As more Canadians bring their investments back home, the Canada Revenue Agency (CRA) is taking extra steps to ensure compliance with tax regulations. While repatriating investments can be beneficial, there are specific actions and behaviors that might prompt the CRA to scrutinize your financial activities, possibly resulting in an audit. It’s crucial to understand what Continue reading
CRA
OAS $742 Extra Payment Confirmed For 2025 – CRA Reveals Delivery Date & Eligibility!
In 2025, millions of Canadian seniors are set to receive a $742 extra payment as part of their Old Age Security (OAS) benefits. The Canada Revenue Agency (CRA) and Service Canada have confirmed that this one-time payment will provide additional financial support to help older adults manage rising living expenses. What Is the OAS $742 Extra Payment? The $742 extra payment is a non-taxable, Continue reading
CRA $3,900 Monthly Payment Coming in 2025 – Check Eligibility and Payment Dates
In 2025, the Canada Revenue Agency (CRA) will provide eligible Canadians with a significant monthly payment of $3,900. This initiative is designed to support individuals and families as they cope with increased living costs by consolidating several federal benefits into one comprehensive financial package. This guide will walk you through eligibility, payment schedules, and how Continue reading
Canada Approves $2,350 CRA Payment For April 2025 – Check If You Qualify!
The Canada Revenue Agency (CRA) has officially approved a $2,350 payment for eligible Canadians in April 2025, providing major relief amid ongoing inflation and rising living costs. This benefit is targeted primarily at low-income seniors, helping them cover essential expenses and maintain financial stability. Let’s dive into who qualifies, how much you could receive, and how to claim it. What is Continue reading
April 2025 CPP Deposits- Canadians To Receive $1,100 To $3,500 – CRA Payment Details Inside
The Canada Pension Plan (CPP) serves as a crucial financial support system for Canadian retirees, individuals with disabilities, and surviving family members of deceased contributors. In April 2025, many Canadians will receive CPP deposits ranging from $1,100 to $3,500. These payments are essential for maintaining financial stability during retirement or in cases of disability. Understanding CPP Continue reading