5 CRA Payments Coming in February 2025 | Don’t Miss a Dollar!
Canada Revenue Agency (CRA) will make five benefits payments in February 2025. The government’s February 2025 payment dates include OB, CCB, CPP, OAS, ACFB, and Veteran Disability Pension. Below are the in-depth details about Canada’s February benefits payments.
1. Ontario Trillium Benefit (OTB)
The Ontario Trillium Benefit helps low- and moderate-income Ontarians cover energy bills, property taxes, and sales taxes. It consists of a total of three credits:
February Payment Date: The Ontario Trillium Benefit OTB will be issued on February 10, 2025.
Payment amount of OTB
The OTB February 2025 payment dates are as follows:
An Exampl of OTB Payment amount
Sarah, a single renter earning $30,000, qualifies for $800 (OEPTC) + $360 (OSTC) = $1,160 annually, receiving $96.67 monthly on the 10th.
The payments are issued monthly unless your annual benefit is $360 or less, in which case it’s paid as a lump sum in July.
2. Canada Child Benefit (CCB)
The Canada Child Benefit (CCB) provides financial assistance to families raising children under the age of 18. It’s tax-free and based on your family’s income.
February payment date: The CCB February payment will be released on February 20, 2025.
CCB Payment Amount
The amount varies depending on your income and number of children but can go up to several hundred dollars per child monthly.
An Example of CCB Payment Amount
Emily has two children and a family income of $40,000. She qualifies for the Canada Child Benefit (CCB) and receives $500 per child monthly, totaling $1,000 per month.
Also Read Related Article $2,350 OAS Payment on Feb 26, 2025 | Don’t Wait—Check Your Eligibility Now
3. Canada Pension Plan (CPP) & Old Age Security (OAS)
These benefits support retirees and seniors across Canada.
February Payment Date: The February CPP and OAS is February 26, 2025
CPP And OAS Payment amount
Canada Pension Plan (CPP) amounts depend on your contributions but can reach up to $1,306.57 monthly in 2025.
Examples of CPP and OAS Payment Amounts
Example For CPP
John, who contributed the maximum amount to CPP for 39 years, starts his retirement at age 65 in 2025. He receives the maximum CPP payment of $1,433 per month
Example For OAS
Mary, aged 76, qualifies for the full Old Age Security pension. She receives $800.44 per month based on her age and residency in Canada
Also Read Related Article $2,350 OAS Payment on Feb 26, 2025 | Don’t Wait—Check Your Eligibility Now
4. Alberta Child and Family Benefit (ACFB)
This benefit is exclusive to Alberta residents with children under 18 years old.
February payment date: The payment date for ACFB is February 27, 2025
ACFB Payment amount
The amount depends on your family size and income level but is issued quarterly.
An Example of ACFB Payment amount
Lisa’s family of four earns $35,000 annually. She qualifies for the Alberta Child and Family Benefit (ACFB) and receives $700 every three months, helping with essential expenses.
5. Veteran Disability Pension
This payment supports Canadian veterans with service-related disabilities.
February Payment Date: The payment date of the Veteran Disability Pension is February 28, 2025
Veteran Disability Pension Payment amount
The amount varies based on the severity of the disability. Keep in mind that the amount is tax-free.
An Example of Veteran Disability Pension Payment amount
James, with a 50% disability rating, gets $1,000 monthly, while Sarah, with 100%, gets $3,000 tax-free.
Conclusion
February is an important month for Canadians relying on CRA benefits like CCB, CPP, OAS, and more. The CRA February benefits payment will be made on various dates of the month. It is important to understand the payment dates, eligibility criteria, and how much you can expect to receive.
