diff --git a/src/dfx/assets/project_templates/rust/src/__project_name___backend/Cargo.toml b/src/dfx/assets/project_templates/rust/src/__project_name___backend/Cargo.toml
index 6118f8f08e..650b53623c 100644
--- a/src/dfx/assets/project_templates/rust/src/__project_name___backend/Cargo.toml
+++ b/src/dfx/assets/project_templates/rust/src/__project_name___backend/Cargo.toml
@@ -10,5 +10,5 @@ crate-type = ["cdylib"]
 
 [dependencies]
 candid = "0.10"
-ic-cdk = "0.12"
-ic-cdk-timers = "0.6" # Feel free to remove this dependency if you don't need timers
+ic-cdk = "0.13"
+ic-cdk-timers = "0.7" # Feel free to remove this dependency if you don't need timers