Benefits and Credits for New Canadians – Career Loans
Internationally trained and looking to get back in your field? We can help! Register Now

Benefits and Credits for New Canadians

Posted by: Gavin Au-Yeung Date: February 15, 2022 Category: Blog

Tax season is just around the corner. Many new Canadians may have questions about what kinds of benefits and credits they can access. Newcomers are encouraged to file their taxes and claim the benefits from the Government of Canada.

Continue reading to learn more about the benefits and credits that newcomers can access.

Canada Child Benefit

The Canada Child Benefit (CCB) is a tax-free monthly payment distributed to eligible families. This benefit aims to help lower-income families with the cost of raising children under 18 years of age. The amount of money you may receive depends on several factors, including:

  • household income
  • family size
  • province or territory of residence
  • marital status
  • age of children

Families can apply for the CCB as soon as a child is born. Eligible families do not need to include this money in their income tax returns because this is a tax-free benefit. Filing your taxes every year will ensure that you continue receiving this benefit.

In addition, families with children under the age of 18 with a severe or prolonged impairment in physical or mental functions can apply for Child Disability Benefits (CDB).

GST/HST Credit

Depending on your province, you will need to pay a Goods and Services Tax or Harmonized Sales Tax (GST/HST) whenever you make purchases. The Government of Canada provides a GST/HST credit to help individuals offset the cost of GST or HST. Individuals are automatically considered for this tax credit by filing their taxes. Eligible individuals will receive the tax-free GST/HST credit four times per year.

The GST/HST credit assists individuals or families that have lower incomes. As a result, single individuals that make more than $48,012 before taxes cannot receive the credit. On the other hand, a married or common-law couple with four children cannot receive the GST/HST credit if their net family income surpasses $63,412. Click here to learn more about the Government of Canada’s income levels.

Provincial & Territorial Benefits

Depending on your province or territory of residence, you may be eligible for unique benefits and credits. Click here to learn more about the benefits.

Disability Tax Credit

Individuals with disabilities need to pay for medication, special equipment, or personal support. As a result, these individuals are eligible for the Disability Tax Credit (DTC). To qualify for the DTC, individuals must experience difficulty performing activities that affect day-to-day living. For example, if you have trouble walking, feeding yourself, hearing, or speaking.

Newcomer Fact Sheet

The deadline to file your taxes is April 30 every year. In 2022, the last day will be May 2 because April 30 falls on a Saturday. Everyone that is a resident of Canada should file their annual income tax. Failure to file taxes may result in additional fines or disruptions to receiving any benefits and credits. Click here to view a fact sheet for newcomers prepared by the Canada Revenue Agency.

More Newcomer Career Support

Skilled newcomers in Alberta and Saskatchewan can receive free career support from the experts at Career Loans. Connect with our counsellors and develop your personalized strategy to return to a fulfilling career in Canada. Furthermore, ask about our optional micro loans that can help you achieve your career goals.

Learn more and register today by clicking here.

PrepCan-Online Newcomer Information Centre is coordinated and funded by:

Centre for Education & Training Mississauga logo Immigration, Refugees and Citizenship Canada logo

careerloans logo

Career Loans provides career counselling and micro loans to Internationally Trained Individuals in regulated and non-regulated occupations and trades, who are looking to return to their chosen profession.



SSL
Funded By:
logo-ESDC
Coordinated By:

logo tcet


Financial Partner:

logo HSBC

Privacy Policy

Terms of Use

Twitter

This week is Indigenous Awareness Week, a time dedicated to increasing awareness of and celebrating the diverse cultures of Indigenous ... peoples in Canada.

#IndigenousAwarenessWeek #IAW2022

Today is the International Day of #Cultural #Diversity for Dialogue and Development, a day that aims to promote cultural diversity to create... a more inclusive society. Canada is known as a cultural mosaic due to the rich and diverse cultures that make up our country.

Happy Victoria Day from the Career Loans team! We hope you are having a fantastic, fun, and relaxing long weekend!

#VictoriaDay2022 ... #VictoriaDay #careerloans

Career Loans & Gateway can help newcomers understand and better navigate inter-agency connections in a sometimes complex and confusing ... environment. The Career Loans team looks forward to this fruitful partnership!
https://careerloans.ca/gateway-career-loans/
#yyc #alberta

Tomorrow at 12pm MT / 1pm CT - Don't miss this free information session for internationally trained Canadian #newcomers! Learn how Career ... Loans can help return you to your chosen career path!

https://careerloans.ca/may18

#careerloans #microloans

Load More...






Latest Video

More
No videos found.

Blog

Subscribe
News item image

Exploring a Career as a Pharmacist in Alberta (Jun 08, 2022 @ 12 PM MT)

Careers in Pharmacy are not only lucrative, but also in high demand. Learn from Dr. Sherif Mahmoud what it takes as an internationally trained …

Read more
News item image

Gateway & Career Loans – Partners in Helping Newcomers Connect to Services They Need

Navigating Canada’s various newcomer assistance services can be a daunting task for new Canadians.

With a steady increase in new Canadians …

Read more
News item image

Supporting Newcomer Women in Alberta and Saskatchewan

On March 8, Career Loans celebrated International Women’s Day. Our program is motivated to help newcomers in Alberta and Saskatchewan to achieve …

Read more
News item image

Exploring an Accounting Career in Alberta (May 11, 2022 @ 12 PM MT)

Wednesday, May 11, 2022, at 12 PM MT
Click here to register now:

Interested in an accounting career? Join us at this webinar for skilled …

Read more

PrepCan-Online Newcomer Information Centre is coordinated and funded by:

Centre for Education & Training Mississauga logo Immigration, Refugees and Citizenship Canada logo

COVID-19 NOTICE

Career Loans continues to work diligently to support all clients during the pandemic. Our counsellors are available from Monday to Friday (8:30 am – 4:30 pm MT).

Skip to content