May is here, bringing warmer weather and a new round of government benefit payments. These payments directly impact millions of households across Canada.
If you’re eligible, these dates matter.
- Ontario Trillium Benefit (OTB): Arriving May 9, 2025, this payment helps offset sales tax, energy, and property tax costs. Eligibility and amounts are based on your 2023 tax return, age, residency, and housing status in Ontario.
- Canada Child Benefit (CCB): Scheduled for May 20, 2025, this tax-free payment supports families with children under 18. Your May benefit reflects your 2023 family income.
- Canada Pension Plan (CPP) & Old Age Security (OAS): Both paid on May 28, 2025, these monthly payments support retirees. CPP requires past contributions, while OAS is based on age and residency in Canada.
Keep Track of Your Benefits with Legend Fusions
Accurate filing is essential for receiving the benefits you’re entitled to and avoiding delays or interruptions. If you need support with filing your tax return or checking your benefit eligibility, we’re just a call away. Contact Legend Fusions today!
Reviewed by:
Jeffrey Ross
Jeffrey Ross is an experienced tax accountant focused on US-Canada cross-border taxation, with over three years in the industry, including a key role as client manager at a Canadian tax firm. He provides expertise in corporate and personal tax planning, specializing in non-resident tax, capital gains, CRA and IRS compliance, and retirement planning. Known for his personalized approach, Jeffrey is dedicated to guiding clients with clear, practical advice tailored to complex tax scenarios, aligned with the evolving tax laws.