5 New CRA Payments Arriving In July – Now With A Bigger Boost!

Hey there, fellow Canadians! July just got a whole lot better. If you’ve been keeping an eye on your wallet lately, you’ll be happy to know that the Canada Revenue Agency (CRA) has some exciting news. There are five CRA payments rolling out this month, and guess what? Many of them come with a bigger boost to help ease the burden of rising costs.

GST/HST Credit – More Cash for Essentials

You know that little bonus that shows up every few months to help with the cost of goods and services? That’s your GST/HST credit. This July, it’s back — and better. Thanks to inflation adjustments, many people will see a small increase in this payment.

This credit is mainly for lower and modest-income folks, so if you’re single or have a family and your income qualifies, you’ll get this tax-free payment deposited right into your bank account. It’s perfect for grabbing groceries or putting gas in the tank.

Canada Child Benefit (CCB) – More Support for Parents

Raising kids is no joke, right? Between school supplies, snacks, and clothes they outgrow every week, it adds up fast. Luckily, the Canada Child Benefit is here to lend a hand.

And this July, the CCB is getting a slight increase too. The CRA adjusts this payment every July based on inflation — so you can breathe a little easier knowing more support is on the way. If you have children under 18 and meet the income limits, keep an eye on your account — it’ll land automatically.

Climate Action Incentive – Summer Bonus Style

Here’s something that surprises a lot of people. If you live in certain provinces — like Ontario, Alberta, Manitoba, or Saskatchewan — you might be getting the Climate Action Incentive (CAI).

What’s that? It’s basically the government paying you back for the carbon tax. Instead of a yearly tax credit, it’s now a quarterly payment, and guess what — July is one of the months when it hits your account.

The best part? You don’t have to apply. If you filed your taxes, it shows up like magic (okay, not magic, but close enough).

Old Age Security (OAS) – More for Seniors

Are you or someone you know over 65? Then you probably know about Old Age Security. It’s a monthly payment to help seniors cover living costs. And in July, OAS gets a small bump to match inflation too.

Here’s the cool part: If you’re 75 or older, you get even more. The government added an extra permanent boost for this age group. It’s their way of saying, “Hey, we know costs are rising. Here’s some help.”

Canada Workers Benefit (CWB) – Work Hard, Get a Reward

This one’s for low-income workers. If you’re employed and earning a modest income, the Canada Workers Benefit can give you a nice refund-like top-up — and advance payments go out in July too!

It’s a way to reward people for staying in the workforce, even when times are tough. You don’t need to jump through hoops to get it — just file your taxes, and if you’re eligible, you’re good to go.

Conclusion

So, if July felt like just another month before, it’s time to think again. With these five CRA payments, a little extra help is headed your way. Whether it’s for groceries, gas, rent, or just a bit of breathing room, these boosts can really make a difference — especially in today’s world where every dollar counts.

Remember, the key is to file your taxes on time. That’s how you unlock all these payments. If you already did, sit back and watch those deposits come in. And if you didn’t, it’s never too late to catch up.

FAQs

What date do CRA payments arrive in July?
Most CRA payments are scheduled between the 5th and 15th of July, depending on the program.

Do I need to apply for these payments every year?
Nope! Just make sure to file your taxes each year — that’s how CRA decides if you’re eligible.

What if I didn’t get my payment?
Wait a few days, then check your CRA online account or call their help line. Sometimes it takes a bit longer.

Will CRA payments increase again later this year?
Possibly! Many programs are reviewed annually in July and adjusted for inflation.

Can I get more than one of these payments?
Absolutely. If you qualify, you could receive multiple payments — like CCB, GST, and CAI — all in the same month.

Ragin is an expert news writer specializing in financial and government-related updates. He delivers accurate and timely coverage on key USA topics including Stimulus Check updates, IRS policies, and government financial relief schemes. In addition to U.S. news, Ragin also reports on major UK developments, focusing on DWP updates, Personal Independence Payment (PIP), and Universal Credit news. His clear reporting style and deep understanding of public welfare programs make him a trusted source for readers seeking reliable financial news.

Leave a Comment