As the cost of living continues to rise, many residents in Ontario will find relief through a variety of government cheques and payments rolling out in the upcoming months. These financial boosts are aimed at individuals and families, including students who are struggling with increased expenses. With payment dates set for April and May, here’s everything you need to know about upcoming cheques and funding opportunities from the Canada Revenue Agency (CRA) and other government programs.
Table of Contents
Government Financial Relief Programs
1. Canadian Pension Plan (CPP) & Old Age Security (OAS)
The CPP and OAS are crucial elements of Canada’s retirement benefits system, supporting seniors and other eligible individuals. For residents over 65, the CPP offers up to $1,433 per month. The OAS provides payments to those aged 65 and older with lower annual incomes, offering a maximum of $707.67 per month for those aged 65 to 74 and up to $880.44 per month for those aged 75 and older.
The OAS is reviewed quarterly and adjusted to reflect changes in the cost of living. Importantly, payments will not decrease if the cost of living declines.
Upcoming Payment Dates:
- April 28
- May 28
2. Child Tax Credit (Canada Child Benefit – CCB)
For families with children under 18, the Canada Child Benefit (CCB) is a tax-free monthly payment provided to eligible families. It can be combined with the Child Disability Benefit and various provincial programs, offering extra financial assistance.
Upcoming Payment Dates:
- April 17
- May 20
Additionally, the Ontario Child Benefit offers up to $1,607 per child annually, depending on family income and the number of children in care.
3. Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit combines the Ontario Energy and Property Tax Credit, Northern Ontario Energy Credit, and the Ontario Sales Tax Credit. This monthly payment helps reduce financial burdens related to energy costs and taxes.
Upcoming Payment Dates:
- April 10
- May 9
4. Veteran Disability Pension
A tax-free monthly payment is available for veterans and service members who have sustained service-related injuries or illnesses. The Veteran Disability Pension is available to Canadian Armed Forces members, RCMP members, and veterans of the Second World War or Korean War.
Upcoming Payment Dates:
- April 29
- May 30
5. GST/HST Refund
This quarterly payment provides financial assistance to low and moderate-income Canadians. Eligible single individuals may receive up to $496, while couples or common-law partners can receive $650. Parents with children under 19 may receive $171 per child.
Upcoming Payment Date:
- April 4
6. Canada Carbon Rebate
Previously known as the Climate Action Incentive Payment, the Canada Carbon Rebate helps Canadians offset the financial impact of carbon pricing. Most households receive more back than they pay in carbon taxes, and there are additional rebates for those in rural areas.
Upcoming Payment Date:
- April 15
Benefits for Students
7. Financial Support for Part-Time Students
Starting in 2025, part-time students aged 18-24 who have a deceased or disabled parent contributing to the Canada Pension Plan (CPP) will be eligible for a monthly benefit of $150.89. Full-time students in similar situations will receive $301.77 per month. This new benefit ensures that students can receive support even while attending school part-time.
Tax Assistance for Residents
8. Property Tax Rebates
Low-income seniors and individuals with disabilities who have owned and lived in their homes for at least one year can apply for an annual property tax rebate. To qualify, applicants must be receiving benefits under the Guaranteed Income Supplement (GIS) or the Ontario Disability Support Program (ODSP), or be a spouse of a recipient.
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Additionally, qualifying for this tax rebate automatically makes you eligible for a Stormwater Charge Subsidy.
Missed Payments? Here’s How to Get Them
If you’ve applied for any of the above benefits and have not received your payment, you can check the status online through your CRA My Account. It’s important to remember that government cheques never expire, but the CRA cannot automatically reissue a new one unless requested. If you haven’t received your payment, the CRA recommends waiting ten days before reaching out.
If you missed a payment or need to inquire about your cheque status, the CRA may require you to complete specific forms and verify information. Residents who do not have a CRA account can contact the agency directly for assistance.
Conclusion
Ontario residents can look forward to significant financial relief through various government programs in the coming months. From the Canada Pension Plan to the Canada Child Benefit, these payments provide support for eligible individuals and families. Be sure to mark the upcoming dates on your calendar to ensure you receive the assistance you’re entitled to.
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