How to get the government money available to you

by | Mar 30, 2024 | Finance and Business

Let’s face it: no one loves doing their taxes. But, in addition to being your civic duty, it’s your doorway into receiving many of the federal rebates, benefit or credit payments you could be eligible for. Here are four ways to make sure you get all the money you’re entitled to from the federal government.

File your taxes on time
All you have to do to receive many government payments, including the Climate Action Incentive Payment or the GST/HST credit, is file your taxes. The Canada Child Benefit also uses information from your tax return to make sure you get your maximum payment. Even if you didn’t make any money last year, your benefit payments won’t be issued until you file your return, so file on time, every time.

Apply for new programs
While some benefits and credits are issued automatically, there are others you need to apply for. This includes the temporary Canada dental benefit for children under 12, and the new Canada Dental Care Plan rolling out this year that reimburses part of dental care costs.

Find forgotten cheques
Who doesn’t love reaching into an old coat pocket and finding a $20 bill you forgot about the last time you wore it? Many of us unknowingly have uncashed government cheques waiting to be deposited, some worth hundreds or even thousands of dollars.

Find out if you have any uncashed cheques by registering for or logging in to your Canada Revenue Agency (CRA) My Account portal. If it shows you have an uncashed cheque but you can’t find it, you can ask for a new one to be issued. Government cheques do not expire so if you do find one that got tucked away somewhere, take it to your financial institution to deposit the money into your account today.

Register for direct deposit
The fastest way to get any refunds or benefits you’re owed from the government is to register for direct deposit. Sometimes things like extreme weather events can delay mail delivery. With direct deposit, you can avoid any postal delays and can get your payment in as little as eight business days. You can sign up through your financial institution or on your My Account. Plus, with direct deposit you’ll never misplace a government cheque.

Learn more at canada.ca/cra-direct-deposit

Related Content

3 tips to keep your home-based business safe and secure

3 tips to keep your home-based business safe and secure

Your home is your sanctuary. But if you run a home-based business, it could also be your office, showroom, storage locker and more. Therefore, it is doubly important to protect it and its contents. Here are three ways to protect your home and business. Protect your...

read more
The hidden costs of condos and how to manage them

The hidden costs of condos and how to manage them

Condo ownership has surged in recent decades. For a growing number of Canadians, owning a condo is one of the most significant investments of their lives. Condos can be an attractive option based on cost, convenience, amenities and location. One advantage is that you...

read more
Quick facts about the new Underused Housing Tax

Quick facts about the new Underused Housing Tax

You may or may not have heard that there’s an Underused Housing Tax (UHT) in Canada. Is it what you think it is? Does it apply to you? Here are few quick facts you should know. It’s not the vacancy tax you’ve heard about You may have heard of vacancy taxes in some...

read more
Tax-time guide – Tips for stress-free filing

Tax-time guide – Tips for stress-free filing

The tax deadline is inevitable every year, whether it fills you with a deep dread or you actually enjoy putting everything together. Here are some important things you should know this year to help you get your taxes done as easily and effectively as possible. File...

read more