Rumors of Canada Pension Plan top-up spark interest, but official confirmation is still pending As living costs soar and inflation continues to erode fixed incomes, many Canadian seniors are eagerly seeking additional financial support. One such hope has emerged in the form of rumors surrounding a $650 and $750 Canada Pension Plan (CPP) payment boost. Continue reading
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Canada CRA Benefits 2025: Complete Monthly Payment Dates, Maximum Amounts, and How to Get Every Dollar You’re Eligible For
As living costs continue to climb in 2025, government support through the Canada Revenue Agency (CRA) remains a crucial financial lifeline for millions of Canadians. Whether you’re a parent, low-income worker, senior, or newcomer, knowing when CRA payments arrive and how much you can receive helps you manage your household budget, pay bills, and plan Continue reading
Canada’s $250 GST Relief Payment in Spring 2025: Full Eligibility Requirements, Payment Dates, and How to Claim It
As the cost of living continues to climb, the Canadian government is stepping up to provide some much-needed financial relief. The Canada Revenue Agency (CRA) has announced a $250 GST Relief Payment for eligible Canadians, with distribution expected to begin in Spring 2025. This one-time payment aims to ease the burden on low- and middle-income Continue reading
Tony’s Chocolonely Voluntarily Recalls Chocolate Bars in Canada and U.S. Due to Stones Found in Products
Potential Safety Risk Leads to Voluntary Recall of Tony’s Chocolonely Bars A voluntary food recall has been issued for certain Tony’s Chocolonely chocolate bars sold in Canada and the U.S., after customers reported finding small stones in the products. This recall affects two specific chocolate varieties: the Dark Chocolate Almond Sea Salt 180g and the Continue reading
USD to CAD Weekly Forecast Amid 2025 Trade Tensions: Will Tariffs Push the Pair Below Key Support Levels?
New Trade Barriers and Weak Canadian Employment Paint a Complex Outlook for USD/CAD The USD/CAD currency pair faced a turbulent trading week ending April 5, 2025, as global economic uncertainties deepened. From Trump’s sweeping new tariffs to Canada’s underwhelming job market report, both the US dollar and Canadian dollar saw major pressures. While USD/CAD dipped Continue reading
1200 Month for Retired Seniors Know Eligibility Payment Dates Fact Check
As the cost of living rises, financial security in retirement has become a significant concern for seniors. Many rely on a combination of government benefits, pensions, and savings to cover their expenses. In 2024, a monthly benefit of up to $1,200 will be available to retired seniors, helping them to maintain their quality of life. Continue reading
Canada ‘ready and able’ to join Ukraine peacekeeping force, defence minister says
Canada is prepared to contribute troops to Britain and France’s “coalition of the willing” peacekeeping force should there be a ceasefire in Ukraine, Defence Minister Bill Blair said Wednesday.
Quebec’s 2025 Income Tax Brackets Revealed — See What You’ll Pay Next Year
The 2024 tax season may be months away, but it’s never too early to start planning for your 2025 earnings. Revenu Québec and the Canada Revenue Agency (CRA) have recently announced the income tax brackets for 2025, giving Quebec residents a clearer picture of how much income tax they’ll owe in the upcoming year. Understanding Continue reading
Average TFSA Balance for Canadians at Age 64
Did you know that the average Tax-Free Savings Account (TFSA) balance for Canadians aged 64 is around $150,000? This figure comes from a 2023 study by the Canadian Institute of Chartered Accountants (CICA). While $150,000 may not be enough to fund a retirement on its own, it can significantly boost your overall income by complementing Continue reading
2025 CRA Updates: New Tax Brackets, CPP, RRSP, and TFSA Contribution Limits
Each year, most income tax and benefit amounts in Canada are indexed to inflation. For 2025, the Canada Revenue Agency (CRA) has announced an inflation adjustment factor of 2.7%. This is a significant decrease compared to last year’s 4.7%, reflecting the lower rate of inflation. These inflation adjustments apply to various tax brackets, contributions, and Continue reading