The Government of Canada, as well as several provincial government programs, have a slew of benefits and credits that could offer financial assistance.
With rent going up, the hike in food costs and the increase in the cost of day-to-day necessities, it's safe to say Canadians are looking for ways to offset inflation. Luckily, the Canada Revenue Agency has a slew of benefits and credits that could offer financial assistance.
The Government of Canada is extending a handful of federal benefits and credits to eligible Canadians throughout 2024 the Canada Workers Benefit (CWB) included.
The Climate Action Incentive Payment (CAIP) is a tax-free sum designed to assist qualifying individuals and families in mitigating the expenses associated with federal pollution pricing. With the surge in inflation, rising rents, and soaring grocery costs, many Canadian families experiencing economic pressure are actively seeking financial relief and the CAIP could offer assistance.
The Canada Child Benefit (CCB) is a non-taxable payment designed to help qualifying families across Canada, and with inflation hitting new highs, rent going up and the cost of groceries skyrocketing, it's safe to say that many Canadian families grappling with the economic pinch are looking for some financial breathing room.