On Tuesday, the Canadian dollar, also known as the loonie, lost ground against its U.S. counterpart as investors reacted to fluctuating financial conditions. The loonie was unchanged on the day but hovered at a weaker level, trading at C$1.3847 against the U.S. dollar. This exchange rate translates to approximately 72.22 U.S. cents. Throughout the trading Continue reading
CRA Blasted Over Mistakes and Duplicate Slips Amid 2025 Tax Season Chaos
The 2025 tax season in Canada has been anything but smooth. From duplicate T4 and T4A slips showing up in taxpayer accounts to widespread electronic filing errors, Canadians are facing a wave of complications that are affecting their ability to file accurately and on time. Tax professionals and individuals alike are calling for more clarity Continue reading
April 2025 CRA Benefit Payments in Canada Dates, Amounts, and Eligibility Explained
For millions of Canadians, timely benefit payments from the Canada Revenue Agency (CRA) are a financial lifeline. Whether you’re a parent counting on the Canada Child Benefit (CCB), a retiree receiving CPP or OAS, or someone relying on the GST/HST credit, knowing when your money is coming is essential for budgeting and peace of mind. Continue reading
Ontario Investing $750 Million in University and College STEM Programs
In a major move to support education and future-proof the province’s workforce, the Ontario government has announced a $750 million investment aimed at expanding science, technology, engineering, and mathematics (STEM) programs at post-secondary institutions across the province. The funding, unveiled by Colleges and Universities Minister Nolan Quinn, is set to support the creation of 20,500 Continue reading
Say Goodbye to Carbon Tax Rebates: Final Payment Arrives April 22, 2025 – Who Qualifies, How Much, and What Happens Next
The countdown is officially on. Canadians in eight provinces are set to receive the final Canada Carbon Rebate (CCR) payment on April 22, 2025, marking the end of a significant chapter in federal climate action policy. With Prime Minister Mark Carney announcing the termination of the federal carbon tax on April 1, 2025, the CCR Continue reading
Canada $7,500 MHRTC Credit 2025: Who Qualifies, What Counts, and How to Claim It Right
As Canadian families increasingly embrace multigenerational living to ease housing pressures and support aging loved ones or adults with disabilities, the federal government is stepping in to help. The Multigenerational Home Renovation Tax Credit (MHRTC) is a new refundable tax credit that can save homeowners up to $7,500 on eligible renovations completed in 2025. What Continue reading
Multiple Foods Recalled Across Canada Due to Listeria, Salmonella, Insects, and Wood Contamination
If you’re in Canada, now’s the time to do a sweep of your kitchen. The Canadian Food Inspection Agency (CFIA) has issued several urgent food recalls that could affect items you regularly eat — from pasta and rice to frozen meals and snacks. These products have been pulled off shelves due to serious safety risks, Continue reading
Carney Leads in Polls as Canada Enters Final Week of Election Campaign
On April 21, 2025, in Charlottetown, Prince Edward Island, Canadian Prime Minister Mark Carney renewed his calls for voters to give him a solid mandate in the upcoming April 28 election. With polls indicating he is leading, Carney emphasized the urgency of securing a robust mandate to tackle the escalating tariff threats posed by U.S. Continue reading
Canadian Dollar Gains as Benchmark Bond Yield Rises
The Canadian dollar gained modest ground on Monday, strengthening 0.1% against the U.S. greenback. The loonie was trading at 1.3837 CAD per USD, or approximately 72.27 U.S. cents. Throughout the trading day, the currency fluctuated within a narrow range between 1.3782 and 1.3851. This upward move in the loonie suggests some resilience in the Canadian Continue reading
How to Keep Working at Age 70 in 2025 While Collecting Full CPP and OAS Benefits Essential Rules You Need to Know
In 2025, a growing number of Canadian seniors are choosing to stay in the workforce well beyond the traditional retirement age of 65. Whether driven by rising living costs, a desire to remain active, or simply a passion for work, many are blending employment income with retirement benefits such as the Canada Pension Plan (CPP) Continue reading