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, 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
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