Tax Tip - New to Canada? Apply for benefit and credit payments using our new online form Français
OTTAWA, ON, June 3, 2025 /CNW/ - The Canada Revenue Agency (CRA) is making it easier for newcomers arriving in Canada to apply for benefit and credit payments. Newcomers can now apply online, without mailing in the forms. It's a quick and convenient way to apply.
Choosing the right form for you
Apply for benefit and credit payments, including any related provincial and territorial program payments, even before you do your taxes for the first time.
Not sure what you're eligible for? Check out newcomers to Canada and the CRA for the details.
Choose which application form to fill out, based on your personal situation:
If you do not have children: *NEW* RC151 GST/HST Credit and Canada Carbon Rebate Application for Individuals Who Become Residents of Canada digital form
If you have children, apply for yourself and any children in your care: RC151 GST/HST Credit and Canada Carbon Rebate Application for Individuals Who Become Residents of Canada
If you have children and you meet the CCB eligibility requirements: RC66, Canada Child Benefit Application includes federal, provincial, and territorial programs and include RC66SCH Status in Canada and Income Information for the Canada Child Benefits Application. The information you provide on this application will also be used to determine your eligibility for the GST/HST credit, the Canada Carbon Rebate, and any related provincial and territorial programs.
Get the payments you're entitled to
Benefit and credit payments like the GST/HST credit are regular payments from the Government of Canada that can help with the costs of living in Canada. These payments are calculated based on the yearly income and family situation.
To keep getting the payments you're entitled to, you and your spouse or common-law partner, need to file your tax return on time every year, even if you have no income. Find out more: How to file your tax return.
Contacts
Media Relations
Canada Revenue Agency
613-948-8366
[email protected]
Stay connected
Follow the CRA on Facebook
Follow the CRA on X – @ CanRevAgency
Follow the CRA on LinkedIn
Follow the CRA on Instagram
Subscribe to a CRA electronic mailing list
Add our RSS feeds to your feed reader
Watch our tax-related videos on YouTube
Listen to our Taxology podcast
SOURCE Canada Revenue Agency
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
2 hours ago
- Cision Canada
Gold Miners Lag the Bullion Boom -- But Not for Long, Say Wall Street Analysts
Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, June 5, 2025 /CNW/ -- Equity Insider News Commentary – Goldman Sachs analysts say central banks are driving the current gold bull market by purchasing roughly 80 metric tons per month — the equivalent of $8.5 billion at today's prices. With ongoing geopolitical instability and economic uncertainty, analysts like George Milling-Stanley of State Street Global Advisors argue that gold remains a compelling hedge. As bullion pushes toward new highs, momentum is starting to shift toward mining equities as well. A growing number of investors are now eyeing gold stocks like Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU), Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF), Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV), and IAMGOLD Corporation (NYSE: IAG) (TSX: IMG). Despite the price surge in physical gold, Jefferies analysts note that many miners are still trading at historically low valuations — as if gold were stuck at $2,500 an ounce or lower. That disconnect, they say, may not last much longer. Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is an emerging gold developer advancing a suite of development -stage assets in Tanzania, one of East Africa's most geologically prospective regions. With multiple project catalysts now in motion, the company is gaining attention as a junior to watch. A key near-term focus is its planned 3,000-meter reverse circulation (RC) drill program at Ngula 1, part of the larger Tembo Project located adjacent to Barrick's high-grade Bulyanhulu mine. Ngula 1 has already returned notable historical intercepts, including 28.57 g/t gold over 3 meters and 17.23 g/t over 4 meters. The current 45-hole campaign is targeting near-surface mineralization that could potentially support toll milling at a nearby third-party facility. If the program meets expectations, it may pave the way for a streamlined, low-capex production pathway leveraging local infrastructure. "This drilling campaign is part of our broader strategy to unlock the long-term value at Tembo," said Simon Benstead, Executive Director of Lake Victoria Gold. "While the near-surface potential at Ngula 1 presents an exciting opportunity for near-term production and cash flow, it also serves a larger purpose—supporting a non-dilutive path toward what we believe is a district-scale gold system. We're leveraging strategic infrastructure and partnerships to advance exploration while staying disciplined on capital allocation." In parallel with its drilling efforts, Lake Victoria Gold is advancing a proposed processing arrangement through a non-binding letter of intent (LOI) with Nyati Resources. Under the current framework, mineralized material from LVG's Mining Licences would be trucked to Nyati's 120-tonne-per-day processing plant, with an option to scale operations into a new 500-tpd facility which is expected to be commissioned in the coming months. To support the initiative, Nesch Mintech Tanzania has been brought in to assess the plant's readiness, evaluate metallurgical performance, and outline any necessary upgrades to support