As of May 2025, the Canada Revenue Agency (CRA) is set to distribute several key benefits to eligible Canadians. These benefits aim to provide financial support to families, seniors, and low-income individuals. Below is a detailed overview of the upcoming payments, eligibility criteria, and amounts.
Table of Contents
Canada Child Benefit (CCB)
- Payment Date: May 20, 2025
- Eligibility: Families with children under 18 years old.
- Amount: For the period of July 2024 to June 2025, the maximum annual benefit is up to $7,437 per child under 6 and $6,275 per child aged 6 to 17. The exact amount depends on the family’s adjusted net income.
Ontario Trillium Benefit (OTB)
- Payment Date: May 9, 2025
- Eligibility: Ontario residents who qualify for the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, or the Ontario Sales Tax Credit.
- Amount: Varies based on individual circumstances. For example, the Ontario Sales Tax Credit provides up to $371 annually per adult and child in a family.
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Canada Pension Plan (CPP) and Old Age Security (OAS)
- Payment Date: May 28, 2025
- Eligibility: Seniors aged 65 and older who have contributed to the CPP and meet residency requirements for OAS.
- Amount: Varies based on contributions and years of residency. For OAS, the maximum monthly amount is $615.37.
Guaranteed Income Supplement (GIS)
- Payment Date: May 28, 2025
- Eligibility: Low-income seniors receiving OAS.
- Amount: For April to June 2025, single individuals with an annual income less than $22,056 may receive up to $1,086.88 monthly.
Alberta Child and Family Benefit (ACFB)
- Payment Date: May 27, 2025
- Eligibility: Low- and middle-income families with children under 18 in Alberta.
- Amount: The amount varies based on family income and number of children.
Canada Carbon Rebate (CCR)
- Note: The final payment for the CCR was issued on April 22, 2025. To have received this payment, individuals needed to file their 2024 income tax return electronically by April 2, 2025.
Note: To ensure timely receipt of these benefits, it’s essential to file your 2024 income tax return promptly and keep your personal information up to date with the CRA.