Starting July 2025, Canadian families may receive a significant increase in financial support through a newly proposed \$1,200 Canada Child Benefit (CCB) top-up. If approved, this measure would deliver additional relief to millions of families already feeling the squeeze from inflation, rising rent, and childcare costs. This potential increase was introduced in Parliament and is … Read more
In 2025, the Canada Revenue Agency (CRA) has reaffirmed its support for low-income workers by continuing the Canada Workers Benefit (CWB)—a major refundable tax credit designed to ease financial strain on working individuals and families. Eligible recipients can receive up to \$1,428 every quarter, totaling \$5,712 annually. This makes the CWB one of the largest … Read more
As inflation and living expenses continue to weigh on household budgets, Canadians with low to moderate incomes are set to receive some timely relief. On July 5, 2025, the Canada Revenue Agency (CRA) will issue its latest instalment of the GST/HST credit, a tax-free quarterly payment designed to help offset the cost of federal and … Read more