Canadians can expect to get more money from the government in 2025.
A new year most likely means more expenses for Canadians, so it doesn’t hurt to get extra cash, especially as grocery and housing prices continue to soar.
The federal government’s benefits, credits, and rebates could provide some relief for those concerned about money matters that the new year will inevitably bring.
Here is how and when you’ll receive more money from the federal government next year.
Canadian Pension Plan
When you’ll get the money: January 29, February 26
The CPP is a monthly, taxable benefit that replaces part of your income at a certain age.
According to the federal government, to qualify for the retirement pension, you must be at least 60 years old and have made one valid contribution to it.
Ottawa says the amount you’ll receive depends on different factors, such as the age at which you decided to start your pension, how much and for how long you contributed to the CPP, and your average earnings throughout your working life.
“For 2025, the maximum monthly amount you could receive if you start your pension at age 65 is $1,364.60,” according to the government. “The average monthly amount paid for a new retirement pension (at age 65) in July 2024 was $815.”
To learn more, read this.
Canada Child Benefit (CCB)
When you’ll receive the money: January 20, February 20
The Canada Child Benefit (CCB) has increased, giving Canadians a small but much-needed child tax boost to support their kids.
Child tax payments have now increased by 4.7%. This means the maximum benefit for a child under six has increased by $350, from $7,437 to $7,787. For kids aged six to 17, it’s increased by $295, from $6,275 to $6,570.
This amount is tax-free, too.
To learn more, read this.
GST credit
When you’ll receive the money: January 3
The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment.
It aims to help Canadian individuals and families with low to modest incomes offset the taxes that they pay.
According to the government, you could get up to:
- $496 if you are single
- $650 if you are married or have a common-law partner
- $171 for each child under the age of 19
You don’t need to apply for this credit because you’re automatically considered for it when you file your taxes.
In 2022, Ottawa doubled the GST credit for six months during the height of inflation.
Canada Workers Benefit (CWB)
When you’ll receive the money: January 10
The CWB is a refundable tax credit that helps low-income individuals and families.
You’re eligible for the basic amount of CWB if you are:
Eligible single Canadians can receive up to $1,428; meanwhile, families can earn up to $2,461.
You can also get up to $737 for the disability supplement based on your annual income.
Canada Carbon Rebate (CCR)
When you’ll receive the money: January 15
The Canada Carbon Rebate (previously known as the Climate Action Incentive Plan) is a tax-free amount to help eligible individuals and families offset the cost of federal pollution pricing.
It comprises a basic rebate and a supplement for residents in small and rural communities.
Canadians in Alberta, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and Saskatchewan can receive the federal carbon tax rebate.
A family of four may receive the following quarterly payment amounts:
- $450 in Alberta
- $300 in Manitoba
- $280 in Ontario
- $376 in Saskatchewan
- $190 in New Brunswick
- $206 in Nova Scotia
- $220 in Prince Edward Island
- $298 in Newfoundland and Labrador
The amount you receive also depends on whether you qualify for a rural supplement, have a spouse or common-law partner, and whether you have children. You can calculate your carbon tax rebate here.
Working Canadians Rebate
When you’ll get the money: April
The federal government announced this new rebate in November, alongside the GST holiday.
Canadians who worked in 2023 and earned up to $150,000 will receive a $250 cheque. Ottawa estimates the rebate will reach 18.7 million people.
“Our government can’t set prices at checkout, but we can put more money in people’s pockets,” he added.
The date for when this will be doled out hasn’t been confirmed.