The Government of Canada offers a variety of programs to financially support Canadians in certain situations. Depending on your circumstances, you may be eligible for financial support through one or more of the available programs. These programs may be offered through the federal or provincial government. Given the number of programs and information available, it can be hard to decipher which one applies to you.
We’ve compiled a list of programs offered by the government to help you sift through the information. Learn about all the different programs, the eligibility requirements, the application process, the payments dates, and more.
Social Assistance Programs
In Canada, most provinces have their own social assistance programs. These programs are intended to financially support those who are unable to afford basic needs like food, clothing, and shelter.
Unlike Employment Insurance (EI), which is a temporary income support program, social assistance is a program that is meant to reduce poverty and help Canadians access resources that will allow them to enter the workforce.
Depending on the province, the social assistance payment amounts will vary as will the eligibility requirements.
|Social Assistance In British Columbia||Learn More|
|Social Assistance PEI||Learn More|
|Social Assistance In Quebec||Learn More|
|Social Assistance In Alberta||Learn More|
|Income Assistance In New Brunswick||Learn More|
|Income Assistance (IA) Nova Scotia||Learn More|
|Saskatchewan Income Support (SIS)||Learn More|
Child Assistance Programs
While a baby can be an exciting and life-changing event for a person, it is also a huge financial responsibility. According to the CPA, Canadians spend on average $10,000 to $15,000 a year to raise a child. That sums up to $180,000 to $270,000 by the time a child reaches adulthood. While this may be affordable for some families, others aren’t as fortunate. Moreover, many mothers are physically unable to work right after giving birth and often stay home to care for their children. That usually leaves people with one income if they have a partner, otherwise, they only have their savings to rely on. Thankfully, both the federal and provincial governments offer programs to help parents financially during this special time.
Additionally, parents can take advantage of other tax credits and deductions to help cover the cost of raising a child; including school expenses and medical expenses.
|Canada Child Benefit (CCB)||Learn More|
|Nova Scotia Child Benefit (NSCB)||Learn More|
|The Newfoundland And Labrador Child Benefit||Learn More|
|The Ontario Child Benefit (OCB)||Learn More|
|Nova Scotia Child Benefit (NSCB)||Learn More|
|Alberta Child and Family Benefit (ACFB)||Learn More|
|Maternity/Parental Leave||Learn More|
Disability Assistance Programs
According to a report by Statistics Canada, about 22% of the Canadian population lives with at least one form of disability. Many of those with a disability, particularly those with a severe one, are living in poverty. This may be because, those with a disability between 25 and 64 years old, are less likely to be employed than those without a disability. Moreover, depending on the type and severity of the disability, some may require disability aids, devices, and medication, which are often very expensive.
In order to combat the inequality this group faces, both the federal and provincial governments have created programs to help cover some of the expenses associated with having a disability.
|Federal Disability Tax Credit||Learn More|
|Ontario Disability Support Program (ODSP) Payment Dates||Learn More|
|BC Disability Assistance||Learn More|
|Saskatchewan Assured Income for Disability (SAID) Payment Dates||Learn More|
|Assured Income For The Severely Handicapped (AISH) Program||Learn More|
Senior Assistance Programs
In general, it is said that you’ll need approximately 70% of your pre-retirement income to comfortably afford your expenses after you retire.
In order to help you fund your retirement, both the federal and provincial governments offer a number of programs that will help you retire comfortably. These programs are meant to be alternative sources of income to your RRSP.
|Guaranteed Income Supplement (GIS) Payment Dates||Learn More|
|Canada Pension Plan (CPP) Payments Schedule||Learn More|
|Old Age Security (OAS)||Learn More|
|Alberta Senior’s Benefit||Learn More|
Additionally, the Government of Canada also offers a variety of tax credits and deductions for seniors to help cover costs and reduce the amount of taxes owed.
Other Government Programs, Tax Credits And Benefits
If you’re looking for other ways to save money or cover costs, the Government of Canada also offers additional tax credits, benefits and rebates.
|Compassionate Care Benefits||Learn More|
|Ontario Trillium Benefit (OTB)||Learn More|
|GST/HST Tax Credit||Learn More|
|Going Green||Learn More|
Government Benefit FAQs
How to create a CRA My Account?
Do you have any unclaimed CRA cheques?
When do I have to file my taxes?
Are there any other government financing programs for businesses?
What does OAS clawback mean?
Are there any government programs to help seniors with property taxes?
Whether you’re unemployed, have a low income, are looking to save on taxes, or need help covering basic expenses, the government of Canada has a program to support you. Be sure to check both the federal and provincial government programs to see which programs are available to you.