Multiple Benefit Payments and Settlement Money Coming to Canadians in July 2026

Multiple Benefit Payments and Settlement Money Coming to Canadians in July 2026

If you are a Scotiabank customer or a low-income Canadian, July 2026 could bring extra money to your bank account. Here is what you need to know about the payments and settlement funds arriving next month.

Scotiabank Class Action Settlement: $10.5 Million

Thousands of Scotiabank customers will receive a share of a $10.5 million class action settlement. About 148,000 customers are eligible for compensation.

What does this mean for you? If you are one of the affected customers, you may get a payment without doing anything. The bank or class action administrators will contact you.

Who is affected? Scotiabank customers who were part of the class action lawsuit. The settlement covers specific claims about fees or practices. If you are unsure, watch for official communication from Scotiabank or the settlement administrators.

What you should do:

• Check your mail and email for notices from Scotiabank or the class action team
• Do not respond to unsolicited calls or texts asking for banking details
• If you receive a cheque or direct deposit, deposit it promptly

Canada Disability Benefit (CDB) Increase

Starting July 16, 2026, the Canada Disability Benefit will increase to up to $204.20 per month. This is a significant boost for Canadians with disabilities.

Who is affected? Canadians with disabilities who are eligible for the CDB. You must have a valid Disability Tax Credit certificate and meet income thresholds.

What you should do:

• Check your bank account on or after July 16, 2026
• Ensure your CRA direct deposit information is up to date
• If you have not received your payment by July 20, contact the CRA or Service Canada
• If you are not yet receiving the CDB, apply through the CRA if you have a Disability Tax Credit certificate

Advanced Canada Workers Benefit (ACWB) Increase

The Advanced Canada Workers Benefit will also see higher advance payments arriving on July 10, 2026. This helps low-income workers.

Who is affected? Low-income workers who qualify for the Canada Workers Benefit. You must have filed your taxes and be eligible for the advance payment.

What you should do:

• Check your bank account on July 10, 2026
• Make sure your CRA direct deposit information is current
• If you have not received your payment by July 14, contact the CRA
• If you are not receiving the ACWB but think you qualify, file your taxes and apply through the CRA

Ontario Trillium Benefit (OTB) Payment

The Ontario Trillium Benefit payment for the 2026-27 year starts July 10, 2026, with higher indexed amounts. This includes the Ontario Energy and Property Tax Credit, the Northern Ontario Energy Credit, and the Ontario Sales Tax Credit.

Who is affected? Ontario residents who qualify for the OTB. You must have filed your 2025 taxes to receive it automatically.

What you should do:

• Check your bank account on July 10, 2026
• Ensure your CRA direct deposit information is up to date
• If you have not received your payment by July 14, contact the CRA

Bottom Line

July 2026 brings several financial boosts for Canadians:

• Scotiabank customers: Up to $10.5 million in settlement funds for 148,000 eligible customers
• Canadians with disabilities: Up to $204.20 per month starting July 16
• Low-income workers: Higher ACWB advance payments on July 10
• Ontario residents: Higher OTB payments starting July 10

Key action steps:

1. File your taxes to receive benefits automatically
2. Update your CRA direct deposit information
3. Watch your bank accounts on the specified dates
4. Contact the CRA or Service Canada if payments are late

These combined payments can provide meaningful relief for households facing rising costs. Check your eligibility and ensure your information is current with the CRA.