An unfounded assertion going around says that the Canada Revenue Agency (CRA) is going to pay a one-time instalment of $2,500 in July 2025 to everyone who receives Canada Pension Plan (CPP) or Old Age Security (OAS) benefits. Although the figure resonated with many seniors orienting their attention toward rising inflation, the CRA and the … Read more
There is a speculation that every 65-year-old resident of Canada will be issued a $5,000 tax refund this summer. However, this blanket payment has not been confirmed by neither the CRA nor the federal government. In addition, this claim looks like a product of misunderstandings mixed with a bit of speculation about how the tax … Read more
Refunds, tax credits, and other government payments such as pensions can be received through direct deposit from the Canada Revenue Agency (CRA). Direct deposit is a safe and effective form of payment where funds are deposited directly into the recipient’s bank account. Coupled with its safety and speed, it helps eliminate delays and other issues … Read more
The Canada Revenue Agency (CRA) has stated that the $400 Carbon Rebate (previously the Climate Action Incentive Payment) will be paid out in August 2025. This is a quarterly, non-taxable payment, intended to ease the effects of federal carbon pricing on families and assist with the management of household expenses. The CRA has also provided … Read more
In May 2025, the Canada Revenue Agency (CRA) released a new tool that helps Canadian parents track their CCB payments. The feature makes it easier to access benefits, giving families who rely on assistance more insight. How The CCB Tracker Works CCB Tracker, accessible through the CRA My Account portal, acts as a consolidated dashboard … Read more
With effect from April 2025, the Canada Carbon Rebate (CCR), previously known as the Climate Action Incentive Payment (CAIP), will no longer be in effect, due to action from the Canadian government. This impacts eligible citizens since their final quarterly payments have already been issued and no further rebates will be forthcoming. Understanding The Carbon … Read more