production goals. "Engaging Nesch Mintech at this stage ensures we bring third-party rigour and transparency to the commissioning process, which is fundamental to assessing the Nyati opportunity," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "We are excited by the potential to leverage existing processing infrastructure and local ore sources to create a scalable gold production platform in Tanzania." If proven viable, the proposed partnership could help advance Lake Victoria Gold's strategy of building a lean, capital-efficient gold operation. On-site processing may unlock early cash flow while also yielding critical geological data to refine future exploration. Though factors such as metallurgy, grade consistency, and permitting will need to be closely managed and always present risks, the phased structure provides a flexible alternative to conventional, high-cost development models. "Tembo has always stood out as a project with the potential to deliver both near-term value and long-term discovery upside," said Benstead. "Evaluating this small-scale development opportunity allows us to test the system, generate operational insights, and potentially self-fund ongoing exploration." Both the Ngula 1 drill campaign and the proposed Nyati processing partnership are part of Lake Victoria Gold's broader Tembo Project — a high-potential gold district that has already seen over US$28 million in exploration spending and more than 50,000 meters of drilling. Key zones like Nyakagwe Village and Nyakagwe East remain open along strike and at depth, with only a small portion of mapped structures drilled to date. This leaves considerable room for further discovery. Tembo is also anchored by a tier-one relationship: a milestone-driven contingent payment agreement with Barrick Mining Corp., valued at up to US$45 million depending on exploration outcomes. The deal reflects shared confidence that Tembo may host a district-scale gold system with long-term development potential. While Tembo remains the flagship, the most advanced asset in LVG's portfolio is Imwelo — a fully permitted gold project located near AngloGold Ashanti's Geita Mine. Imwelo is supported by a 2021 Pre-Feasibility Study and stands out as a strong candidate for phased development. To help fund its advancing strategy, Lake Victoria Gold has secured multiple non-dilutive financing channels. A gold prepay agreement with Monetary Metals allows the company to draw on the cash value of up to 7,000 ounces tied to future production. Separately, a C$3.52 million investment from Taifa Group — part of a larger C$11.52 million multi-stage financing — has further strengthened the company's balance sheet. As part of that transaction, former Taifa CEO Richard Reynolds joined the board, bringing valuable in-country operating experience. With drill rigs soon turning at Ngula 1, plant evaluations underway, and capital sources secured, Lake Victoria Gold is steadily positioning itself for a transition into production. Its development strategy is incremental by design — focused on limiting upfront capital exposure, unlocking early-stage returns, and using those gains to accelerate exploration. In an industry often dominated by high-cost development paths, LVG is charting a different course — one that offers potential for lower-risk, modular growth in a proven gold district. In other industry developments and happenings in the market include: i-80 Gold Corp. (NYSE-American: IAUX) (TSX: IAU) has closed its previously announced US$11.1 million concurrent private placement, issuing 22.24 million units priced at US$0.50 each. This follows a US$173 million bought deal financing that closed earlier in May, bringing total gross proceeds to approximately US$184 million. The capital will be used to support the company's Nevada-focused development plan and broader recapitalization strategy. "At Granite Creek Underground, i-80 Gold's first gold project to ramp up, we are making good progress in our dewatering efforts, addressing groundwater inflows by enhancing our pumping capacity and upgrading the water treatment infrastructure," stated Richard Young, President and CEO of i-80 Gold. "These improvements should allow us to ramp-up to steady state of gold output in the second half of 2025." Orezone Gold Corporation (TSX: ORE) (OTCQX: ORZCF) produced 33,252 ounces of gold during Q1 2025 at an AISC of $1,286 per ounce and sold 32,076 ounces at $2,068 per ounce, generating $19.2 million in operating cash flow. "We are pleased with the strong start to 2025 with solid production and cost performance in Q1," said Patrick Downey, President and CEO of Orezone Gold. "We remain on track to deliver our 2025 production and cost guidance while progressing key initiatives including the grid power connection and Bomboré expansion drilling." Orezone maintained its full-year production guidance and expects major cost reductions once the Phase III grid connection is completed in Q3. Meanwhile, expansion drilling at Bomboré delivered promising near-mine results to support future growth. Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) has acquired a cornerstone royalty on the Côté Gold Mine, operated by IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) and Sumitomo, for $1.05 billion in cash. "We are pleased to add this new cornerstone gold royalty to our extensive portfolio in Ontario," said Paul Brink, President & CEO of Franco-Nevada. "Their team has developed an excellent new operation with an extensive Resource endowment that has high potential to continue expanding." The 7.5% gross margin royalty covers nearly the entire resource base and is expected to generate $67 million annually at IAMGOLD's midpoint production guidance and a $3,200 gold price. Franco-Nevada praised the modern design and expansion potential of the Côté operation, which includes autonomous equipment and potential mill capacity growth to 20 Mtpa. "We are pleased to welcome our new partner Franco-Nevada to the Côté Gold Mine as we continue to ramp up one of Canada's largest and longest-life gold mines," said Renaud Adams, President and CEO of IAMGOLD. "The value upside of the Côté Gold Mine is further supported by the rapidly growing Gosselin zone which we intend to incorporate into an updated mine plan next year." As part of the deal, IAMGOLD and Sumitomo may repurchase up to 50% of the royalty in two tranches. Franco-Nevada will fund the transaction with existing capital and continues to generate $275–$300 million in quarterly free cash flow. Equity Insider [email protected] (604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. is owned by Media Corp. ("BAY"). BAY has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from a shareholder of the Company (333,333 unrestricted shares). There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of "BAY" reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Cision Canada
4 hours ago
- Cision Canada
Canadians to benefit from enhanced free and low-cost bank accounts later this year Français
OTTAWA, ON, June 5, 2025 /CNW/ - Thirteen federally regulated financial institutions, including Canada's 6 largest banks, have signed on to a modernized Commitment on Low-Cost and No-Cost Accounts. By December 1, 2025, Canadians will benefit from modernized no-cost and low-cost accounts costing no more than $4 per month. Going forward, under these accounts, Canadians will have access to 50% more debit transactions per month, including widely used transaction types such as electronic fund transfers (e.g. Interac e-Transfers®). More groups will also be eligible for an account costing $0 per month, including newcomers to Canada in their first year, plus at least one of the following groups, to be selected by each signatory: Indigenous peoples Canadians receiving social assistance payments from select provincial or territorial programs individuals with a valid Disability Tax Credit Certificate and/or their supporting family member Financial institutions that have signed on to the Commitment will prominently display information about the availability of low-cost and no-cost accounts in-branch and online, and will train staff about these account options. Canadians can currently get low-cost and no-cost accounts from nine signatories under the original 2014 Low-cost and No-cost Accounts Commitment. The Financial Consumer Agency of Canda (FCAC) will monitor the implementation of the modernized Commitment by signatories and will supervise their compliance with all its obligations. In Budget 2024, the government announced its intention to secure a new commitment from financial institutions for enhanced free and affordable bank accounts, recognizing that Canadians' banking needs have changed with the increase in online banking. Quotes "Every Canadian deserves access to affordable, modern banking. That's why we worked with the FCAC to strengthen the commitment by financial institutions on free and low-cost bank accounts – more transactions, fewer fees and better access. This is a clear step toward fairer, lower-cost banking for all." The Honourable François-Philippe Champagne, Minister of Finance and National Revenue "The Financial Consumer Agency of Canada puts the rights and interests of Canadians first. I am pleased that more Canadians will benefit from modern and affordable bank account options that include more transactions, offered by more financial institutions, to more groups. Having 13 signatories commit to offering modernized low-cost and no-cost accounts is good news for financial consumers. I encourage other financial institutions to join the Commitment and extend these benefits to even more Canadians." Shereen Benzvy Miller, Commissioner, Financial Consumer Agency of Canada Quick facts The Financial Consumer Agency of Canada's (FCAC) mandate is to supervise the compliance of federally regulated financial entities, including banks, with their legislative obligations, codes of conduct and public commitments and to strengthen the financial literacy of Canadians. The following federally regulated financial institutions have signed on to the modernized Commitment so far: Alterna Bank BMO CIBC Hana Bank Canada ICICI Bank Industrial Commercial Bank of China Innovation Federal Credit Union Laurentian Bank National Bank Royal Bank of Canada Scotiabank Tangerine Bank TD Bank FCAC supported the development of the modernized Commitment based on research and consultations with Canadians, stakeholders and industry. This work underlined the need to update the Commitment to reflect consumers' evolving banking needs and to support financially vulnerable Canadians, while recognizing the importance of innovation and competition in the financial marketplace. FCAC encourages Canadians to shop around for banking products and services that meet their needs. FCAC provides useful and unbiased resources to help consumers make informed financial decisions, including a Bank Account Comparison Tool and information about:
Cision Canada
4 hours ago
- Cision Canada
Nearly three quarters of impacted Canadian mortgage renewers plan to tighten pocketbooks to keep up with higher payments Français
