Canadians are set to receive more money from the government, as multiple federal benefits and credits are scheduled to increase in July. With the new benefit year beginning in July, Canadians will see several government benefits increase by 2.7 per cent due to indexation. Here are some of the benefits and credit payments that will go up in July. For children aged six to 17, this means an annual payment increase from $6,570 to $6,748, or $562 per month. Canada Pension Plan (CPP)CPP payments will increase by 2.6 per cent for 2025.