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
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
Life can change in an instant, and when illness, injury, or quarantine strikes, you might find yourself unable to work. In such situations, Employment Insurance (EI) Sickness Benefits in Canada provide crucial support, offering up to $695 per week for up to 26 weeks while you recover. This benefit aims to help you focus on … Read more
The Canadian government has announced a $300 Federal Payment for eligible individuals and families in 2025. This one-time payment is designed to help Canadians cope with the rising cost of living and alleviate financial pressures. Here’s an in-depth look at the eligibility criteria, payment schedules, and the necessary steps to ensure that you receive this … Read more
The Canada Revenue Agency (CRA) offers Maternity and Parental Benefits to support parents during the critical early stages of child-rearing. In 2025, these benefits have been structured to provide financial assistance to eligible individuals who are away from work due to pregnancy, childbirth, or the care of a newborn or newly adopted child. Types of … Read more
The Canada Revenue Agency (CRA) plays a crucial role in supporting Canadian residents through a variety of financial assistance programs. In 2025, several CRA programs will continue to provide financial aid to Canadians, including the Canada Pension Plan (CPP), Old Age Security (OAS), and Canada Child Benefits (CCB). Knowing the payment dates and eligibility criteria … Read more
In 2025, the Canada Revenue Agency (CRA) may introduce a $3,100 OAS pension bonus, which could significantly benefit eligible Canadian seniors. This potential bonus has sparked considerable interest among retirees and those planning their financial futures post-retirement. While the CRA has not officially confirmed the $3,100 bonus, there is growing speculation that it will be … Read more
The Canadian government’s Old Age Security (OAS) and Guaranteed Income Supplement (GIS) programs are providing vital financial assistance to seniors in March 2025. In particular, a combined payment of $2800 + $1500 has raised concerns and questions about eligibility. This article explains who is eligible for the OAS and GIS payments, the payment amounts, and … Read more
