Millions of Canadians facing rising cost-of-living pressures are set to receive a $250 one-time relief boost from the Canada Revenue Agency (CRA) in August 2025. This tax-free payment is designed to assist low- and middle-income households struggling with high inflation, rent, and daily expenses. In this article, we cover who qualifies, when the payment will be made, and how to ensure you receive it. What Is the CRA’s Continue reading
Canada
CRA Confirms $179 GST/HST Credit – Check Your Eligibility And Payment Details Now
As Canadians continue to face rising expenses on basic needs, the Canada Revenue Agency (CRA) is providing targeted relief through the GST/HST credit, delivering up to $179 to qualified individuals. This tax-free quarterly benefit helps low- and moderate-income households offset costs related to goods and services tax (GST) or harmonized sales tax (HST) paid on essentials such as groceries and utilities. This article explains who qualifies, Continue reading
Who’s Getting A Raise? 2025 Canada Minimum Wage Updates By Province
As the cost of living continues to rise across Canada, minimum wage rates are being adjusted in 2025 to help hourly workers keep up. These changes aim to maintain purchasing power and ensure that wages reflect the impact of inflation, rent increases, and food prices. If you’re paid hourly, these wage hikes could directly affect your paycheck. Let’s break down the latest minimum wage updates Continue reading
Canada Child Benefit Rises Again – See Your New August 2025 Payment
Starting August 2025, millions of Canadian families will receive higher monthly payments through the Canada Child Benefit (CCB), as the Canada Revenue Agency (CRA) adjusts benefit amounts to keep pace with inflation. With the rising cost of living, especially in areas like groceries, rent, and childcare, these updates are aimed at giving parents more financial support when they need it most. Whether you’re a Continue reading
2025 NRC Canada Research Associate Program – Who’s Eligible & How To Apply
Are you a recent Ph.D. or Master’s graduate in science or engineering looking to launch a high-impact research career? The 2025 NRC Canada Research Associate Program might be the breakthrough you’ve been waiting for. Designed for early-career researchers, this prestigious and fully-funded opportunity allows you to work on cutting-edge technologies at one of Canada’s most advanced research facilities — the National Research Continue reading
Canada’s $628 Grocery Rebate Coming In August 2025 – Eligibility, CRA Payout Details & What You Must Know
As the cost of living continues to rise, Canadian households are set to receive a one-time financial boost in August 2025. The Canada Grocery Rebate 2025, administered by the Canada Revenue Agency (CRA), aims to provide relief from grocery and essential living costs for low- and modest-income families. This tax-free rebate is designed to counteract the impact of inflation and ensure Continue reading
Top Banks Recognized For Community Impact – OCC Applauds CRA Excellence
The Office of the Comptroller of the Currency (OCC) recently released its latest list of banks that were checked for how well they follow the Community Reinvestment Act (CRA). This Act makes sure that banks give loans and financial help to low- and middle-income neighborhoods, not just rich areas. In this report, six banks were Continue reading
Canada’s Key Payments In August 2025 – CCB, CPP, ODSP, OAS, And More Explained
Canada’s government offers various benefits and support programs to help citizens, especially those in need. For August 2025, several critical payments will be distributed, helping Canadians with everyday expenses, health care, and retirement planning. These payments come from different government programs, such as the Canada Child Benefit (CCB), Canada Pension Plan (CPP), Ontario Disability Support Continue reading
Surprise Early Payments – Ontario Residents To Receive August Government Funds Ahead Of Schedule
Ontario residents signed up for the Ontario Trillium Benefit (OTB) should keep an eye on their bank accounts: the August 2025 payment is set to land on Friday, August 8, instead of the usual 10th. This early deposit is due to the standard payment date falling on a weekend or statutory holiday, which pushes the payment to the last working Continue reading
3 CRA Red Flags That Could Trigger Trouble When Withdrawing RRSPs In Retirement
Retirement planning often centers on Registered Retirement Savings Plans (RRSPs)—a proven way to defer taxes until you retire. But today’s retirement landscape is changing. Many Canadians continue working part-time into their senior years due to rising costs. This shift has triggered three key CRA red flags that could drastically increase your taxes or spark penalties if RRSP Continue reading