Loose Date ? Add to your Diary ‘August 2025’
The CRA works like a savings coach every month, releasing cash on a reliable schedule for the whole year. Start August 2025 your listed weekend.
Canada Child Benefit is announced August 20. If you’ve youngsters, allowances just got bigger! Kids under 6 now score max. 666.41 every month for free and 562.33 for every older child. Spending is kid-care wise only, and you don’t need to pay it back.
Excited to ease the grocery bill? GST/HST whoop is a small break to save the sales tax. If you are a low-medium income household, bump it into your app by hunting for the next set the CRA sends you, like the July bump, and a new July spike to cash in.
August’s finale is for seniors: August 27 delivers Canada Pension Plan benefits. If you’ve retired, are on disability, or were a survivor, August wraps – dock- your paycheck: bill, bank and auto-pay are adding on your schedule get it.
The CRA is gearing up to send out two big provincial benefits near the end of August. First up is the Alberta Child and Family Benefit, which sends $566.50 to anyone with a first child. Ontario families will be looking out for the Ontario Trillium Benefit, too.
Recent Changes Affecting Your Eligibility and Amounts
Keep an eye out—some fresh adjustments could change how much money starts rolling your way.
The Canada Carbon Rebate, now rebranded as the Climate Action Incentive Payment, is now giving a rural bump of an extra 20%, which is a nice bump for Canadians living outside big cities. Just so you know, the extra cash won’t land until the CRA does a catch-up later this year.
July 12 saw the first direct deposit for the Advanced Canada Workers Benefit. If you missed it, the next one pops up October 10. This program is aimed at low-income people who have jobs.
The federal government passed a new version of the Canada Child Benefit. Starting January 1, 2025, if a child passes away, the benefit will keep going for up to six months to help families cope.
Verifying Your Eligibility and Maximizing Benefits
If you want to be 100 percent sure you’re collecting every dollar possible, follow these steps:
First, be sure to file your 2024 income tax return if you haven’t yet.
Even if you didn’t earn any money last year, you still need to file your return so you can keep your benefits and get the right payment amounts.
Log into My Account on the CRA website to update your personal information. Make sure to change things like marital status, who you’re claiming as dependents, and your mailing address if any of that has changed.
To get your payments as quickly as possible, set up direct deposit. Just go to canada.ca/cra-direct-deposit. This way you won’t have to worry about the mail being late because of weather or other delays.
You can also sign up for payment reminders. Head to canada.ca/benefit-credit-payment-reminders to get alerts for upcoming deposits straight to your device.
Because the yearly benefit review happens in July, your payment amounts might be different depending on the tax info you filed. By keeping your CRA info up to date, you’re helping yourself get the maximum financial support that’s available for these programs—as summer moves in and throughout the rest of the year.
