The Canada Revenue Agency (CRA) has confirmed updated guidance on the $236 Grocery Rebate, a one-time federal payment designed to help low- and modest-income Canadians manage higher food costs. The rebate is tied to the GST/HST credit system and is issued automatically to eligible households based on their 2024 tax return information. There is no … Read more
The Canada Revenue Agency (CRA) has confirmed that the maximum Age Amount Tax Credit for the 2026 tax year is set at $8,396. The measure applies to Canadians aged 65 and older and will reduce federal income tax payable when seniors file their 2026 returns in spring 2027. This is not a monthly payment. It … Read more
Canada’s Age Amount Tax Credit continues to play an important role in supporting older adults, especially those living on fixed or moderate retirement incomes. As February 2026 approaches, attention has turned to the updated maximum age amount of $8,396 and what it means for tax planning this year. Unlike benefit programs that provide direct monthly … Read more
Housing affordability remains one of the most serious financial challenges facing Canadians. Rental prices in major cities continue to climb, while grocery bills, transportation expenses, and utility costs remain elevated. As a result, many households are struggling to balance monthly budgets. In response to ongoing cost-of-living pressures, the federal government is preparing to issue a … Read more
Canada Revenue Agency (CRA) has not confirmed a single, one-time $1,950 payment for all Canadians in February 2026. Despite viral social media claims and online speculation, no official announcement has been made by CRA or Service Canada about a universal lump-sum deposit. However, many Canadians may receive government payments that add up to similar amounts … Read more
The federal and provincial governments have confirmed a coordinated overhaul of traffic enforcement rules taking effect in February 2026, introducing fines of up to $2,000 for excessive speeding and $1,000 or more for distracted driving. The changes, announced in partnership with provincial and territorial authorities, are designed to standardize enforcement, reduce collisions, and strengthen penalties … Read more
Amid growing online rumours, the Canada Revenue Agency (CRA) and Service Canada have confirmed that there is no $2,000 monthly payment being issued to all Canadians in 2026. Viral claims circulating across websites and social media are false, and no such universal benefit has been legislated or scheduled by the federal government. However, several existing … Read more
Canadian seniors could receive up to $1,580 in Old Age Security (OAS) benefits in February 2026, according to the latest figures confirmed by Service Canada. This amount includes the base OAS pension and possible supplements like the Guaranteed Income Supplement (GIS), depending on income and household circumstances. The payment, scheduled for deposit in late February … Read more
The Canada Revenue Agency (CRA) has confirmed a new Goods and Services Tax (GST) Credit increase, with payments of up to $650 set to be issued on February 8, 2026. This inflation-adjusted credit aims to support low- and moderate-income Canadians with essential cost-of-living relief. The payment is non-taxable, automatically issued to eligible individuals and families … Read more
The Canada Revenue Agency (CRA) has officially confirmed new changes to the Grocery Rebate Program, starting February 2026, with payments of up to $1,500 per quarter. These changes aim to expand eligibility and simplify access amid rising grocery prices and inflation pressures across the country. Under the revised structure, low- and modest-income Canadians, including seniors, … Read more