada Revenue Agency (CRA) could stem from ongoing benefits, tax adjustments, or retroactive top-ups. If you’ve filed your taxes and meet eligibility criteria, you might be in line for one of these payments. Here’s a full breakdown of what to watch … Read more
The Canada Carbon Rebate (CCR), previously known as the Climate Action Incentive Payment (CAIP), continues to provide crucial financial assistance to Canadian households. Designed to offset the rising costs of carbon pollution, the CCR remains a cornerstone of the federal carbon pricing initiative. Managed by the Canada Revenue Agency (CRA), the rebate is issued quarterly and is … Read more
Recently, there have been widespread headlines about a May 2025 extra $4,200 CPP payment every month, but is this really true? In reality, there is no official $4,200 monthly CPP payment. Instead, the Canada Pension Plan (CPP) is undergoing significant enhancements that will improve retirement benefits starting in 2025. While the changes will lead to … Read more