Prospective buyers are also making concessions, 55 per cent of prospective buyers are reducing non-essential expenses and 31 per cent are drawing from investments TORONTO, June 5, 2025 /CNW/ - As global events continue to introduce financial uncertainty and housing affordability remains top of mind for Canadians, a new survey from TD Bank Group revealed the challenges that mortgage renewers face. Nearly half (45 per cent) of those renewing in the next year expect higher monthly payments and 57 per cent anticipate an impact to their living situation. Of these renewers, 73 per cent say they'll need to cut back on spending to keep up. Despite interest rates generally trending downward in recent months, they have not reached the historic lows that Canadians experienced for over a decade ending in 2022. With nearly a quarter (22 per cent) of those surveyed set to renew their mortgages in the next year, many plan to adjust their overall financial approach: 43 per cent say they will need to put their renovations on pause; 29 per cent say they will need to sell their home and buy a more affordable one, or downsize; 15 per cent say they will need to consider moving in with a roommate to share costs; 15 per cent say they will need to move to a different neighbourhood. "While our survey found that 75 per cent of those preparing to renew their mortgage this year are leaning towards a fixed instead of a variable rate mortgage, it's important to remember that there isn't a one-size-fits-all approach to choosing what will work for you," said Patrick Smith, Vice President, Product Management, Real Estate Secured Lending at TD. "We know Canadians are looking for quick and valuable mortgage advice, and TD is here to support with that. By providing tailored insights, our mortgage specialists can help you understand your options and create a strategy that can work for your unique needs." Despite a cooling of the market in front end of the year, prospective buyers are also considering concessions in the hopes of making a move in the housing market and are adjusting their financial approach to do so. According to survey results, 55 per cent of prospective buyers polled are reducing their non-essential expenses, while 31 per cent are planning on cashing in their current investments, such as Tax Free Savings Accounts, Registered Retirement Savings Plans, and First Home Savings Accounts. The Value of Advice As Canadians continue to pursue their homeownership ambitions, whether purchasing their first home, selling their existing one, or simply looking to better understand the mortgage process, seeking advice is key, yet only 35 per cent of those surveyed have sought out homeownership advice. Nearly four in ten (39 per cent) prospective buyers polled say quick access to advice from a professional would make them more confident in their ability to keep up with the Canadian housing market. "As Canadians navigate a dynamic economy that seems to be evolving daily, we understand how challenging it can be for them to know if they're making the right decision when it comes to real estate," added Smith. "Different factors can impact each individual's home buying decisions in unique ways. No matter their current reality, TD can offer advice to help you make those important financial decisions with confidence." Navigating the Emotions of Homebuying While many Canadians remain steadfast in their pursuit of owning a home, prospective buyers polled admit the process can also stir up mixed emotions. Some Canadians polled feel stress (45 per cent) and anxiety (38 per cent) while navigating the homebuying journey; despite this, Canadians polled also say the process brought on feelings of excitement (34 per cent), hopefulness (33 per cent), and optimism (32 per cent). Although the homebuying experience will be unique for everyone – bringing different challenges, outcomes, and emotions – Canadians looking to make a move in the housing market can benefit from advice as they navigate this stage of their journey. Looking for mortgage help ASAP? Simply answer a few questions and TD Mortgage Direct will match you with a TD Mortgage Specialist who can work with you to provide mortgage advice personalized for your home ownership journey. About the TD Survey This survey was undertaken by The Harris Poll Canada. It ran from the 10th to 18 th of April 2025, with 890 randomly selected Canadian homeowners and 881 randomly selected Canadians planning to buy a home within the next 5 years. A minimum of n100 respondents were surveyed in British Colombia, Alberta, Saskatchewan & Manitoba, Ontario, Quebec and Atlantic Canada for each audience (homeowners and prospective buyers) to allow for comparisons between the regions. The data has also been weighted on age, gender and region to match the 2024 instance of this study to allow for year-on-year comparisons. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of ±3.3% for each audience, 19 times out of 20. Discrepancies in or between totals when compared to the data tables are due to rounding. About TD Bank Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the sixth largest bank in North America by assets and serves over 27.9 million customers in four key businesses operating in a number of locations in financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Auto Finance Canada; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., and TD Wealth (U.S.); Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD Insurance; and Wholesale Banking, including TD Securities and TD Cowen. TD also ranks among the world's leading online financial services firms, with more than 18 million active online and mobile customers. TD had $2.1 trillion in assets on April 30, 2025. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto Stock Exchange and New York Stock Exchange.
