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 variety of federal benefits and credits to eligible Canadians in February of 2024, which can provide necessary financial assistance amidst rising living costs across Canada, particularly for low-income residents.
The Government of Canada offers a range of federal benefits and credits to provide support, particularly for families facing financial strain. For those 60 years of age and up, you can benefit from the Canada Pension Plan and Old Age Security.
Amidst the rising costs, the Government of Canada has a lineup of federal benefits and credits to lend a helping hand. From the Canada Pension Plan and Old Age Security pension to the Goods and Services Tax/Harmonized Sales Tax credit, Canada Child Benefit, and the Ontario Trillium Benefit, these programs aim to provide some financial breathing room for individuals and families grappling with the economic pinch.