As March 2025 approaches, discussions have surfaced regarding a purported $2,650 Old Age Security (OAS) payment for Canadian seniors. It’s crucial to address these claims and provide accurate information to ensure beneficiaries understand their actual entitlements. Understanding OAS and CPP Benefits The Old Age Security (OAS) program offers a monthly pension to seniors aged 65 … Read more
If you are a resident of Canada and looking to stay up-to-date on your government benefits, this guide will help you track the upcoming Canada benefits payment dates in April 2025, understand new payment amounts, and confirm eligibility criteria. Whether you’re receiving Canada Pension Plan (CPP), Old Age Security (OAS), Canada Child Benefit (CCB), or … Read more
The federal minimum wage in Canada is set for a rise in 2025, with a planned increase to $17.75 per hour, starting on April 1, 2025. This change reflects a 2.4% increase over the current minimum wage of $17.30. The wage adjustment is part of Canada’s ongoing efforts to help workers cope with inflation and … Read more
In 2025, Canada introduced several new work permit regulations that give individuals greater freedom to work without the need for employer sponsorship. This change aims to support foreign workers who want to pursue employment opportunities in Canada independently. Whether you are a student, an entrepreneur, or someone with provincial support, these updated laws could benefit … Read more
In 2025, the Canadian government is providing an additional GST & HST payment to offer much-needed financial relief to low- and middle-income households. As part of the initiative to ease the burden of rising living costs, the Canada Revenue Agency (CRA) will be issuing the extra payments to eligible individuals and families. This extra GST/HST … Read more
The Canadian government is offering a significant financial boost for seniors in 2025, with a potential monthly benefit of up to $3,200. This amount is made possible through a combination of multiple federal programs aimed at ensuring the financial security of older adults. Whether you are nearing retirement, already retired, or helping a loved one … Read more
The Canada Revenue Agency (CRA) has seen significant growth over the past few years, increasing its staff and expanding its reach. While the CRA’s role in enforcing tax laws is critical, concerns have emerged over the agency’s increasing power and its approach toward taxpayers. This article explores a recent case highlighting the challenges many face … Read more
As Canadians approach April 2025, seniors and retirees are eagerly awaiting crucial updates regarding their Old Age Security (OAS), Guaranteed Income Supplement (GIS), and Canada Pension Plan (CPP) benefits. These government programs are essential for providing financial support to millions of Canadian seniors, ensuring that they can meet their daily needs such as food, housing, … Read more
The Canada Revenue Agency (CRA) is expected to introduce a $3,100 Old Age Security (OAS) pension bonus in 2025, aiming to provide financial relief to Canadian seniors amid rising living costs. While official confirmation is pending, this potential enhancement has generated significant interest among retirees and those planning their post-retirement finances. Understanding the OAS Pension … Read more
Canada’s tax system is undergoing major reforms starting 2025, affecting both individuals and businesses. Key changes include an increase in capital gains tax, higher alternative minimum tax (AMT), a new Digital Services Tax (DST), and hikes in Canada Pension Plan (CPP) contributions. Additionally, GST/HST exemptions for certain goods will be available for a limited time. … Read more