logo
Canada's new $200/month disability benefit goes live; Apply by June 30 to get paid in July

Canada's new $200/month disability benefit goes live; Apply by June 30 to get paid in July

Economic Times20-06-2025

Canada's new disability benefit program begins accepting applications on June 20, 2025, offering up to $2,400 annually to eligible Canadians with disabilities who have the Disability Tax Credit. Backed by significant federal funding, the program aims to enhance financial security, with first payments scheduled for July 2025 for approved early applicants.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Canada's new disability benefit program is now accepting applications, with the first payments scheduled for July 2025. Canadians aged 18 to 64 who have already qualified for the Disability Tax Credit ( DTC ) and who filed their 2024 tax return, along with any spouse or partner, can apply.Applications open on Friday, June 20, 2025. Those submitted and approved by June 30 will receive their first payments in July.Applicants approved later will still receive their full entitlements, including back payments to June, but no earlier.The program offers up to $200 per month, or $2,400 per year, with annual inflation adjustments. This amount will be reduced for higher-income individuals.Provinces and territories (except Alberta) have committed not to claw back existing disability benefits.Part of the federal Disability Inclusion Action Plan , the benefit aims to boost financial security for over 600,000 low-income Canadians with disabilities. It is backed by $6.1 billion over six years, with ongoing $1.4 billion annually, starting in 2024.Eligible individuals approved for the DTC will receive a letter in June with a unique code and application instructions. However, even without a letter, applicants can still apply by providing their Social Insurance Number and 2024 net incomeApplications are available online, by phone, or in person at Service Canada locations. An estimate tool is also available to help applicants calculate their expected monthly benefit.The federal government is partnering with community organizations to assist applicants in navigating both the DTC and the Disability Benefit. Direct deposit is encouraged for faster payment.Disability Minister Patty Hajdu acknowledged that the benefit was not designed to fully sustain recipients. She said it provides increased financial autonomy and can be used flexibly alongside other income.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amazon, Google, Meta, and Uber slapped with $2 billion retroactive tax bill, Trump suspends Canada trade talks
Amazon, Google, Meta, and Uber slapped with $2 billion retroactive tax bill, Trump suspends Canada trade talks

Mint

timean hour ago

  • Mint

Amazon, Google, Meta, and Uber slapped with $2 billion retroactive tax bill, Trump suspends Canada trade talks

US President Donald Trump has suspended trade talks with Canada, citing the country's refusal to back down on a new 3% digital services tax, calling it 'a direct and blatant attack on our country.' The digital services tax imposed by Canada will impact major tech companies like Amazon, Google, Meta and Uber. The tax is set to go into effect Monday and apply retroactively, leaving U.S. companies with a $2 billion U.S. bill due at the end of the month, Fortune reported. Trump called the tax 'egregious' and immediately terminated all trade discussions with Canada, vowing to announce new tariffs on Canadian goods within seven days. Trump later said he expects that Canada will remove the tax, citing the U.S.' economic leverage. 'Economically we have such power over Canada. We'd rather not use it,' Trump said in the Oval Office. 'It's not going to work out well for Canada. They were foolish to do it.' Canadian Prime Minister Mark Carney responded to the situation on Friday by saying that his country would 'continue to conduct these complex negotiations in the best interests of Canadians. It's a negotiation.' This move is the latest development in Trump's ongoing trade disputes since his second term began. The U.S. has already imposed 50% tariffs on steel and aluminum as well as 25% tariffs on autos and a general 10% tax on imports from most countries. Canada and Mexico face separate tariffs of as much as 25% that Trump put into place under the auspices of stopping fentanyl smuggling, though some products are still protected under the 2020 U.S.-Mexico-Canada Agreement signed during Trump's first term. Despite these tensions, Canada remains a crucial trading partner, supplying a large portion of crude oil, electricity and critical minerals. As per data compiled by Fortune, around 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as well. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager to obtain, the news agency said. Daniel Beland, a political science professor at McGill University in Montreal, said it is a domestic tax issue, but it has been a source of tensions between Canada and the United States for a while because it targets U.S. tech giants. 'The Digital Services Tax Act was signed into law a year ago so the advent of this new tax has been known for a long time,' Beland said. 'Yet, President Trump waited just before its implementation to create drama over it in the context of ongoing and highly uncertain trade negotiations between the two countries.'

US 'immediately' cutting off trade talks with Canada: Trump
US 'immediately' cutting off trade talks with Canada: Trump

Fibre2Fashion

time7 hours ago

  • Fibre2Fashion

US 'immediately' cutting off trade talks with Canada: Trump

US President Donald Trump has said he is 'immediately' cutting off trade talks with Canada as the latter has unveiled a 3-per cent digital services tax on major US tech firms. The Canadian tax will take effect on June 30. Terming Canada 'a very difficult country to trade with' on Truth Social, Trump denounced the Canadian decision as 'a direct and blatant attack on our country.' US President Donald Trump has said he is 'immediately' cutting off trade talks with Canada as the latter has unveiled a 3-per cent tax on major US tech firms. Terming Canada 'a very difficult country to trade with' on Truth Social, Trump denounced the Canadian decision as “a direct and blatant attack on our country.” He declared that he would determine and impose appropriate tariffs within a week. 'Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,' he wrote. He declared that he would determine and impose appropriate tariffs within a week. Speaking from the White House, Trump said: 'They did something with our tech companies today trying to copy Europe. It's not going to work out well for Europe either. And it's not going to work out well for Canada. They were foolish to do it,' he said. Asked if Canada could reverse his decision, Trump responded, 'No… It doesn't matter to me. We have all the cards.' Canadian Prime Minister Mark Carney, however, downplayed the issue, saying, 'We will continue to conduct these complex negotiations in the best interests of Canadians. It's a negotiation.' Fibre2Fashion News Desk (DS)

Canada To Continue To Conduct "Complex Negotiations" With US: Mark Carney
Canada To Continue To Conduct "Complex Negotiations" With US: Mark Carney

NDTV

time12 hours ago

  • NDTV

Canada To Continue To Conduct "Complex Negotiations" With US: Mark Carney

Ottawa: Canadian Prime Minister Mark Carney called the negotiations with the United States "complex" when he responded to the announcement of US President Donald Trump to terminate all trade talks with Canada with potential new tariffs. "We'll continue to conduct these complex negotiations in the best interest of Canadians," Carney said to local media. "It's a negotiation." Trump announced Friday that the United States would terminate all trade talks with Canada due to Canada's digital services tax on US tech companies, Xinhua news agency reported. Canada's digital services tax on American technology companies is a direct and blatant attack on the United States, said Trump in a post on social media. Set to take effect on June 30, the digital services tax would have US companies like Amazon, Google, Meta, Uber and Airbnb pay a three percent levy on revenue from Canadian users. Canada and the United States have been in negotiations to get Trump to lift the tariffs on Canadian goods, which have already led to major economic shrinking. Canada's real gross domestic product edged down 0.1 per cent in April, according to Statistics Canada. Transportation equipment manufacturing subsector was the largest contributor to the decline, coinciding with lower exports of passenger cars and light trucks as some motor vehicle manufacturers scaled back production amid uncertainty related to tariffs imposed on motor vehicle exports to the United States.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store