5 New CRA Benefit Payments Coming For Ontario Residents In May 2025

Ontario residents can anticipate five key benefit payments from the Canada Revenue Agency (CRA) in May 2025. These payments aim to provide financial support to various groups, including families, seniors, and low-income individuals. Here's a detailed overview:

1. Ontario Trillium Benefit (OTB)
•        Payment Date: May 9, 2025
•        Details: The OTB combines three credits: the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit. Eligible individuals receive monthly payments if their annual entitlement exceeds $360; otherwise, a lump sum is provided. For instance, a family of four could receive up to $351.08 in May. 

2. Canada Child Benefit (CCB)
•        Payment Date: May 20, 2025
•        Details: The CCB is a tax-free monthly payment to assist families with the cost of raising children under 18. In 2025, families can receive up to $648.91 per month for each child under six and up to $547.50 for each child aged 6 to 17, depending on net family income. 

3. Old Age Security (OAS) & Guaranteed Income Supplement (GIS)
•        Payment Date: May 28, 2025
•        Details: OAS provides monthly payments to seniors aged 65 and older. In 2025, the maximum monthly OAS payment is $727.67 for those aged 65–74 and $800.44 for those 75 and older. The GIS offers additional support to low-income OAS recipients, with maximum monthly payments up to $1,086.88. 

4. Canada Pension Plan (CPP)
•        Payment Date: May 28, 2025
•        Details: CPP provides retirement, disability, and survivor benefits to contributors. In 2025, the maximum monthly retirement pension is $1,433. The amount received depends on factors like the individual's earnings and contributions during their working years. 

5. Canada Carbon Rebate (CCR)
•        Payment Date: April 22, 2025 (for late filers)
•        Details: Formerly known as the Climate Action Incentive Payment, the CCR provides quarterly payments to offset carbon pricing costs. While the main payment was issued on April 22, 2025, individuals who filed their 2024 tax returns after April 2, 2025, will receive their payments upon assessment. 

Note: Eligibility for these benefits requires timely filing of tax returns and meeting specific criteria. For personalized information, residents should consult the CRA's official website or contact their local tax office.

Source :- https://immigrationnewscanada.ca/cra-benefit-payments-dates-may-2025/