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.
For Canadians struggling amidst the rising cost of rent, grocery prices and day-to-day necessities, a handful of government benefits and credits are available in 2024. It's recommended that Canadians verify their eligibility as they could be entitled to thousands of dollars next year.