In February 2025, the Canada Revenue Agency (CRA) will distribute several benefit payments to support Canadians across various demographics. Here’s an overview of five key benefits, payment dates, eligibility criteria, and other essential details.
5 CRA Benefit Payments in February 2025
1. Canada Child Benefit (CCB)
Payment Date: February 20, 2025
The CCB is a tax-free monthly payment designed to assist families with raising children under 18 years of age.
Eligibility:
- You must live with a child under 18 and be their primary caregiver.
- You must be a Canadian resident for tax purposes.
- Either you or your spouse/common-law partner must be a Canadian citizen, permanent resident, protected person, or a temporary resident who has lived in Canada for the previous 18 months.
Payment Amount: The amount varies based on family income, the number of children, and their ages. For the period from July 2024 to June 2025, the maximum annual benefit is:
- Up to $6,997 per child under 6
- Up to $5,903 per child aged 6 to 17
These amounts are subject to income thresholds and may be reduced as family income increases.
2. Old Age Security (OAS)
Payment Date: February 26, 2025
OAS is a monthly payment available to seniors aged 65 and older, providing financial support during retirement.
Eligibility:
- Must be 65 years or older.
- Canadian citizens or legal residents who have lived in Canada for at least 10 years after turning 18.
Payment Amount: As of January to March 2025, the maximum monthly OAS payment is:
- $727.67 for individuals aged 65 to 74
- $800.44 for individuals aged 75 and over
These amounts are reviewed quarterly and may be adjusted for inflation.
3. Canada Pension Plan (CPP)
Payment Date: February 26, 2025
CPP provides monthly payments to individuals who have contributed to the plan during their working years, offering income during retirement or in the event of disability.
Eligibility:
- Must have made at least one valid contribution to the CPP.
- Be at least 60 years old to start receiving retirement benefits.
Payment Amount: The amount depends on the contributions made and the age at which you start receiving the pension. As of 2025, the maximum monthly amount for new beneficiaries starting at age 65 is $1,433. However, the average monthly amount is typically lower, reflecting individual contribution histories.
4. Ontario Trillium Benefit (OTB)
Payment Date: February 10, 2025
Overview: The OTB is a provincial benefit for Ontario residents, combining the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.
Eligibility:
- Must be an Ontario resident.
- Eligibility is based on income and other factors specific to each component credit.
Payment Amount: The amount varies based on individual circumstances, including income, age, and family status.
5. Alberta Child and Family Benefit (ACFB)
Payment Date: February 27, 2025
The ACFB provides financial assistance to lower and middle-income families with children under 18 in Alberta.
Eligibility:
- Must be a resident of Alberta.
- Have at least one child under 18.
- Meet income eligibility criteria.
Payment Amount: The benefit consists of a base component and a working component, with amounts varying based on family income and the number of children.
Frequently Asked Questions (FAQs)
Q1: How do I apply for these benefits?
- CCB: Apply through your CRA My Account or by submitting Form RC66, Canada Child Benefits Application.
- OAS: Most individuals are automatically enrolled. If not, apply through Service Canada.
- CPP: Apply through your My Service Canada Account or by submitting the CPP retirement pension application form.
- OTB: File your personal income tax return and complete the ON-BEN application form.
- ACFB: File your annual tax return; eligibility is assessed automatically.
Q2: What should I do if I don’t receive my payment on the scheduled date?
If you haven’t received your payment within five business days after the scheduled date, contact the CRA or Service Canada, depending on the benefit in question.
Q3: Are these benefit amounts taxable?
- CCB and ACFB: These are non-taxable benefits.
- OAS and CPP: These are taxable benefits and should be reported on your income tax return.
- OTB: This is a non-taxable benefit.
Q4: How can I update my personal information for these benefits?
Update your information through your CRA My Account or My Service Canada Account, or by contacting the respective agencies directly.
