The Canada Child Benefit (CCB) is a non-taxable payment designed to help qualifying families in Canada, and with inflation hitting new highs, rent going up and the cost of groceries skyrocketing, it's safe to say that many Canadian families dealing with economic uncertainty are looking for some financial breathing room.
The Government of Canada is extending a handful of federal benefits and credits to eligible Canadians throughout 2024 the Canada Workers Benefit (CWB) included.
The Government of Canada provides several federal benefits and credits to offer support, especially to families and seniors facing financial challenges. For individuals aged 65 and above, you are eligible for Old Age Security, a monthly stipend providing crucial monetary support to Canadians during their retirement years.
The Climate Action Incentive Payment (CAIP) is a tax-free sum designed to assist qualifying individuals and families in mitigating the expenses associated with federal pollution pricing. With the surge in inflation, rising rents, and soaring grocery costs, many Canadian families experiencing economic pressure are actively seeking financial relief and the CAIP could offer assistance.
The Government of Canada offers a range of federal benefits and credits to provide support, particularly for families facing financial strain. For those 60 years of age and up, you can benefit from the Canada Pension Plan and Old Age Security.