In January 2025, low-income Canadians can expect a $928 payment, providing much-needed financial relief amid rising living costs. This government initiative aims to support individuals and families struggling to meet essential expenses. Whether you’re a senior, a single parent, or someone on a tight budget, understanding your eligibility and how to access this payment is Continue reading
Finance
Turn $30,000 into a Cash-Generating Powerhouse in Your TFSA
Turning your Tax-Free Savings Account (TFSA) into a powerful tool for wealth-building is an exciting challenge for Canadian investors. With $30,000 to invest, you can create a diversified portfolio that grows and generates consistent income. By combining steady dividends with long-term growth, you can set yourself up for financial independence. Here’s how you can transform Continue reading
CRA Announces TFSA Contribution Limit for 2025
Canadian savers are now aware of the additional room they’ll have in their Tax-Free Savings Accounts (TFSA) for the upcoming year. The Canada Revenue Agency (CRA) has confirmed that the TFSA contribution limit for 2025 will be $7,000, aligning with the second-largest limit ever seen in 2024. Understanding the TFSA Contribution Limit The TFSA is Continue reading
$628 Canada Grocery Rebate 2025: Will Canadians Receive it in 2025 ? All We Know So Far!
With the rising cost of living, many Canadians are seeking relief from inflationary pressures, particularly in the grocery aisle. In 2025, discussions about a potential $628 grocery rebate have captured national attention. Here’s a detailed breakdown of what this rebate entails, eligibility criteria, and whether Canadians can expect such financial support this year. What is Continue reading
Verizon Class-Action Settlement Update 2024: Payouts, Details, and What You Need to Know
In 2024, Verizon Wireless resolved a class-action lawsuit with a $100 million settlement. The lawsuit accused Verizon of deceptive advertising practices, specifically for failing to disclose additional fees—such as administrative charges—that made the actual costs of plans higher than advertised. This led customers to select plans under the impression that they were cheaper than they Continue reading
Calgary Housing Prices Projected to Rise by the End of 2025
Calgary’s real estate market is expected to see continued price growth in 2025, with a forecasted increase of 4% in the aggregated home price, reaching $728,104 by the fourth quarter of the year, up from an estimated $700,100 in 2024. This forecast comes from Royal LePage’s 2025 Market Survey, offering insight into the city’s housing Continue reading
Next GST Payment 2024-2025: Amount, Payment Dates, and Eligibility
The Goods and Services Tax (GST) credit is a tax-free quarterly benefit provided to low- and middle-income Canadians to offset the GST/HST they pay on goods and services. The GST credit plays a vital role in helping Canadians manage their expenses. With the next set of payments approaching, here’s a detailed look at the GST Continue reading
$250 Working Canadians Rebate & GST/HST Relief Payment for 2025: What You Need to Know
The Trudeau government has unveiled new affordability measures to help Canadians manage the rising cost of living. These initiatives include a two-month GST/HST holiday and a $250 rebate for eligible workers. GST/HST Holiday Details 1200 Month for Retired Seniors Know Eligibility Payment Dates Fact Check OTB Notice from the CRA 2024: Key Details and What Continue reading
How much is the Guaranteed Income Supplement (GIS) for Couples in Canada 2024
The Guaranteed Income Supplement (GIS) is a vital financial support program in Canada designed to assist low-income seniors. For couples, understanding the amount they can receive through GIS is crucial for managing their financial well-being in retirement. Here’s a comprehensive overview of the GIS payment amounts, eligibility criteria, and important details for couples in 2024. Continue reading
GST Voucher Payout Date 2024: Eligibility Check Amount How Much Will I Get?
As part of Canada’s ongoing efforts to provide financial relief to its citizens, the Goods and Services Tax (GST) Voucher is an essential support mechanism for low and middle-income families. In 2024, Canadians can expect updated payout dates, eligibility criteria, and amounts. This article will provide a comprehensive overview of the GST Voucher, including who Continue reading