Here is a breakdown of what federal and provincial payments are coming and when to expect them:
Canadian Pension Plan and Old Age Security
The Canadian retirement benefits system includes the Old Age Security pension, the Guaranteed Income Supplement, and the Allowance for the Survivor, along with the Canadian Pension Plan.
- CPP: Residents over 65 eligible, monthly maximum of $1,433.
- OAS Pension: Individuals, 65 – 74, annual income below $148,451, $707.67; 75 and over, income below $154,196, $880.44
[ Eligible individuals should note that the OAS pension is reviewed quarterly—in January, April, July, and October—to reflect increases in the cost of living based on the Consumer Price Index. Importantly, payments will not decrease if the cost of living goes down. ]
Canadian Pension Plan and Old Age Security, monthly:
- Aug. 27
- Sept. 25
Child Tax Credit
The monthly Child Tax Credit benefit (CCB) up to $1,607 annually per child for eligible families supporting children under 18, may incorporate a child disability benefit. The next payment dates:
- Aug. 20
- Sept. 19
Ontario Trillium Benefit
Eligibility for the OTB is based on income, age, family size, where you live in Ontario, and the amount of rent or property tax you paid. The next payment dates:
- Aug. 8
- Sept. 10
Veteran disability pension
The VDP is a tax-free monthly payment that supports veterans and service members with service-related injuries or illnesses. The next few payment dates:
- 29
- Sept. 26
[ Eligibility includes Canadian Armed Forces members, RCMP members, and Second World War or Korean War veterans, including some who served in the Second World War. Recipients can choose either Pain and Suffering Compensation—a lifetime monthly or lump sum payment—or a Disability Pension with added support for dependents. ]
Benefits for children under 25
Part-time students aged 18 to 24 with a parent who is deceased or disabled and contributed to the Canada Pension Plan may now qualify for financial support.
Eligible part-time students will receive a monthly flat rate of $150.89 starting in 2025. Payment dates have yet to be released.
This new benefit aligns with the existing program for full-time students, who will receive $301.77 per month in 2025.
To qualify for the benefit, part-time students must meet a minimum school attendance requirement.
Tax assistance for residents
Low-income seniors (65+ years) or individuals with disabilities who have owned and lived in their homes for at least one year can apply for an annual property tax rebate if they meet specific criteria.
To be eligible, every property owner must receive benefits under the Guaranteed Income Supplement (GIS) Program or the Ontario Disability Support Program (ODSP).
Alternatively, the spouse of an owner receiving GIS or ODSP benefits also qualifies. Some instances include:
- If a married couple owns the property, either one must receive GIS or ODSP.
- If a married couple, along with a sibling, owns the property, the sibling and either spouse must
receive GIS or ODSP. - If two siblings own the property, both must receive GIS or ODSP.
- Qualifying for the tax rebate automatically makes you eligible for a Stormwater Charge Subsidy.
Region of Peel, Mississauga:
Single-family homes receive subsidies on their Region of Peel water bill, while condominiums receive a mailed cheque from the City of Mississauga.
Applications must be submitted by December 31 of the current tax year, but submission is possible at any point in the year if all required documentation is available.
