
As the cost of living continues to rise, Ontario residents can look forward to much-needed financial support from the Canada Revenue Agency (CRA) in March 2025. Whether you’re a parent managing childcare costs, a homeowner dealing with high utility bills, or a retiree looking for financial stability, these payments will help ease your financial burden.
This month, three key CRA benefit payments are rolling out:
Understanding these benefits, including eligibility criteria, payment amounts, and deposit dates, will help you plan your budget and maximize your entitlements.
The Canada Child Benefit (CCB) is a tax-free monthly payment designed to assist parents with the costs of raising children under 18. Given Ontario’s high childcare expenses—where daycare fees in cities like Mississauga exceed $1,000 per month—the CCB is a lifeline for many families.
Age Group | Annual Maximum Payment | Monthly Equivalent |
---|---|---|
Children under 6 years | $7,787 | $649 |
Children aged 6-17 | $6,570 | $547 |
Parents can expect direct deposits or cheques to arrive on this date, providing stability and predictability for household budgeting.
The Ontario Trillium Benefit (OTB) is a combined payment addressing sales tax, property tax, and energy costs. It is especially helpful for residents dealing with high winter heating bills and rising property expenses.
OTB Component | Maximum Annual Payment |
---|---|
OSTC | Up to $360 per adult or child |
OEPTC | Up to $1,248 (non-seniors) or $1,421 (seniors) |
NOEC | Up to $180 (singles) or $277 (families) in Northern Ontario |
This predictable monthly payment ensures residents can cover essential expenses without financial stress.
For seniors, Canada Pension Plan (CPP) and Old Age Security (OAS) payments provide necessary financial support.
Payment Type | Amount |
---|---|
Maximum CPP at age 65 | $1,433/month ($17,196 annually) |
Average CPP payment | $808.14/month (adjusted for 2025) |
Increased payments | Higher amounts if collected after age 70 |
These payments provide peace of mind for retirees in Kingston, Ottawa, and beyond.
Note: File your 2024 taxes by April 30, 2025, and keep your CRA details updated to avoid payment delays.
Whether you’re a parent in Toronto, a new immigrant in Ottawa, or a retiree in Sudbury, these CRA benefits in March 2025 can ease financial stress and help you manage your expenses.
Ans: To qualify for the Canada Child Benefit (CCB), you must:
Ans: You do not need a separate application for the Ontario Trillium Benefit (OTB). Simply file your 2024 tax return, and if you qualify, the benefit will be automatically applied.
Ans: The Canada Child Benefit (CCB) and Old Age Security (OAS) payments for March 2025 will be deposited on March 27, 2025.
Ans: Yes, temporary residents may be eligible for certain CRA benefits:
Ans: If you do not file your 2024 tax return by April 30, 2025, your CCB and OTB payments may be delayed or stopped. CPP and OAS payments require separate applications, but timely tax filing ensures eligibility for maximum benefits.
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