Some Canadians will be getting more government money throughout the year, as the Climate Action Incentive Payment (CAIP) is shifting to a quarterly basis. As of July 15, Canadian individuals and families living in a few key provinces will start receiving the CAIP a credit meant to offset carbon pricing in four payments throughout the year.
New in town? For newcomers to Canada, there are a bunch of tax benefits and credits that you might be eligible for and you don't even need to have a job yet to receive them. That means you can be eligible for free money from the government, even if you have just arrived in Canada and don't have any income in the country.
Canadians who are struggling to pay their rent are set to receive a one-time payment from the federal government this year, as part of a wider plan to make life more affordable in Canada. On June 16, the government laid out its Affordability Plan, which it says aims to reduce the impact of inflation on Canadians.
As part of its new Affordability Plan, the federal government has announced changes to the Canada Workers Benefit (CWB), which could impact as many as three million Canadians. On June 16, the Department of Finance confirmed that the benefit would be enhanced in 2022 with new support for low-income individuals and families who are working.
The Canada Recovery Benefit (CRB) has officially ended, but that doesn t mean those who claimed it can stop thinking about the benefit altogether. That s because there may still be tax implications next year, particularly for those who earned over $38,000 net income in the calendar year.