More Money Coming in August? Here's What You Need to Know 💰🇨🇦

Next month, many Canadians will see a little financial boost as the government rolls out a fresh round of benefits and pension payments — a big help with rising living costs. Stats Canada says inflation rose to 1.9% in June, and food prices jumped 2.8%, so every dollar counts right now.

Even if you don’t qualify for one benefit, there might be others you’re eligible for — and it's worth checking! Here's a quick look at what’s coming in August:

🔹 Ontario Trillium Benefit (OTB) — Aug. 8

Combines three credits into one tax-free payment for Ontario residents. You could get up to:

• $1,283–$1,461 (Energy & Property Tax Credit)

• $185–$285 (Northern Ontario Energy Credit)

• $371 per adult/child (Sales Tax Credit)

🔹 Canada Child Benefit (CCB) — Aug. 20

Monthly support for families with kids:

• Up to $666.41 per month (under age 6)

• Up to $562.33 per month (ages 6–17)

🔹 Child Disability Benefit (CDB) — Aug. 20

For families caring for a child with disabilities. Get up to $284.25/month per child (on top of CCB).

🔹 B.C. Family Benefit — Aug. 20

Tax-free payment for B.C. families:

• Up to $145.83/month for the first child

• Varies based on income, number of children, and if you’re a single parent.

🔹 Ontario Child Benefit — Aug. 20

Ontario families could receive up to $143.91/month per child under 18 (based on income).

🔹 Canada Disability Benefit — Aug. 21

New benefit for adults (18–64) with disabilities. If eligible, you could get up to $200/month.

🔹 Canada Pension Plan (CPP) — Aug. 27

Retirement benefit for those over 60 who’ve contributed to CPP.

• Average: $899.67/month

• Max: $1,433/month

🔹 Old Age Security (OAS) — Aug. 27

For Canadians 65+:

• Ages 65–74: Up to $734.95/month

• Ages 75+: Up to $808.45/month

🔹 Alberta Child and Family Benefit — Aug. 27

Support for lower- and middle-income Alberta families:

• Up to $124.91/month for the first child (base)

• Extra working income top-ups also available

🔹 Veteran Disability Pension — Aug. 28

Tax-free support for veterans and RCMP members with service-related disabilities.

• Monthly payments range from $69.60 to $1,391.98, depending on your situation.

💡 Tip: Most benefits are paid automatically if you’re already enrolled. But if you’re unsure or haven’t applied, it’s worth checking with CRA or provincial benefit sites. A few clicks could mean extra cash in your pocket.